Words in Art. 21(3) omitted (31.12.2020) by virtue of The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 5 para. 6(2)(a); 2020 c. 1, Sch. 5 para. 1(1)

Words in Art. 21(3) 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. 5 para. 6(2)(b); 2020 c. 1, Sch. 5 para. 1(1)

Art. 21(4)(5) inserted (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. 5 para. 6(3)(4); 2020 c. 1, Sch. 5 para. 1(1)

Art. 21(4) omitted (31.12.2020) by virtue of The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 5 para. 6(3); 2020 c. 1, Sch. 5 para. 1(1)

http://www.legislation.gov.uk/eur/2017/460/article/21Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)King's Printer of Acts of Parliamenthttps://webarchive.nationalarchives.gov.uk/eu-exit/https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32017R0460texttext/xmlen2025-01-08Expert Participation2020-12-31Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 26(1)(a)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 8(2)(a)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 26(1)(a)(ii)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 8(2)(b)(i)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 26(1)(a)(v)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 8(2)(b)(ii)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 26(1)(a)(vi)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 8(2)(b)(iii)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 26(1)(c)(ii)(3)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 8(2)(c)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 28(1)(b)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 10(3)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 28(1)(c)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 10(4)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 32(c)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 12(2)(a)reg. 1(2)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance. )Art. 32(c)The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019Sch. 5 para. 12(2)(b)reg. 1(2)CHAPTER VPRICING OF BUNDLED CAPACITY AND CAPACITY AT VIRTUAL INTERCONNECTION POINTS
Article 21Pricing of bundled capacity1.

The reserve price for a bundled capacity product shall be equal to the sum of the reserve prices for the capacities contributing to such product. The reserve prices for corresponding entry and exit capacities shall be made available when the bundled capacity product is offered and allocated by means of a joint booking platform referred to in Article 37 of Regulation (EU) 2017/459.

2.

The revenue originating from the bundled capacity product sales corresponding to the reserve price for such product shall be attributed to the respective transmission system operators as follows:

(a)

after each transaction for a bundled capacity product;

(b)

in proportion to the reserve prices for the capacities contributing to such product.

3.

The auction premium originating from the bundled capacity product sales shall be attributed in accordance with the agreement between the respective transmission system operators which is subject to the approval by the national regulatory authority .... In absence of such approval by the national regulatory authority, and any non-UK regulatory authorities whose approval is required, by the date three months before the start of the annual yearly capacity auctions, the auction premium shall be attributed to the respective transmission system operators equally.

4.

If the approval of any non-UK regulatory authorities is required, the national regulatory authority must endeavour to cooperate with those non-UK regulatory authorities.

5.

If the approval of both national regulatory authorities is required, they must cooperate with each other, and references in paragraphs 3 and 4 to “the national regulatory authority” are to be read as references to “the national regulatory authorities”.

4.

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