Gas market participants rail against mandatory bundling
The Agency for the Cooperation of Energy Regulators hopes a new network code on capacity allocation will promote a more efficient and open gas market in Europe. But market participants warn the principle of mandatory bundling embedded in the code could have a damaging impact on liquidity. Gillian Carr reports
The liberalisation of the European Union (EU) energy market stretches back almost 10 years – and market participants believe it will take many more to achieve the truly unified market envisioned by the European Commission (EC). But the pace of change has begun to pick up recently, with a push by regulators and transmission system operators (TSOs) to develop and implement a set of new network codes meant to ease cross-border trading.
Network codes effectively represent the rules of the road for
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