What is a Gas Day?
Gas Day establishes the trading window for exchanging day-ahead and daily gas
products on the EU trading platforms. The Gas Day has a harmonised start and
end from 5.00 to 5.00 UTC the following day for winter time, and from 4.00 to
4.00 UTC the following day when daylight saving is applied. The harmonised Gas
Day promotes cross-border trading and underpins capacity bundling.
Why was the Gas Day amendment request controversial?
proposal aimed to derogate the United Kingdom and the Republic of Ireland from
the obligation of adopting the common timeframes of the Gas Day, based on the
UK’s upstream industry proposal.
What did ACER say?
did not take the amendment forward because of a lack of justification, market
support and of elements showing the benefits of the proposal.