0869 - Revision to the Calculation Methodology of the Security Amount for Planning and Advanced Reservation of Capacity Agreement (PARCA)

Last updated: 
25 June, 2024
Current version
1.0
Proposer
National Gas
Impacted codes
Uniform Network Code (UNC) Transportation Principal Document (TPD) Section Y
Modification type
Self-Governance
Status:
Allocated to Workgroup
Impact:
Low impact: National Gas Transmission, Shippers

This Modification would revise the price used in the calculation of the Security Amount for reservation of Capacity through a Planning and Advanced Reservation of Capacity Agreement (PARCA) from a Weighted Average Price (WAP) for Entry and Exit sites to the Reserve Price. This will ensure the Security Amount reflects the current Reserve Price determination rather than an average of geographically different prices that are no longer applicable.

Timeline

Raised
Yes
11/03/2024
Panel Assessment
Yes
21/03/2024
Workgroup Report Due
Unset
15/08/2024
Consultation
Unset
16/08/2024
06/09/2024
Consultation - Final Modification Report
Unset
11/09/2024
Panel Decision
Unset
19/09/2024
Implementation
Unset
Withdrawn
Proposer