Registering as a Market Participant

We administer and maintain the market participant register for the Finnish gas market. All market participants must register in the market participant register in order to operate in the Finnish gas market. The same party may register as a market participant in more than one market role. Registration as a market participant can be completed with the Register form.

In order to be able to register as a market participant, your company must have a role‑specific framework agreement in place with us and, depending on the market role, either a GLN or an EIC party code. Further information on these identifiers is available in Chapter 4 of the Gas Market Code and Information Exchange Guidelines.

Further information on the registration process is available in Section 3.3 of the Gas Market Code and Information Exchange Guidelines.

A template for providing a collateral is available to you if, based on your market role, you are required to provide collateral to us. The collateral requirements are described in the market role‑specific framework agreements, which can be found under “Agreements”.

When registering, we require your latest financial statements and your Business ID. As part of the registration process, we also carry out a KYC questionnaire for each market participant. Through the KYC (Know Your Customer) questionnaire, we verify the owners and beneficial owners of prospective customers by screening sanctions lists.

Registering as a market participant process
Registering as a market participant process

Further information on the registration process is available in Section 3.3 of the Gas Market Code and Information Exchange Guidelines.

Explore our on/offboarding-
package

Our information package describes how to register for a market role in the Finnish gas market and how to deregister from the gas market participant register.

Download registering package

Market roles

The wholesale market participants comprise the shippers, traders and transmission network end users. The retail market participants comprise retailers, retailers with delivery obligation and distribution network end users. Biogas injecting parties and LNG processing facility operators may operate in the wholesale or retail market depending on whether the facility is connected to the transmission or distribution network.

Amarket participant may have multiple market roles at the same time, which means participants may tailor the role or set of roles that best suits their business. For example, a transmission network end user may act as a shipper for itself and is therefore able to be responsible for its own gas deliveries. A retailer may also act as a shipper and even as a distribution network end user if it meets the role-specific requirements when registering for those roles.

Description of market roles

Shipper is a business that is registered in the Register of Market Participants and to which a system operator transmits quantities of gas in the transmission and distribution Networks in accordance with capacity agreements and the Gas Transmission Rules. A shipper may act as a balance responsible party of a balance group or the shipper has to be a member of a balance group of another shipper or trader that is a balance responsible party. A shipper may also act as a retailer, biogas injecting party, transmission network or distribution network end user and/or trader.

Trader is a market participant that carries out wholesale trading in gas but does not enter into capacity agreements with the transmission system operator or trade in capacity on the secondary market. A participant acting as a shipper automatically has the right to act at the same time as a trader.

Transmission network end user is a business that consumes and supplies natural gas at metering sites connected to the transmission network. A transmission network end user may also act as a shipper, trader, biogas injecting party, retailer and/or distribution network end user.

Biogas injecting party is a market participant that injects upgraded biogas into the network and enters into an agreement with a shipper on the injection of biogas into the Finnish gas system.

Liquefied natural gas processing facility operator means a natural person or a legal person that liquefies natural gas or imports, unloads and regasifies liquefied natural gas and is responsible for the functioning of the liquefied natural gas processing facility.

Distribution system operator (DSO) is a business that carries out the function of distribution and is responsible for operating, ensuring the maintenance of, and, if necessary, developing the distribution network in a given area and its interconnections with other systems, and for ensuring the long-term ability of the system to meet reasonable demands for the distribution of gas.

Retailer is a business that supplies natural gas directly to end users via a distribution system operator’s distribution network.

Retailer with delivery obligation is a retailer referred to in section 44 of the Natural Gas Market Act. If there is no retailer with significant market power in the operating area of a distribution system operator, the retailer whose market share, as measured by the quantity of natural gas delivered, of natural gas acquired by end users covered by the delivery obligation is the highest in the operating area in question.

Distribution network end user is a customer of a metering point connected to a distribution network that buys natural gas for its own use. A distribution network end user may be a consumer or other end user of gas.

EIC-codes

In the Finnish gas market, shippers and traders are required to use EIC party codes (Energy Identification Coding, EIC). The codes are required for reliable and efficient data exchange between market participants and the transmission system operator, and they form the basis for automated data exchange. Gasgrid Finland acts as the local issuing office for EIC‑X party codes (Local Issuing Office, LIO) in the Finnish gas market.

An EIC participant is responsible for the accuracy and sufficiency of the information provided when applying for an EIC party code. Once an EIC party code has been issued, the EIC participant is responsible for the information provided and for keeping it up to date with the issuing authority, i.e. the LIO.

By applying for and being granted an EIC party code, the EIC participant commits to the requirements and operating practices of The Energy Identification Coding Scheme (EIC) Reference manual. When applying for the code, the EIC participant accepts that the TSO publishes the following information on its website: EIC‑X code, party name, display name, Business ID, postal code and market role. In addition, the applicant accepts that the TSO sends the applicant’s information (see list below) to ENTSO‑E in order to make the party code international and publish it on ENTSO‑E’s EIC list.

Only one EIC‑X code may be issued per Business ID (VAT number).

EIC codes are administered and issued by ENTSO‑E’s Central Issuing Office (CIO) and by local issuing offices (LIOs). In the Finnish gas market, the local issuing office is Gasgrid Finland.

An application for an EIC‑X party code must be submitted by email to customerservice[at]gasgrid.fi and must include the following applicant information:

  • Party name (company name)
  • Display name to be used with the EIC code, maximum 14 characters (the total display name length is 16 characters, as the LIO adds its two‑character LIO number as a prefix)
  • Business ID (VAT code)
  • Company postal address
  • Contact details related to the EIC code: contact person’s name, phone number and email address
  • Market role: shipper or trader
  • Extract from the Trade Register

Please note that the transmission system operator responsible for the Finnish gas market reports all EIC‑X codes it issues, together with the information provided by the applicants, to ENTSO‑E’s Central Issuing Office (CIO), whereby the EIC code becomes international. Please also note that the EIC is solely a code related to data exchange and does not guarantee the right to operate in energy markets.