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Redistribution of auction’s premium at the VIP Pirineos

Unit amount of redistribution of yearly auction’s premium at the VIP Pirineos

Redistribution of surplus auction revenue at the North-South link and at the Pirineos interconnection point to the GRTgaz South and Teréga balancing zones

In its Deliberation dated 29 January 2014, CRE deemed it desirable that as from 1 April 2015, creation date of a single marketplace for the south of France, the surplus revenue at the North-South link and at the interconnection with Spain be redistributed to Shippers delivering end customers in the two Teréga and GRTgaz South zones.

This change is consistent with the existence of a single gas price for the wholesale market for the GRTgaz South and Teréga zones as from 1 April 2015. It will strengthen the harmonization of access conditions to the gas transmission networks in the south of France launched by CRE in 2013.

As a result, as from 1 April 2015, the surplus revenue collected at the North-South link, from North to South, and at the Pirineos interconnection point will be redistributed to Shippers delivering end customers in the GRTgaz South and Teréga zones. The redistribution will be conducted by each TSO to Shippers active on their networks in proportion to the volumes delivered in their zone for the period concerned.

The pooling of surplus auction revenues will result in a financial flow between the TSOs prior to redistribution to Shippers.

Publication of the unit amounts of redistribution from 1st of October 2016 to 30th of September 2017

In accordance with the deliberation of the CRE of 10/12/2015 deciding on the evolution of the tariffs for the use of natural gas transmission networks as of 1st April 2016, the unit amounts of redistribution from 1st October 2016 to 30th September 2017 are calculated by each TSO, communicated to the CRE before 15th July 2016, and published by each TSO before 30th July 2016 once validated by the CRE.

For each quarter, the total unit amount of redistribution is equal to the sum:

  • Of the yearly unit amount of redistribution for auctions premiums from yearly product (from 1st October 2016 to 30th September 2017);
  • Of the quarterly unit amount of redistribution for auctions premiums from quarterly product (from 1st October 2016 to 30th September 2017);
  • Of the quarterly unit amount of redistribution for auctions premiums from monthly and day-ahead products (from 1st July 2015 to 30th June 2016);
  • Of the quarterly unit amount of redistribution from redistribution deviations observed from 1st July 2015 to 30th June 2016.

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