Trading products on GasForward Market
In this market, medium and long term products are traded on the basis of a standard contract.
Trading products on Day Ahead Market for Natural Gas
On spot markets, the closing price of the market (spot price) determines the price at which natural gas will be sold or bought for the next day, when settlement and delivery will take place.
Trading products on Intra-Day Market for Natural Gas
Intra-day market for natural gas is part of the natural gas spot market, being dedicated to natural gas transactions for each day of delivery starting at 7AM and ending at 7AM in the next day, so that market participants can adjust their trading portfolio depending on the quantities contracted through bilateral contracts and the consumption forecast. Therefore, it represents a flexible instrument for balancing the surplus or deficit of natural gas. The closing price of the market determines the price of imbalance.
The Balancing Market is a centralized market managed by BRM, which purpose is to ensure the trading of imbalances in the regulated market on day D + 2, reducing the imbalances to zero.