MIBGAS and REN submit a schedule for the launch of the organised natural gas market in Portugal in March 2021

MIBGAS, the Iberian natural gas market operator, and REN, the technical administrator of the Portuguese system, have just published a joint schedule for the launch of the organised natural gas market in Portugal. This document has been sent to market agents in Portugal and to active participants of MIBGAS.

ERSE Directive No. 14/2020, published in Diário da República, on 30 September, approving the negotiating rules for products with delivery at the VTP (Virtual Trading Point) and associated procedures, established that MIBGAS and the technical administrator of the Portuguese system should submit a schedule for the implementation of the organised market in Portugal,

The two entities have drawn up a plan, split into different phases, which, according to the schedule agreed by both companies, will conclude with the launch of the market on 16 March 2021.

The implementation plan is shown below and is also available on the websites of both companies.

calendario_REN_MIBGAS