Incident | TTF market – Imbalance Management

Dear customer,

The incorrect nomination values ECC send to GTS on 13.11. for hour 12-13 caused balancing actions on your side. You were informed to follow the Dutch network code and balance your POS. This resulted in profits for some customers and costs for others.

Since a correction on GTS side would cause more effort for you customers, we jointly decided to have an imbalance settlement organized by ECC. In accordance with 4.8.5.1, 4.8.5.2 and 4.8.5.3 of the ECC Clearing Conditions the imbalance settlement will be executed as follows:

• Basis for calculation will be the neutral gas price of the 13.11. ( 43.88€ ) this will be multiplied with the difference between traded and matched values for the affected hour
• If you received gas additional gas, we will charge you and if you had to send additional gas to ECC we will pay out the amount to you
• ECC will execute this settlement on the 25.11. via normal ECC payment procedures
• Reporting will be done via separate invoice within the product group EEX_IM_NATGAS_TTF

In case of further information needed, cal. Physical Settlement hotline +49 341 24680 345.

Your Physical Settlement Team