Gas CAM Network Code (CAM NC) stands for the Commission Regulation (EU) 2017/459 of 16 March 2017 establishing a network code on capacity allocation mechanisms in gas transmission systems and repealing Regulation (EU) No 984/2013.
Most CAM NC provisions have been mandatory since November 2015, others since 2017 due to the amendment of the CAM NC.
The 2017 amendment of the CAM NC has been an important regulatory driver, with increased bookings of quarterly and yearly products (in 2017, the CAM auction calendar was amended with effects starting from 2018, making the auctions of the quarterly and yearly products more respondent to the network users’ commercial needs).
CAM NC standardises cross-border capacity products and their allocation via transparent auctions held on joined booking platforms,
One of the main tools established by the CAM NC to increase transparency and ease market access is the creation of Virtual Interconnection Points (VIP) between zones connected by more than one IP.
In 2019, eleven VIPs were operational and five more became operational in 2020.
As regards market situation in 2019, ACER Market Monitoring Report of 23 September 2020 (Gas Wholesale Market Volume) mentions that Despite yearly capacity tending to be less expensive than shorter-term capacity (given usually higher short-term multipliers), network users’ general preference in 2019 was to book capacity up to one year ahead, with limited volumes booked for longer durations.
ACER observes in the said Report that “network users seek to pursue as much flexibility as possible, while tend to avoid lock-in effects.
Flexibility is reflected in the need for demand profiling, short-term optimisation and ability to choose shipping gas via pipelines or via LNG.
Lock-in effects prevention arises from the uncertainties with respect to the forward conditions of the market, given among others EU decarbonisation targets, developments of transportation tariffs and the still prevalent overbooked legacy capacity contracts”.
18 December 2020
Commission Regulation (EU) No 984/2013 of 14 October 2013 establishing a Network Code on Capacity Allocation Mechanisms in Gas Transmission Systems and supplementing Regulation (EC) No 715/2009 of the European Parliament and of the Council (applied till 5 April 2017)