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CAPACITY UTILISATION

A number of measures are in place to optimise the availability of Interconnector capacity to the market on a short and medium term basis. Principal among these is a secondary market in capacity facilitated by flexible capacity trading arrangements, a suite of standard contracts and a Bulletin Board on which requirements to buy and sell capacity can be notified to the market.


Interconnector monitors and reports offers to buy or sell capacity and on capacity transactions in effect with a view to highlighting capacity trading opportunities and the overall level of capacity trading activity.


‘Use it or lose it’ (UIOLI) arrangements form an integral part of the Interruptible Capacity regime in the Interconnector, thereby providing the opportunity for Shippers to transport additional amounts of gas, to the extent that certain other Shippers are not exercising their rights to ship in full. The right to use such Interruptible Capacity reverts to the original Shipper should that Shipper subsequently require to use its contracted capacity.

>Shippers          >Types of capacity

 


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