Products

Products offered by Nord Pool Gas are:

·         Day Contracts

·         Swap Contracts

·         Balance of Month Contracts

·         Month Contracts

Day contracts

Day contracts enable the market participants to trade gas with physical delivery on the following gas day.

The day contracts can be traded three (3) days ahead and terminates the day before delivery at 01:00 PM.

Swap Contracts

Swap contracts enable market participants to trade gas with physical delivery in Denmark and the opposite position in Germany within one trade. 

If a market participant places a bid, the market participant indicates a wish to buy the specified amount of gas in Denmark and sell the same amount in Germany. An aggressor on this bid buys the specified amount of gas in Germany and sells the same amount in Denmark. 

If a market participant places an ask, the market participant indicates a wish to sell the specified amount of gas in Denmark and buy the same amount in Germany. An aggressor on this bid buys the specified amount of gas in Germany and sells the same amount in Denmark. 

Swap contracts are tradable three (3) days ahead and terminates the day before delivery at 01:00 PM.

Balance of Month Contracts

Balance of Month contracts enable market participants to trade gas with physical delivery each gas day for the rest of the present month.

Month contracts

Month contracts enable market participants to trade gas with physical delivery each gas day for the entire month ahead.

The following applies for the products offered at Nord Pool Gas:

Bid and order type

All sell/purchase bids can be specified as the type “Fill” or “All-or-Nothing”. With the type “Fill” entered into the trading system; a counterparty can choose to match part or the whole volume submitted into the trading system – in order to match the transaction. With the type of “All-or Nothing” the whole volume of an order has to be accepted before a transaction can be matched.

Trading Product

• Delivery or purchase of H-gas defined by ENDK.
• European gas day from 06:00 AM - 06:00 AM.
• The delivery point of Day contracts, Month contracts and Balance of Month contracts is NPTF - a virtual trading point.
• The delivery points of swap contracts are NPTF and Gaspool Hub.

Trading unit

• 1 MW output of H-gas delivered from 06:00 AM - 06:00 AM.
• The total amount of gas is 24 MWh per delivery day based in a 1MW contract.

Trading hours

• 9:00 AM - 03:00 PM.

Trading and clearing system

• Electronic real-time trading system.
• Nord Pool Gas will be the counterpart.

Currency

• The trading currency is Euro.

Tick size

• Minimum 0.01 MWh for sell/purchase bids.

Security

•  A variable security based on historical data.

Trading and clearing fees

• 0.03 €/MWh paid by both seller and buyer.
• For the swap 0.03€/MWh is paid for all buys and sells meaning 0.06€/MWh is paid by both counterparties in the swap.