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  1. #2606181

    Amhail ón lá tar éis an fógra ceartúcháin margaidh a fhoilsiú, ní ghlacfaidh oibreoirí margaidh agus ní chuirfidh rannpháirtithe sa mhargadh díorthach TTF orduithe isteach le haghaidh díorthaigh TTF atá le dul in éag sa tréimhse ó dháta éaga dhíorthach TTF go dtí dáta éaga dhíorthach TTF na bliana is túisce le praghsanna EUR 35 os cionn an phraghais tagartha a d’fhoilsigh ACER an lá roimhe sin (“teorainn dhinimiciúil tairisceana”).

    As from the day after the publication of a market correction notice, market operators shall not accept and TTF derivatives market participants shall not submit orders for TTF derivatives that are due to expire in the period from the expiry date of the front-month TTF derivative to the expiry date of the front-year TTF derivative with prices of EUR 35 above the reference price published by ACER on the previous day (‘dynamic bidding limit’).

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  2. #2741805

    Nuair a tharlaíonn teagmhas ceartúcháin margaidh, leagann an Rialachán maidir leis an MCM teorainn tairisceana dhinimiciúil síos, ar dá réir nár cheart d’oibreoirí margaidh glacadh le horduithe le haghaidh díorthaigh TTF atá le dul in éag le linn na tréimhse ó dháta éaga dhíorthach TTF na míosa tosaigh go dtí dáta éaga dhíorthach TTF na bliana tosaigh ar a bhfuil praghsanna EUR 35/MWh os cionn an phraghais tagartha a d’fhoilsigh ACER an lá roimhe sin, agus nár cheart do rannpháirtithe i margadh dhíorthach TTF orduithe a chur isteach le haghaidh na ndíorthach sin.

    Upon the occurrence of a market correction event, the MCM regulation sets a dynamic bidding limit, according to which market operators should not accept and TTF derivatives market participants should not submit orders for TTF derivatives that are due to expire in the period from the expiry date of the front-month TTF derivative to the expiry date of the front-year TTF derivative with prices of EUR 35/MWh above the reference price published by ACER on the previous day.

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

  3. #2240861

    In 2018, rinneadh 28220 TWh a thrádáil ar TTF.

    In 2018, 28220 TWh were traded on the TTF.

    Commission Decision (EU) 2022/444 of 28 June 2021 on the state aid scheme SA.49414 (2020/C) (ex 2019/NN) implemented by France in favour of operators of natural gas storage infrastructure (notified under document C(2021)4494) (Only the French text is authentic) (Text with EEA relevance)

  4. #2526894

    “TTFG” – TTF

    ‘TTFG’ – TTF

    Commission Implementing Regulation (EU) 2022/1860 of 10 June 2022 laying down implementing technical standards for the application of Regulation (EU) No 648/2012 of the European Parliament and of the Council with regard to the standards, formats, frequency and methods and arrangements for reporting (Text with EEA relevance)

  5. #2606034

    Dá bhrí sin, bíonn praghsanna TTF níos airde de ghnáth ná na praghsanna a chuirtear san áireamh don phraghas tagartha.

    TTF prices are therefore usually higher than the prices taken into account for the reference price.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  6. #2606153

    ciallaíonn “díorthach TTF na míosa is túisce” díorthach TTF arb é a dháta éaga an dáta is gaire i measc na ndíorthach a bhfuil aibíocht 1 mhí amháin acu a thrádáiltear ar mhargadh rialáilte ar leith;

    ‘front-month TTF derivative’ means a TTF derivative whose expiration date is the nearest among the derivatives with a one-month maturity traded on a given regulated market;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  7. #2606154

    ciallaíonn “díorthach TTF na bliana is túisce” díorthach TTF arb é an dáta éaga is gaire i measc na ndíorthach a bhfuil aibíocht 12 mhí acu a thrádáiltear ar mhargadh rialáilte ar leith;

    ‘-front-year TTF derivative’ means a TTF derivative whose expiration date is the nearest among the derivatives with twelve months maturity traded on a given regulated market;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  8. #2606180

    Déanfaidh oibreoirí margaidh rialáilte i margadh díorthach TTF agus rannpháirtithe sa mhargadh díorthach TTF faireachán ar shuíomh gréasáin ACER ar bhonn laethúil.

    Market operators on the TTF derivatives market and TTF derivatives market participants shall monitor the website of ACER on a daily basis.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  9. #2606223

    ar tháinig laghdú suntasach ar idirbhearta díorthach TTF laistigh den Aontas mar thoradh ar an sásra ceartúcháin margaidh, nó ar tháinig athrú suntasach ar idirbhearta díorthach TTF chuig ionaid trádála lasmuigh den Aontas.

    the MCM led to a significant decrease in TTF derivatives transactions within the Union, or to a significant shift of TTF derivative transactions to trading venues outside the Union;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  10. #2606254

    conarthaí maidir le díorthaigh TTF a thugtar i gcrích roimh 1 Feabhra 2023;

    TTF derivative contracts concluded before 1 February 2023;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  11. #2606255

    ceannach agus díol dhíorthaigh TTF chun conarthaí maidir le díorthaigh TTF arna dtabhairt i gcrích roimh 1 Feabhra 2023 a fhritháireamh nó a laghdú;

    buying and selling of TTF derivatives in order to offset or reduce TTF derivatives contracts concluded before 1 February 2023;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  12. #2606263

    Maidir le gás, cuireann sé trádáil rialáilte todhchaíochtaí agus roghanna ar fáil do mhol trádála TTF na hÍsiltíre.

    For gas, it provides regulated futures and options trading for the Dutch TTF trading hub.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  13. #2741801

    Ar an gcéad dul síos, má chuirtear i gcomparáid le díorthach TTF iad, ní bhíonn go leor de na díorthaigh atá nasctha le VTPanna seachas TTF chomh leachtach céanna.

    First, if compared to the TTF derivative, many of the derivatives linked to VTPs other than TTF are less liquid.

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

  14. #2803474

    bhí meánphraghas gáis TTF don sé mhí féilire dar críoch 30 Meitheamh 2026 níos airde ná an meánphraghas gáis TTF i mí Feabhra agus i mí an Mhárta 2022;

    the average TTF gas price for the six calendar months ending 30 June 2026 was higher than the average TTF gas price in February and March 2022;

    Directive (EU) 2023/959 of the European Parliament and of the Council of 10 May 2023 amending Directive 2003/87/EC establishing a system for greenhouse gas emission allowance trading within the Union and Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading system (Text with EEA relevance)

  15. #2605971

    Rinneadh Todhchaíochtaí Gáis Shaoráid Aistrithe Teidil (TTF) na hÍsiltíre (táirgí 3 mhí/ráithiúla) a thrádáiltear ar an malartán ICE Endex a thrádáil ag leibhéil beagán faoi bhun EUR 350/MWh agus shroich gás lá roimh ré TTF a thrádáiltear ar Malartán Fuinnimh na hEorpa EUR 316/MWh.

    Dutch Title Transfer Facility (TTF) Gas Futures (3-month/quarterly products) that are traded on the ICE Endex exchange have been traded at levels slightly below EUR 350/MWh and the TTF day-ahead gas that is traded on European Energy Exchange hit EUR 316/MWh.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  16. #2605985

    Léirítear leis an mbearna neamhghnách idir TTF agus moil réigiúnacha eile i mí Lúnasa 2022 go bhféadfadh sé, faoi na himthosca sonracha sa mhargadh faoi láthair, nach bhfuil TTF ina fhoinse mhaith seachshonraí maidir le staid an mhargaidh lasmuigh d’Iarthuaisceart na hEorpa, áit a bhfuil srianta bonneagair ag bagairt ar na margaí.

    The abnormal spread between the TTF and other regional hubs in August 2022 indicates that, under the current specific market circumstances, the TTF may not be a good proxy of the market situation outside North-Western Europe, where markets are facing infrastructure constraints.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  17. #2605987

    Cé go mbaineann TTF a chuspóir amach fós maidir leis an soláthar agus an t-éileamh a chothromú in Iarthuaisceart na hEorpa, tá gá le gníomhaíocht chun teorainn a chur leis an éifeacht a bhíonn ag babhtaí neamhghnácha praghsanna TTF as cuimse ard ar mhargaí réigiúnacha eile san Aontas.

    Whilst the TTF still accomplishes its objective of balancing supply and demand in North-Western Europe, action is required to limit the effect of any abnormal episodes of excessively high TTF prices for other regional markets in the Union.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  18. #2605991

    Toisc nach ionann ábharthacht reatha na dtagairtí praghais a bhaineann le Todhchaíochtaí Gáis TTF agus an ábharthacht a bhí acu san am atá caite agus toisc nach féidir a áirithiú go bhfuil siad ionadaíoch ó thaobh staid an mhargaidh gáis lasmuigh d’Iarthuaisceart na hEorpa, féadfaidh ceannaitheoirí áirithe féachaint le haghaidh a thabhairt ar na fadhbanna atá ann faoi láthair maidir le praghasmhúnlú agus tagarmharc TTF a réiteach trí bhíthin athchaibidliú lena gcomhpháirtithe conartha, bíodh sin faoi théarmaí sainráite an chonartha atá ann cheana nó de réir phrionsabail ghinearálta dhlí na gconarthaí.

    As price references linked to TTF Gas Futures have a different relevance than in the past and are not necessarily representative of the gas market situation outside North-Western Europe, certain purchasers may seek to address the current issues with price formation and the TTF benchmark by way of a renegotiation with their contract partners, either under the explicit terms of the existing contract or according to the general principles of contract law.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  19. #2606105

    Dá bhrí sin, ba cheart don Choimisiún MCM a chur ar fionraí láithreach má chuireann sé feidhmiú ordúil mhargadh na ndíorthach i mbaol, mar shampla i gcás ina dtagann laghdú suntasach ar idirbhearta dhíorthaigh TTF laistigh den Aontas nó aistriú suntasach idirbhearta dhíorthaigh TTF chuig ionaid trádála lasmuigh den Aontas.

    Therefore, the Commission should immediately suspend the MCM if it jeopardises the orderly functioning of the derivatives market, for instance where it leads to a significant decrease in TTF derivatives transactions within the Union or to a significant shift of TTF-derivative transactions to trading venues outside the Union.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  20. #2606150

    ciallaíonn “díorthach TTF” díorthach tráchtearraí mar a shainmhínítear in Airteagal 2(1), pointe (30), de Rialachán (AE) Uimh. 600/2014 ó Pharlaimint na hEorpa agus ón gComhairle, a thrádáiltear ar mhargadh rialáilte arb é a bhunionstraim idirbheart sa Saoráie Aistrithe Teideal (TTF), pointe trádála fíorúil arna oibriú ag Gasunie Transport Services B.V.;

    ‘TTF derivative’ means a commodity derivative as defined in Article 2(1), point (30), of Regulation (EU) No 600/2014 of the European Parliament and of the Council, traded on a regulated market, the underlying of which is a transaction in the Title Transfer Facility (TTF), a virtual trading point operated by Gasunie Transport Services B.V.;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  21. #2606202

    an ndéantar difear, ar bhonn tuarascála ó ESMA ar thionchar ghníomhachtú MCM ag ESMA agus ar bhonn comhairle ar bith ó BCE arna iarraidh ag an gCoimisiún chun na críche sin, do chobhsaíocht agus d’fheidhmiú ordúil mhargaí na ndíorthach fuinnimh, go háirithe; i gcás ina dtagann méadú suntasach ar ghlaonna ar chorrlaigh nó laghdú suntasach in idirbhearta dhíorthaigh TTF laistigh den Aontas in aon mhí amháin, i gcomparáid leis an mí chéanna den bhliain roimhe sin nó le hathrú suntasach ar idirbhearta dhíorthaigh TTF chuig ionaid trádála lasmuigh den Aontas.

    affects, on the basis of ESMA’s report on the impact of the activation of the MCM by ESMA and any advice of the ECB requested by the Commission for that purpose, the stability and orderly functioning of energy derivative markets, in particular; where it leads to a significant increase of margin calls or a significant decrease in TTF derivatives transactions within the Union in one month, compared to the same month of the previous year or to a significant shift of TTF-derivative transactions to trading venues outside the Union;

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  22. #2741798

    Gníomhachtaítear an MCM le haghaidh dhíorthaigh TTF nuair a tharlaíonn teagmhas ceartúcháin margaidh, is é sin, nuair a théann praghas socraíochta dhíorthach TTF na míosa tosaigh, arna fhoilsiú ag ICE Endex B.V., thar EUR 180/MWh agus nuair atá sé EUR 35 níos airde ná an praghas tagartha ar 3 lá oibre.

    The MCM for TTF derivatives activates when a market correction event occurs, that is, when the front-month TTF derivative settlement price, as published by ICE Endex B.V., exceeds EUR 180/MWh and is EUR 35 higher than the reference price for three working days.

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

  23. #2802958

    (ah) chun críocha Chaibidil IVa, ciallaíonn ‘praghas gáis TTF’ praghas an chonartha mí chun tosaigh le haghaidh todhchaíochtaí gáis arna thrádáil ag Pointe Trádála Fíorúil na Saoráide Aistrithe Teidil (TTF), arna oibriú ag Gasunie Transport Services B.V.;

    (ah) “TTF gas price” for the purposes of Chapter IVa means the price of the gas futures month-ahead contract traded at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services B.V.;

    Directive (EU) 2023/959 of the European Parliament and of the Council of 10 May 2023 amending Directive 2003/87/EC establishing a system for greenhouse gas emission allowance trading within the Union and Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading system (Text with EEA relevance)

  24. #3151836

    Ós rud é gur margadh aonair é an tAontas agus go meastar gurb é TTF san Ísiltír an fhoinse ‘caighdeánach’ seachphraghasanna ar mhargaí gáis na hEorpa, bheadh iarmhairtí tromchúiseacha ag praghsanna arda gáis ar na díorthaigh a bhaineann le TTF i ngach Ballstát, ach bheadh a dhéine sin difriúil ag brath ar an mBallstát féin.

    Since the Union is a single market and the TTF in the Netherlands is commonly seen as the ‘standard’ pricing proxy on European gas markets, high gas prices for the derivatives linked to the TTF would have severe consequences in all Member States, although possibly to different degrees depending on the Member State.

    Council Regulation (EU) 2023/2920 of 21 December 2023 amending Regulation (EU) 2022/2578 as regards the prolongation of its period of application

  25. #2417800

    Ar bhonn phraghas todhchaíochtaí gáis TTF na hÍsiltíre, arb é an praghas seachadta é ag an tSaoráid Aistrithe Teideal san Ísiltír.

    Based upon the price of Dutch TTF Gas futures, which is the delivery price at the Title Transfer Facility in the Netherlands.

    Commission Implementing Decision (EU) 2022/2070 of 26 October 2022 to not suspend the definitive anti-dumping duties on imports of mixture of urea and ammonium nitrate originating in Russia, Trinidad and Tobago and the United States of America imposed by Implementing Regulation (EU) 2019/1688

  26. #2417801

    Is é TTF na hÍsiltíre an t-innéacs margaidh a úsáideann an Banc Domhanda chun an praghas gáis stairiúil a ríomh.

    Dutch TTF is also the market index is used by the World Bank to calculate historical gas price.

    Commission Implementing Decision (EU) 2022/2070 of 26 October 2022 to not suspend the definitive anti-dumping duties on imports of mixture of urea and ammonium nitrate originating in Russia, Trinidad and Tobago and the United States of America imposed by Implementing Regulation (EU) 2019/1688

  27. #2605302

    I dteannta an scoradáin chiorcaid agus an tagarmhairc GNL, tá idirghabhálacha eile ar fáil lena n-áirítear conair praghsanna dhinimiciúil shealadach, mar a iarradh sna conclúidí ón gComhairle Eorpach an 20 agus an 21 Deireadh Fómhair 2022, agus na coimircí seo a leanas á gcur san áireamh: ba cheart feidhm a bheith aici maidir le hidirbhearta gáis nádúrtha i bPointe Trádála Fíorúil na Saoráide Aistrithe Teidil (TTF), arna oibriú ag Gasunie Transport Services B.V.; féadfar moil trádála gáis eile de chuid an Aontais a nascadh le spotphraghas ceartaithe TTF trí chonair praghsanna dhinimiciúil shealadach; agus ba cheart go mbeadh sí gan dochar do thrádálacha gáis thar an gcuntar, níor cheart go gcuirfeadh sí slándáil soláthair gáis an Aontais i mbaol, ba cheart go mbeadh sí ag braith ar an dul chun cinn atá déanta maidir leis an sprioc maidir le coigilteas gáis a chur chun feidhme, níor cheart méadú foriomlán ar thomhaltas gáis a bheith mar thoradh uirthi, ba cheart í a cheapadh ar bhealach nach gcuirfidh sí cosc ar shreabha gáis margadhbhunaithe laistigh den Aontas, níor cheart go ndéanfadh sí difear do chobhsaíocht ná d’fheidhmiú ordúil na margaí díorthach fuinnimh, agus ba cheart go gcuirfí san áireamh léi praghsanna an mhargaidh gáis sna margaí eagraithe éagsúla ar fud an Aontais.

    In addition to the circuit breaker and the LNG benchmark other interventions are available including a temporary dynamic price corridor, as requested in the conclusions of the European Council of 20 and 21 October 2022, taking into account the following safeguards: it should apply to natural gas transactions in the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gasunie Transport Services B.V.; other Union gas trading hubs may be linked to the corrected TTF spot price via a temporary dynamic price corridor; and it should be without prejudice to over-the-counter gas trades, should not jeopardise the Union’s security of gas supply, should depend on progress made in implementing the gas savings target, should not lead to an overall increase in gas consumption, should be designed in such a manner that it will not prevent market-based intra-EU flows of gas, should not affect the stability and orderly functioning of energy derivative markets and should take into account the gas market prices in the different organised market places across the Union.

    Council Regulation (EU) 2022/2576 of 19 December 2022 enhancing solidarity through better coordination of gas purchases, reliable price benchmarks and exchanges of gas across borders

  28. #2605977

    Cé gurb ann do dhíorthaigh a bhaineann le pointí trádála fíorúla (“VTPanna”) eile, meastar go coitianta gurb é TTF san Ísiltír an seachfhreastalaí praghsála “caighdeánach” ar mhargaí gáis na hEorpa.

    While derivatives relating to other virtual trading point (‘VTPs’) exist, the TTF in the Netherlands is commonly seen as the ‘standard’ pricing proxy on European gas markets.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  29. #2605990

    Féidearthacht amháin atá ann do chuideachtaí Eorpacha a ndéanann na suaití sa mhargadh le déanaí agus easnaimh an chórais praghasmhúnlaithe difear dóibh ná dul i mbun athchaibidliú maidir leis na conarthaí TTF-bhunaithe atá ann cheana.

    A possibility for European companies affected by the recent market disruptions and by deficiencies in the price formation system is to enter into a renegotiation of the existing TTF-based contracts.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  30. #2606006

    Ar thaobh amháin, ba cheart na coimircí seo a leanas a mheas agus MCM á dhearadh agus ar an taobh eile, ba cheart iad a úsáid chun a ráthú go gcuirfear deireadh le gníomhachtú féideartha MCM mura bhfuil na coinníollacha chun é a ghníomhachtú i bhfeidhm a thuilleadh nó má tharlaíonn suaití neamhbheartaithe sa mhargadh: ba cheart feidhm a bheith ag MCM maidir le hidirbhearta gáis nádúrtha i bpointe trádála fíorúil TTF, arna oibriú ag Gasunie Transport Services B.V.; féadfar moil trádála gáis eile de chuid an Aontais a nascadh le spotphraghas ceartaithe TTF trí phraghasraon dinimiciúil; ba cheart dó a bheith gan dochar do thrádálacha gáis thar an gcuntar (“OTC”); níor cheart dó cinnteacht soláthair gáis an Aontais a chur i mbaol; níor cheart dó a bheith ag brath ar an dul chun cinn atá déanta maidir leis an sprioc maidir le coigilteas gáis a chur chun feidhme; níor cheart méadú foriomlán ar thomhaltas gáis a bheith mar thoradh air; níor cheart é a cheapadh ar bhealach nach gcuirfidh sé cosc ar shreabha gáis margadhbhunaithe laistigh den Aontas; níor cheart dó difear a dheanamh do chobhsaíocht ná d’fheidhmiú ordúil na margaí díorthach fuinnimh, agus níor cheart a chur san áireamh léi praghsanna an mhargaidh gáis sna margaí eagraithe éagsúla ar fud an Aontais.

    The following safeguards should, on the one hand, be considered when designing the MCM and, on the other hand, be used to guarantee that possible activation of the MCM will be terminated if the conditions for its activation are no longer in place or if unintended market disturbances occur: the MCM should apply to natural gas transactions in the TTF, a virtual trading point operated by Gasunie Transport Services B.V.; other Union gas trading hubs may be linked to the corrected TTF spot price via a dynamic price corridor; it should be without prejudice to over-the-counter (‘OTC’) gas trades; it should not jeopardise the Union’s security of gas supply; it should not depend on progress made in implementing the gas savings target; it should not lead to an overall increase in gas consumption; it should be designed in such a manner that it would not prevent market-based intra-Union flows of gas; it should not affect the stability and orderly functioning of energy derivative markets; and it should take into account the gas market prices in different organised marketplaces across the Union.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  31. #2606012

    Mar sin féin, tá cur i bhfeidhm MCM maidir le díorthaigh atá nasctha le VTPanna seachas TTF casta agus ní mór ullmhúchán teicniúil breise a dhéanamh ina leith.

    However, the application of the MCM to derivatives linked to VTPs other than TTF is complex and requires additional technical preparation.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  32. #2606032

    Is amhlaidh atá go háirithe toisc go léiríonn an praghas tagartha praghsanna ag suíomhanna éagsúla seachas TTF agus VTPanna eile san Aontas.

    This is mainly because the reference price reflects prices at different locations than the TTF and other VTPs in the Union.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  33. #2606033

    Mar shampla, ní chuirtear san áireamh iontu na costais a bhaineann le plódú bonneagair a d’fhéadfadh a bheith ann nuair a aistrítear an gás ón gcríochfort GNL go dtí an áit a bhfuil mol TTF lonnaithe.

    For instance, they do not take into account the costs related to possible infrastructure congestions faced when moving gas from the LNG terminal to where the TTF hub is located.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  34. #2606035

    Ba cheart, dá bhrí sin, préimh shlándáil an tsoláthair a chur ar an bpraghas tagartha chun an praghas ceartaithe dhíorthaigh TTF a ríomh.

    Security of supply premium should therefore be put on the reference price for the calculation of the corrected TTF-derivative price.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  35. #2606050

    Léiríonn na sonraí atá ar fáil gur i mí Lúnasa 2022, shroich praghsanna do dhíorthaigh TTF na míosa is túisce leibhéil os cionn EUR 180/MWh.

    Available data show that in August 2022, the front-month prices for TTF-derivatives reached levels above EUR 180/MWh.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  36. #2606052

    Thairis sin, níor cheart MCM a ghníomhachtú ach amháin nuair a shroicheann praghsanna TTF leibhéil atá an-ard agus neamhghnách i gcomparáid le praghsanna GNL, rud a léiríonn treochtaí margaidh domhanda.

    Moreover, the MCM should only be activated when TTF prices reach levels which are significantly and abnormally high compared to LNG prices which reflect world market trends.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  37. #2606054

    Dá bhrí sin, níor cheart MCM a spreagadh ach amháin i gcásanna ina bhfuil praghsanna TTF go mór os cionn praghsanna na margaí domhanda thar thréimhse fhada.

    Therefore, the MCM should only be triggered in situations where TTF prices are significantly higher than prices on global markets over a longer duration.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  38. #2606055

    Ar an gcaoi chéanna, dá ndéanfaí an difríocht le praghsanna TTF a laghdú nó a chur ar ceal, ba cheart MCM a dhíghníomhachtú, chun aon riosca do shlándáil an tsoláthair a sheachaint.

    Likewise, if the difference to TTF prices were to reduce or disappear, the MCM should be deactivated, in order to avoid any risk for security of supply.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  39. #2606072

    An lá dár gcionn, níor cheart d’oibreoirí margaidh rialáilte glacadh le haon orduithe atá os cionn na teorann dinimiciúla tairisceana agus níor cheart do rannpháirtithe sa mhargadh díorthach TTF orduithe den sórt sin a thíolacadh.

    The following day, market operators should not accept any orders above the dynamic bidding limit and TTF derivatives market participants should not submit such orders.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  40. #2606073

    Ba cheart d’oibreoirí margaidh rialáilte agus do rannpháirtithe i margadh dhíorthaigh TTF faireachán a dhéanamh ar shuíomh gréasáin ACER ar cheart an praghas tagartha laethúil a fhoilsiú air.

    Market operators and TTF derivatives market participants should monitor the website of ACER where the daily reference price should be published.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  41. #2606120

    I bhfianaise a phráinní atá sé aghaidh a thabhairt ar na fadhbanna, go háirithe i socrú praghsanna dhíorthaigh TTF san Aontas, tá sé ríthábhachtach MCM margaidh a chur chun feidhme go pras.

    Given the urgent need to address the problems notably in TTF-derivatives price setting in the Union, a swift implementation of the MCM is crucial.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  42. #2606127

    Tá ról lárnach ag contrapháirtithe lárnacha (CPLanna) imréitigh maidir le feidhmiú ordúil margaí dhíorthaigh TTF a áirithiú trí riosca contrapháirtí a mhaolú.

    CCPs play a key role in assuring the orderly functioning of markets for TTF derivatives by mitigating counterparty risk.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  43. #2606130

    Tá MCM riachtanach agus comhréireach chun an cuspóir a bhaint amach maidir le praghsanna gáis as cuimse ard a cheartú ag TTF agus díorthaigh atá nasctha le VTPanna eile.

    The MCM is necessary and proportionate in achieving the objective of correcting excessively high gas prices at the TTF and derivatives linked to other VTPs.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  44. #2606167

    Déanfaidh ACER faireachán leanúnach ar fhorbairt an phraghais tagartha, ar phraghas socraíochta dhíorthaigh TTF na míosa is túisce, agus ar phraghas socraíochta díorthach míosa is túisce na ndíorthach atá nasctha le VTPanna eile.

    ACER shall constantly monitor the development of the reference price and the front-month TTF derivative settlement price, and the front-month derivative settlement price of derivatives linked to other VTPs.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  45. #2606174

    Déanfar MCM a ghníomhachtú i gcás ina dtarlóidh teagmhas ceartúcháin margaidh.

    The MCM for the front-year TTF derivative settlement price shall be activated when a market correction event occurs.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  46. #2606175

    Measfar go dtarlóidh teagmhas ceartúcháin margaidh nuair atá praghas socraíochta díorthach TTF don mhí thosaigh, arna fhoilsiú ag ICE Endex B.V. (an Ísiltír):

    A market correction event shall be considered to occur when the front-month TTF derivative settlement price, as published by ICE Endex B.V. (the Netherlands):

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  47. #2606256

    ceannach agus díol TTF mar chuid de CCP um bainistiú an chontrapháirtí lárnaigh imréitigh lena n-áirítear trádálacha OTC atá cláraithe sa mhargadh rialáilte chun críoch imréitigh.

    buying and selling of TTF derivatives as part of a CCP default management procedure, including OTC trades registered in the regulated market for clearing purposes.

    Council Regulation (EU) 2022/2578 of 22 December 2022 establishing a market correction mechanism to protect Union citizens and the economy against excessively high prices

  48. #2741784

    maidir leis an sainmhíniú ar shonraí teicniúla chur i bhfeidhm an tsásra ceartúcháin margaidh maidir le díorthaigh atá nasctha le pointí trádála fíorúla san Aontas seachas an tSaoráid Aistrithe Teidil

    on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

  49. #2741791

    De bhun Airteagal 1 den Rialachán maidir leis an MCM, tá feidhm ag an MCM maidir le horduithe a dhéantar chun TTF agus díorthaigh atá nasctha le pointí trádála fíorúla eile atá lonnaithe san Aontas a thrádáil.

    Pursuant to Article 1 of the MCM Regulation, the MCM applies to orders placed for trading TTF and derivatives linked to other virtual trading points located in the Union.

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF

  50. #2741809

    Ina thuarascáil mheasúnachta, aontaíonn ACER go bhfuil an teorainn tairisceana dhinimiciúil is infheidhme maidir le horduithe le haghaidh dhíorthaigh TTF iomchuí freisin do na horduithe le haghaidh díorthaigh atá nasctha le VTPanna eile.

    In its assessment report, ACER agrees that the dynamic bidding limit applying to orders for TTF derivatives is also appropriate for the orders for derivatives linked to other VTPs.

    Commission Implementing Regulation (EU) 2023/736 of 31 March 2023 on the definition of the technical details of the application of the market correction mechanism to derivatives linked to virtual trading points in the Union other than the TTF