Neutral gas price (NGP)
The neutral gas price (NGP) is defined in article 4.1.6.4 of the Transportcode gas LNB and is, among other things, being used for calculating the offline allocations and the settlement of the Linepack Flexibility Services.
The neutral gas price per day is defined as the weighted average of the TTF price for the volume at a gas exchange appointed by the Dutch Ministry of Economic Affairs, for all transactions been executed during the day, the day before and two days before the day of delivery.
As from July 1st 2018 the NGP that is published on the EEX Spot Market data and the download page of the EEX website, will be used by GTS.
FAQ
-
‘Neutral gas price being the most recently published as referred to in the Transport Conditions for Gas, article 4.1.3.8’ means the neutral gas price (as defined in the Transport Conditions for Gas, article 4.1.6.4) as published near real time by PEGAS at 06:00 of the gas day that the bids are being placed.