Fee Overview CEGH OTC Market
CEGH New OTC Fee Model
The launch of the new Austrian Gas Market Model in January 2013 has brought a lot of changes for gas trading at the Central European Gas Hub (CEGH). An entry/exit-system with the establishment of the Virtual Trading Point (VTP) made trading more convenient for our customers. Traded volumes at CEGH developed excellently, with an all-time high of monthly net traded volume of 51.79 TWh in October 2013.
Following a public market consultation, CEGH will adopt its General Terms and Conditions and implement a revised fee schedule for its OTC Title Transfer Services:
The Title Transfer Fees will be generally reduced (0.012 €/MWh up to 10 Million MWh, and 0.006 €/MWh for traded volumes exceeding 10 Million MWh). The monthly flat fee will include a free trading volume of 21,900 MWh per calendar month. The reduced Title Transfer Fees will be applicable as of 1 April 2014
New fee model by 1 April 2014:
|One-off CEGH OTC registration fee||€||1,000|
|Flat title transfer service fee||€ p.m.||1,000|
|(only in months with trading, incl. 21,900 MWh free trading volume per month active)|
|Variable title transfer service fee|
|MWh 0 – 10,000,000.000*||€/MWh||0.012|
|MWh > 10,000,000.000*||€/MWh||0.006|
*) of total aggregated volume during each full 12 month period
The new fee model is implemented in Appendix C of the CEGH General Terms and Conditions.
Additionally CEGH has updated provisions on delivery of invoices (which can now be sent via post / fax / e-mail)