Germany’s significant gas suppliers, energy traders and large consumers can look forward to a windfall of approximately one billion euros. According to the German Gas Coordinator, Trading Hub Europe (THE), this surplus stems from the so-called “RLM Bilanzierungsumlagekonto” and will be repaid to the “Rechnungsbilanzkreisverantwortlichen”. For the first time, a surplus has been achieved in the October 2023 to September 2024 period, in accordance with the “GaBi Gas 2.0” regulation.
This regulatory provision, enforced by the Federal Network Agency, aims to ensure an efficient and stable gas market. Among other measures, it requires gas suppliers to predict their customers’ consumption in advance and various balancing accounts are established to offset fluctuations. Although consumers indirectly finance these balancing accounts through their gas bills, they will not have a claim for reimbursement.