Market Access

M-GAS

RULES HOW TO PARTICIPATE HOW TO OPERATE FEES, SETTLEMENT AND GUARANTEE SYSTEM LIST OF MARKET PARTICIPANTS M-GAS LINK

Market Making

HOW TO OPERATE

Natural gas market is managed through an IT system that participants can access through Internet.
Access to gas market IT system takes place through security procedures characterized by digital identification tools, smart cards, designed to guarantee authentication of the electronic signature and, therefore, the conclusion of gas purchase contracts. The digital certificate for market access can be issued by Agid-certified certification companies and must comply with the provisions of the DigitPA Resolution - Digit PA - N. 45 of 21 May 2009 as subsequently amended and supplemented (Commissioner Order ed 69-2010).
The market is managed by GME's market hall where all the computer equipment that allows the collection and management of transactions is installed, in conditions of maximum security.
MARKET SESSIONS
The MGAS sessions take place according to the following timing:

MGP-GAS:

trading carried out according to the methods of continuous trading takes place:
1. for daily products (products with delivery period equal to the gas day) referred to the three following gas days, every day, from 06.00 to 02.30 of the following calendar day. Therefore, the gas day G will be negotiable in:
  1. G-3: from 06:00 on calendar day G-3 to 02:30 on calendar day G-2.
  2. G-2: from 06:00 on calendar day G-2 to 02:30 on calendar day G-1.
  3. G-1: from 06:00 on calendar day G-1 to 02:30 on calendar day G.
2. for the weekend product (product with delivery period equal to single consecutive gas days corresponding, respectively, to Saturday and Sunday) they take place on Thursday and Friday from 06:00 to 02:30 of the following calendar day. Therefore, the weekend product will be negotiable:
  1. from 06:00 on Thursday to 02:30 on Friday.
  2. from 06:00 on Friday to 02:30 on Saturday.
  3. the AGS auction takes place every day according to the following timing:
    1. the session for submitting offers opens at 08:00 and ends at 13:30 on the gas day preceding the gas day (G) subject to trading;
    2. the results are published by GME by 14:00 on the gas day preceding the day (G) subject to trading.

MI-GAS:

trading carried out according to the methods of continuous trading takes place every day, from 06.00 to 02.30 of the following calendar day. Therefore, gas day G will be negotiable on the same gas day G from 06:00 on calendar day G to 02:30 on calendar day G+1.
the AGS auction takes place every day according to the following timing:
1. the session for submitting offers opens at 08:00 and ends at 13:30 on the same gas day (G) subject to trading;
2. the results are published by GME by 14:00 on the same gas day (G) subject to trading.

MT-GAS: