0832S - Introducing additional flexibility to change the NTS large price step for Ascending Clock Auctions at IPs

Last updated: 
26 October, 2023
Proposer
National Grid Gas
Impacted codes
None
Modification type
Self-Governance
Status:
Implemented
 06/04/2023
Implementation date
Impact:
Low impact: National Gas Transmission, Shippers

This Modification Proposal seeks to improve Ascending Clock Auctions for IP Capacity by providing additional flexibility to change the percentage of the Reserve Price used to determine the NTS large price step when it is deemed appropriate to do so.

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Timeline

Raised
Yes
01/11/2022
Status

Pre-Modification Discussed

Panel Assessment
Yes
17/11/2022
Status
New Modification to be considered by Panel
Workgroup Report Due
Yes
06/12/2022
Status

First Workgroup Meeting


Consultation
Completed
16/02/2023
09/03/2023
Consultation - Final Modification Report
Yes
14/03/2023
Status

Final Modification Report available for Panel (at short notice)


Panel Decision
Yes
16/03/2023
Status

Modification Panel decision

Implementation
Completed
06/04/2023