ECC Clearing Circular 27/2026 | Risk Parameter Update

    Summary

    As a result of a regular quarterly parameter review, ECC adjusts selected risk parameters as of 11 May 2026. The changes affect the risk parameters for the Initial Margin Spot Market (IMSM) and Current Exposure Spot Market (CESM) (Sell Margin Parameter OTE Natural Gas ). The GB Imbalance Cost Ratio is used in the monthly calculation for the GB Price Independent Parameter.

    The new parameters applicable will be:

    ParameterCurrentNew
    Sell Margin Parameter OTE Natural Gas0.10.2
    GB Imbalance Cost Ratio1.41.75

    All other margin parameters remain unchanged.

    Please find detailed information in the document below.

     

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