Updated version of the General Terms and Conditions to the BGH Trading Platform Market Rules with the participation of Bulgartransgaz
Dear partners,
With the
following we would like to present to your attention an updated version of
the General Terms and Conditions to the BGH Trading Platform Market Rules
with the participation of Bulgartransgaz (Annex 5 to the Market Rules),
approved by the company’s Board of Directors.
The General
terms and conditions regulate the order and the manner under which the
TSO may be a party for deals with short-term standardized products for
balancing purposes regulated in accordance with the provisions of art. 6 and
art. 9 of Regulation (EU) № 312/2014, as well as for conclusion of deals with natural gas
for technological needs. According to Art. 5 of the General Terms and
Conditions, each trading participant wishing to trade with TSOs must establish
a deposit in favour of Bulgartransgaz EAD, and various options for establishing
the deposit have been developed, giving additional flexibility and expanding
the opportunities for TSO trading.
The options for
determining the amount of the trading deposit are as follows:
Option 1: The
minimum value of the trade deposit is in the amount of the BGN equivalent of 2,500
MWh (at the price of natural gas including VAT, at which the public provider
sells natural gas to public suppliers and customers connected to the gas
transmission network, excluding price for access and transmission of natural
gas at the time of its provision).
Option 2: The
minimum value of the trade deposit is in the amount of the BGN equivalent of 1,250
MWh (at a price of natural gas including VAT, at which the public provider
sells natural gas to public suppliers and customers connected to the gas transmission
network, excluding price for access and transmission of natural gas at the time
of its provision).
Option 3: The
minimum value of the trade deposit is in the amount of the BGN equivalent of 625
MWh (at the price of natural gas including VAT, at which the public provider
sells natural gas to public suppliers and customers connected to the gas
transmission network, excluding the price for access and transmission of
natural gas at the time of its provision).
In addition to
the above, the trading platform member wishing to enter into TSO transactions
has the opportunity to submit a written request to the TSO, indicating what
part of the amount deposited in the TSO account, representing collateral under
its balancing contract, may be used for trading according to the amount
provided in Options 1, 2 and 3 above. The same amount is directed as a trading
deposit only if the member of the platform has a sufficient free limit above
what is necessary to secure his balancing contract.