Entering a new power or gas market means three to six applications to different counterparties: the regulator(s), the TSO, the exchange, storage operators and, for cross-border flows, the interconnectors and capacity platforms. Each counterparty runs its own KYC, sets its own deadlines, and enforces its own requirements. Time2Market manages all of them as one project, with one team accountable for getting you to your first trade.
Trading or shipping license: Granted by the national regulatory authority (NRA) in licensed markets. Which license you need depends on your company setup and planned trading activities. Read more about trading and shipping licenses →
Balance responsible party (BRP) status: Granted by the transmission system operator (TSO). It lets you hold physical positions on the grid and makes you financially and otherwise responsible for imbalances. Read more about becoming a balance responsible party (BRP) →
Balancing service provider (BSP) status: Granted by the TSO after a prequalification procedure. It gives you access to the balancing markets, where TSOs buy the reserves they use to keep the grid balanced in real time. Read more about Europe's real-time balancing power markets →
Exchange membership: Gives you access to intraday, day-ahead, and futures markets on your chosen exchange(s) for the given market. It can be anything from adding products to an existing membership to a full KYC procedure with a new exchange or NEMO. Read more about exchange access →
Cross-border trading setup: Covers interconnector and pipeline capacity, including natural gas storage access, through explicit auctions, implicit market coupling, or long-term bookings. Read more about cross-border access →
Requirements and procedures often change, sometimes without notice. Once you are live and trading, these changes keep coming, which is wha our market continuity service covers.
After your first trade, counterparties regularly send scheduled and ad-hoc requests, from documentation updates to new submissions when regulations change. You remain responsible for meeting them, and our team can handle them for every market we have helped you enter.
Disclaimer: The energy industry is extremely dynamic and regulations and market access procedures can change without notice. Please refer to each counterparty's website for up-to-date information specific to your case. Time2Market ApS is not responsible for the completeness, accuracy, and actuality of the information provided. This article is intended for informational purposes only and should not be considered business or legal advice.
Book a meeting with our experts below or get in touch through this form to find out how we can help you take your business to the next level.
What is the complexity or duration of a new market entry? We will help you scope and plan the process in accordance with your strategy.
If local authorities require that you obtain a wholesale power or gas trading license, we will get you one.
We will deliver the required TSO access on your preferred power or gas grids for physical power and gas trading.
For taking position on the intraday, day ahead, or future markets, we will set up access for your preferred exchanges.
Time2Market is here to support you in being setup correctly to flow power or gas cross-border via your obtained capacities.
We offer continuous support during and after market entry to handle all ad-hoc tasks related to your trading activities.
Our team of experts has developed an invaluable self-assessment tool based on over 700 successful market entries. Try it and find out exactly where your organization stands before you make your next move.
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Answer 30 questions and receive a personalized readiness report covering your strategic fit, regulatory exposure, financial requirements, and realistic timeline to first trade.
