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Commission Regulation (EU) 2017/459Show full title
Commission Regulation (EU) 2017/459 of 16 March 2017 establishing a network code on capacity allocation mechanisms in gas transmission systems and repealing Regulation (EU) No 984/2013 (Text with EEA relevance)
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Article 13U.K.Rolling monthly capacity auctions
1.The rolling monthly capacity auction shall be held once a month.
2.Capacity for each monthly standard capacity product shall be auctioned through the rolling monthly capacity auction using an ascending-clock auction algorithm according to Article 17. Each month, the monthly standard capacity product for the following calendar month shall be auctioned.
3.During the rolling monthly capacity auction network users shall be able to apply for one monthly standard capacity product.
4.Rolling monthly capacity auctions shall start on the third Monday of each month for the following monthly standard capacity product unless otherwise specified in the auction calendar.
5.The capacity to be offered in the rolling monthly capacity auction shall be, each month, equal to:
A – C + D
Where:
Ais the transmission system operator's technical capacity for each of the standard capacity products;
Cis the previously sold technical capacity, adjusted by the capacity which is re-offered in accordance with applicable congestion management procedures;
Dis additional capacity, for such month, if any.
6.One week before the auction starts, transmission system operators shall notify network users about the amount of capacity to be offered for the upcoming rolling monthly capacity auction.
7.The bidding rounds of each auction shall take place between [F18.00 a.m. to 5.00 p.m.] on all relevant gas days. Bidding rounds shall be opened and closed within each gas day, as specified in Article 17(2).
8.The allocation results of the auction shall be published, as soon as reasonably possible, and no later than the next business day after the closing of the bidding round, simultaneously to individual network users participating in the respective auction.
9.Aggregated information on the auction results shall be published to the market.
Textual Amendments
F1Words in Art. 13(7) substituted (31.12.2020) by The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 4 para. 11; 2020 c. 1, Sch. 5 para. 1(1)
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