Clearing Circular 35/2020 | Implementation of new financial settlement procedures for gas volumes delivered on the Spanish PVB hub

    As off 1 st October 2020, ECC withholds financial settlement payments for natural gas spot and futures transactions with delivery in the Spanish Gas Transmission System (PVB) of the Spanish TSO (“Enagas GTS”) in accordance with the Spanish gas market regulation until authorisation of Enagas GTS. This regulatory change affects all financial settlement procedures for gas days starting delivery after 1 st October 2020 at 06:00 CET for all selling positions on gas products traded on the EEX PVB market, even if those trades were closed before 1st October 2020.

    The reference documents from the regulator and the TSO can be found below.

    Eileen Hieke

    Senior Public Relations Officer

    +49 341 2156-216

    Clara Steffes

    Marketing Officer

    +49 341 2156 - 393

    Michael Mervyn-Jones

    Expert Public Relations

    +44 207 862 7568

    Benjamin Durand

    Senior Public Relations Officer