The Romanian Commodities Exchange (BRM) announces that, despite the complaint of the gas market players on short-term liquidity, the STEGN platform is designed to meet market needs, according to a press release by energynomics.ro.
“With reference to the articles in the media with the topic: “Insufficient liquidity on the wholesale market on short term”, having as basic documentation the Transgaz report, regarding the implementation of the provisional, according to the provisions of the (EU) Regulation No. 312/2014 of establishing a network code on balancing the gas transmission networks, the Romanian Commodities Exchange, as a licensed operator in managing the centralized markets of natural gas, wants to bring some clarifications on this issue”, reads the BRM report.
“Trying to meet the SNTGN Transgaz S.A. efforts to implement the measures from the European Regulation, with effect on increasing the level of the liquidity of the wholesale gas market in the short term, the Romanian Commodities Exchange, in this way, informs that it has an electronic trading platform of natural gas, including the standardized products intended for the short term. Thus it has the capability to process in real time sell-purchase offers as well for gas volumes that can be subject of the imbalances in the National Transmission System.”
The STEGN Platform (Electronic Trading System Natural Gas), a product designed and developed by the BRM team of specialists, is a modern software application, complex and robust, easy to use and has been designed so as to adapt to the needs of the free market, thus for the competition, and energy market legislation requirements.
“This new platform is an instrument through which the market participants on the centrally administered BRM market, can submit offers for the gas sale – purchase at any time without restrictions on quantity or price; in other words, the volumes destined to cover the fluctuations are also targeted, which translate into imbalances and then can be subject to sanctions, under the Network Code. Meanwhile, the Transmission System Operator (OTS) can post offers and conclude, also, transactions in order to achieve its specific actions of commercial balance of the National Transmission System,” said Valeriu Gheorghe, Executive Director of the Romanian Commodities Exchange.
Compared to specific platforms of the spot, forward and OTC markets, the STEGN platform allows users (platform is dedicated exclusively to the supply licenses holders) to introduce / maintain the delivery period. In the mentioned report it is stated that BRM, with its new electronic trading platform, is ready to offer to the market the possibility to trade goods daily and even intra-day goods, to the extent that there will be liquidities for this market.
“Stating that BRM fully expressed, on several occasions, and maintains its desire of cooperation and willingness to actively support SNTGN Transgaz S.A. in the implementation of the mechanism of balancing the National Transmission System in accordance with the communitary regulations charges, by integrating the two applications (the STEGN platform and the balancing platform),” says BRM.
The transactions with natural gas started on the BRM specialized ground in October 2013. From that time until now, there were registered and are active 144 participants (34 producers / suppliers / traders and 110 non-household consumers), total traded volume rising to about 5 million MWh, made over 315 auction sessions.
Of the total quantity awarded 1.3 million MWh consisted in natural gas with included services (transport, distribution, storage) purchased by the final consumers (consumers of natural gas) and 3.7 million MWh – natural gas without services, which were the subject to the sale and purchase between producers, suppliers and traders operating in the trading market, under ANRE Licensing.
