On-the-Day Commodity Market (OCM) Briefing
The On-the-Day Commodity Market (OCM) is operated by ICE Endex and used by National Grid Gas Transmission in its role as residual balancer. This market forms an integral part of the UK gas balancing regime. Trades concluded on the OCM are used to formulate the System Average Price (SAP) and System Marginal Prices (SMP), which network users pay or receive for under-delivery and over-delivery of natural gas to the UK transmission system.
Watch the webinar replay for an overview of Demand Side Response (DSR), update on reforms to the DSR and a demonstration of the OCM with a focus on the DSR market.
Speakers
- Matt Newman, Code Change Lead, National Grid Gas Transmission
- Egbert-Jan Schutte-Hiemstra, Senior Director, Business Development Utility Markets, ICE