1.Where the short term wholesale gas market has or is anticipated to have insufficient liquidity or where temporal products and locational products required by the transmission system operator cannot reasonably be procured on this market, a balancing platform shall be established for the purpose of transmission system operator balancing.
2.The transmission system operators shall consider whether a joint balancing platform may be implemented for adjacent balancing zones in the framework of cooperation between the transmission system operators [F1and non-UK TSOs] or where there is sufficient interconnection capacity and such joint balancing platform is deemed efficient to be implemented. If a joint balancing platform is established, [F2the concerned transmission system operators must endeavour to operate it in cooperation with any concerned non-UK TSOs].
3.In case the situation described under paragraph 1 has not fundamentally changed after five years the national regulatory authority may, without prejudice to Article 45(4) and after [F3making] the appropriate amendment of the report, decide to continue the operation of the balancing platform for another period of no more than five years.
Textual Amendments
F1Words in Art. 47(2) inserted (31.12.2020) by The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 2 para. 14(2)(a); 2020 c. 1, Sch. 5 para. 1(1)
F2Words in Art. 47(2) substituted (31.12.2020) by The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 2 para. 14(2)(b); 2020 c. 1, Sch. 5 para. 1(1)
F3Word in Art. 47(3) substituted (31.12.2020) by The Gas (Security of Supply and Network Codes) (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/531), reg. 1(2), Sch. 2 para. 14(3); 2020 c. 1, Sch. 5 para. 1(1)