News / Gasgrid Finland has published the neutrality charges for the year 2020

Gasgrid Finland has published the neutrality charges for the year 2020

Gasgrid Finland has published month-specific neutrality charges for 2020, which ensures the neutrality of Gasgrid Finland’s balance management actions.

Gasgrid shall not gain or lose by the payment and receipt of daily imbalance charges, within-day charges, balancing actions charges and other charges related to its balancing activities. Gasgrid shall through neutrality charges pass to balance responsible parties:

  1. Any costs and revenues arising from daily imbalance charges and within-day charges;
  2. Any costs and revenues arising from the balancing actions undertaken; and
  3. Any other costs and revenues related to the balancing activities undertaken by the Transmission System Operator.

Each balance responsible party shall pay to the Transmission System Operator (‘TSO’) or the TSO shall credit to the balance responsible party the neutrality charges for balancing for each gas month. In order to ensure the neutrality of the balance management actions and in accordance with the Terms and Conditions of Balancing that came into force in the autumn, Gasgrid publishes the unit prices of neutrality charges for the year 2020.

Gasgrid shall publish the calculated total sums for the above data on its website once a month. The price of the month-specific neutrality charge shall be determined after each gas month. The price of the neutrality charge [€/MWh] shall be determined on the basis of the above total sums of revenues minus total costs and by dividing the result by the total amount of offtakes of all of the balance responsible parties for that gas month. Taken into account as offtakes shall be offtakes included in the balancing portfolios of the balance responsible parties in the exit zone, Virtual Trading Point and Balticconnector. The balance responsible party’s monthly neutrality charge [€/gas month] shall be determined by multiplying the amount of aggregate offtakes included during the gas month in the balance responsible party’s balancing portfolio (incl. exit zone, Virtual Trading Point and Balticconnector) by the price of the neutrality charge applicable to that gas month. Exit quantities are based on the results of final balance settlement.

From now on, Gasgrid Finland shall issue invoices regarding neutrality charges after each quarter. The unit price of neutrality charge is published on our website on a monthly basis.

For more information: Mika Myötyri, Gas Market Development Manager, mika.myotyri@gasgrid.fi, +358451124515.

Gasgrid Finland Oy is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable and cost-efficient transmission of gases. We actively develop our transmission platform, services and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/

Gasgrid Finland Oy is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable and cost-efficient transmission of gases. We actively develop our transmission platform, services and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/

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