The company has started allocating within-day capacities via the GET Baltic has exchange, in addition to the existing day-ahead capacity allocation.
"The application of the implicit capacity allocation model to within-day products poses a challenge for the transmission system operators and the gas exchange to expeditiously coordinate their actions and organize cross-border gas flows of gas," Amber Grid CEO Saulius Bilys said in a press release.
"However, this also creates major benefit to the market as direct competition between Baltic market participants in concluding within-day trades will increase market liquidity, will improve the gas flow balancing conditions and will give access to gas at better prices," he said.
Starting on Monday, orders to buy and to sell within-day products on GET Baltic are automatically displayed in all three Baltic market areas, along with the price for transportation between the countries.
Lithuania's Amber Grid, Latvia's Connexus Baltic Grid and Estonia's Elering a year ago started using an implicit capacity allocation model to more efficiently allocate short-term gas transmission capacities at cross-border connection points.
