Stakeholders in the European gas industry are currently developing a European Gas Target Model (GTM). In essence, the GTM has two objectives. First, to promote the creation of series of harmonised liquid and functional regional gas markets within the EU. Second, to facilitate trading between these regional markets. With regard to the second objective, stakeholders have also been debating the various approaches to cross border capacity allocation. ACER’s Framework Guidelines on Capacity Allocation Mechanisms specify that auctions will be the default mechanism for allocating firm and interruptible capacity services for each time interval, with the possible exception of within-day (intraday) capacity services.

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