Gas trading platform energy exchange launch in January

The Greek energy exchange is set for an expansion in January to also cover the country’s natural gas market with the introduction of a new trading platform for the sector, the president of RAE, the Regulatory Authority for Energy, Thanasis Dagoumas, has told the 1st Annual Regional Conference, organized by Eurogas with support from gas company DEPA Commercial.

RAE has already approved the new platform’s rules and plans to soon take all other regulatory decisions required, the RAE chief official noted.

The new trading platform is expected to offer intraday and day-ahead products covering three-day periods. It will also facilitate balancing market gas trading to cover grid transmission needs.

As a next step, further ahead, authorities plan to also establish a market for gas producers, offering players greater security through hedging options.