Trading Region Upgrade service has received positive response from the market
The new Trading Region Upgrade (TRU) service, connecting the Austrian and the Czech gas markets, has received positive response from the market. Approximately 80% of the total offered TRU capacity from the Czech Republic to Austria (90,000 kWh/h/a) was sold during the annual auction in July. Market participants also expressed a strong interest in purchasing TRU for shorter durations (quarter, month, day). A decision whether to offer the remaining TRU quantity at later short-term auctions will be taken soon. The main aim of the TRU service is to simplify transaction procedures and reduce transaction costs.
The new specially designed service was offered as a yearly product by the Austrian and the Czech Gas Transmission System Operators Gas Connect Austria and NET4GAS through auctions in the period 2 – 16 July 2018. For the first time, their customers had the opportunity to bid for their gas to be shipped from Austria to the Czech Republic and vice versa with a single contract. With this, the two companies are also implementing in practice the European Union’s target to bring markets together in an easy and cost-efficient way.
Both Transmission System Operators offer the TRU service individually. Cross-border transactions from Austria to the Czech gas market are provided by Gas Connect Austria, transactions from the Czech Republic to the Austrian gas market by NET4GAS.
The TRU service is offered within a one-year pilot phase after which the product will be evaluated.
For further details, please contact the Transmission System Operators directly or visit their websites: www.net4gas.cz and www.gasconnect.at