One cheer for the new gas trading arrangements

On 1 October 1999, the new gas trading arrangements (NGTA) for the UK were introduced by the Office of Gas and Electricity Markets (Ofgem). On 21 July 2000, Ofgem published NGTA: a review of the new arrangements and further development of the regime. This is significant from two perspectives: firstly, the UK is at the vanguard of the liberalisation of gas trading in Europe and can provide some signposts as to how that trade may develop; and, new electricity trading arrangements (Neta) are scheduled to be introduced in the UK in November, based on a similar model to NGTA.