Platts proposes to change increment guidelines for European natural gas assessment ranges

Platts, part of S&P Global Commodity Insights, is proposing to change the increment guidelines for its European natural gas assessment ranges, effective Sept. 11.

The proposed changes are set to align Platts assessment ranges with Inter Continental Exchange Dutch TTF and British NBP minimum price fluctuations of 0.50 euro cent and 0.01 pence/therm, respectively, adding further granularity to Platts price assessment process.

For all European natural gas assessments in Eur/MWh, Platts proposes to change the assessment increment range to plus/minus 0.50 euro cent from plus/minus 5 euro cent currently assessed for Dutch Title Transfer Facility (TTF) and plus/minus 10 euro cent currently assessed for all other hubs.

The proposed changes would be applicable to the Dutch Title Transfer Facility (TTF), Austrian Virtual Trading Point (VTP), French Point dExchange de Gaz (PEG), German (THE), Italian Punto di Scambio Virtuale (PSV), Spanish Punto Virtual de Balance (PVB), Belgian Zeebrugge Trading Point (ZTP), and Czech Republic and Slovakia virtual trading hubs.

Platts is also proposing to change the increment range for all European assessments in pence/therm to plus/minus 0.01 p/th from 0.10 p/th.

The proposed changes would be applicable to the UK National Balancing Point (NBP), and Belgian Zeebrugge Beach (ZEE) trading hubs.

Please send all comments, feedback, and questions by Aug. 21, 2023, to eurogas_pricing@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.