Chapter 4: The New Gas Trading Arrangements – George Yarrow, Chairman’s Comments – Eileen Marshall
The new gas trading arrangements (NGTA) is the name given to a package of reforms in the gas industry, the first elements of which were introduced in October 1999. The NGTA were and are part of an evolutionary process of development in the industry, with origins stretching back several years. The reforms have been more incremental than in electricity, where the abolition of the Pool and the introduction of the new electricity trading arrangements (NETA), analysed by David Currie in Chapter 1, mark a larger step change. Nevertheless, the pace of change in gas has sometimes been quite rapid, as many readers will know all too well, and the introduction of NETA, coupled with the strengthening interactions between gas and electricity markets, now increases the priority that needs to be given to outstanding issues.
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