On the basis of the decision of the Federal Network Agency (BNetzA) approving the oversubscription and buy-back mechanism developed by the gas transmission system operators (TSOs) for additional capacities in the Germany-wide market area THE. Gas TSOs that use market-based instruments (MBI) provided for in the KAP+ ruling and Hub Europe GmbH (THE GmbH), publish a joint report on the use of such instruments and the capacity buy-back mechanism for each gas year (GY).

The annual monitoring report describes the use of MBIs and capacity buy-back transactions in the Trading Hub Europe (THE) market area. This monitoring report is the second of its kind according to KAP+ and covers GY 2022/23.

The report is provided here.