Overview
- The Bundesnetzagentur has opened formal proceedings against several balance-responsible parties over suspected manipulation in the L-to-H gas conversion process.
- Trading Hub Europe reported that unusual nomination patterns between mid-May and mid-July led to roughly €60 million in rule-energy and conversion costs.
- Regulators have notified local authorities and the EU energy agency ACER as they investigate whether the conversion spike reflected manipulation or commercial strategy.
- Starting October 1, Trading Hub Europe will impose a 0.018-cent per kilowatt-hour conversion levy that is likely to be passed on by energy suppliers to consumers.
- Germany’s scheduled transition of 4.3 million households from low-calorific to high-calorific gas by 2029 remains on track but faces potential additional levies if conversion costs persist.