The improvements of the Organised Gas Market Rules will enter into force tomorrow, March 1st.

As of tomorrow, MIBGAS will make a series of improvements of the Organised Gas Market Rules, among them are the inclusion of the Weekend product, the extension of the Trading Session hours, the new methodology in the Last Daily Price calculation and the clearing of Balance of Month (BOM) and Month Ahead (M+1) products by OMIClear. These modifications of the Organised Gas Market Rules were approved by the Resolution of the Energy Secretariat of State on December 21st.

MIBGAS introduces the Weekend product to standardise its products in line with European markets and, with the extension of trading hours the Agents will have more flexibility to adjust their balance and also they will improve the coordination with the power market. Furthermore, the use of a clearing house will contribute to facilitate guarantee management of future gas products.