GAZ-SYSTEM amends the General Terms and Conditions of the Transmission Contract
The new General Terms and Conditions of the Transmission Contract will apply as of 1 November 2020. The amendments are aimed at increasing the protection of the interests of gas market participants and customers through reducing the risk of incurring imbalance costs in the transmission system.
The provisions of the new GTC have been adapted to accommodate the changes introduced by virtue of the decision of the President of the Energy Regulatory Office of 27 May 2020 on approving the “Mechanism ensuring cost neutrality of balancing measures of Operator Gazociągów Przesyłowych GAZ-SYSTEM S.A.”.
The most important changes in the new GTC pertain to financial security and settlement rules. They include introduction of the minimum Financial Security amount of PLN 150,000 with respect to System Users holding Transmission Ability Allocation (PZ) under transmission contracts, and of the principle of increased Financial Security for resumption of transmission services.
Detailed information on the changes is available here.
