As off 1 st October 2020, ECC withholds financial settlement payments for natural gas spot and futures transactions with delivery in the Spanish Gas Transmission System (PVB) of the Spanish TSO (“Enagas GTS”) in accordance with the Spanish gas market regulation until authorisation of Enagas GTS. This regulatory change affects all financial settlement procedures for gas days starting delivery after 1 st October 2020 at 06:00 CET for all selling positions on gas products traded on the EEX PVB market, even if those trades were closed before 1st October 2020.
The reference documents from the regulator and the TSO can be found below.