Buying primary capacity Fluxys-GRTgaz 

Transactions made on capsquare follow the Initiator/Aggressor model:

• Fluxys and GRTgaz are always the Initiator and post the offer of primary capacity on capsquare.
• The price is fixed and based on the regulated tariffs applicable for GRTgaz and Fluxys.
• To buy part or all of the offered capacity, a market participant lifts the offer and becomes the Aggressor.

• By entering into a transaction for primary capacity on capsquare, a market participant buys primary capacity in accordance with the transmission agreements of Fluxys for capacity related to the Fluxys market and in accordance with the agreements of GRTgaz for capacity related to the GRTgaz market.
• The buyer is to be invoiced by Fluxys and GRTgaz at the relevant regulated tariff.

• As soon as a transaction is concluded on capsquare, the details on the capacity sold are uploaded by Fluxys and GRTgaz for registration.
• The registration process with Fluxys and GRTgaz changes the transaction status on capsquare from ‘pending’ into ‘covered’, enabling the buyer to use his capacity through the applicable nomination process with Fluxys and GRTgaz.