Platts changes increment guidelines for European natural gas assessment ranges

Platts, part of S&P Global Commodity Insights, has changed the increment guidelines for its European natural gas assessment ranges, with effect from Sept. 18.

The changes 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 changed the assessment increment range to plus/minus 0.50 euro cent from plus/minus 5 euro cent for Dutch Title Transfer Facility (TTF) and plus/minus 10 euro cent for all other hubs.

The changes apply 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 has also changed the increment range for all European assessments in pence/therm to plus/minus 0.01 p/th from 0.10 p/th.

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

The decision followed a proposal note published Aug. 4 that can be found here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/080423-platts-proposes-to-change-increment-guidelines-for-european-natural-gas-assessment-ranges

A decision note published Aug. 18 can be found here:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081823-platts-to-change-increment-guidelines-for-european-natural-gas-assessment-ranges

The full description of the existing natural gas methodology in Europe can be found here:

https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/eurogasmetho.pdf

Please send all comments, feedback, and questions, to eurogas_pricing@spglobal.com and pricegroup@spglobal.com.

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Platts will consider all comments received and will make comments not marked as confidential available upon request.