Today we are publishing a consultation paper seeking views on the proposal to maintain the seasonal multiplier factors for gas transmission charges. These factors are applied to non-annual capacity bookings in the postalised tariff, for a further year from 1 October 2022.
Seasonal multipliers factors apply to non-annual entry capacity products, for example monthly or daily capacity bookings, by applying a factor which either increases or decreases the relevant proportion of the annual tariff. The seasonal factors reflect the seasonality of gas flows during the year and are set to incentivise suppliers to make more use of the network in the summer and shift demand away from the winter peak. The multiplier factor incentivises the use of annual capacity. The tariff for a non-annual capacity product is calculated by multiplying the annual tariff by the appropriate seasonal multiplier factor. These have been included in the gas transmission charging regime since October 2015.
This consultation is required by EU Regulation 2017/460, the Network Code on Harmonised Transmission Tariff Structures for Gas (“TAR NC”), as amended following EU Exit. The current factors meet the requirements of the EU Regulation and we propose to maintain them for Gas Year 2022/2023.
Further information on how to respond in available within the consultation section.
Copies of the consultation can be made available in large print, Braille, audio cassette and a variety of minority languages if required.