What is a Gas Day?
The 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?
The 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?
ACER did not take the amendment forward because of a lack of justification, market support and of elements showing the benefits of the proposal.