Course 16 of 20 · Natural Gas Desk Academy

North American Gas Commercial Practice

Stage D, Customer supply and regional specialisation. Level 7 of 10.

North American market mechanics: the regulatory and standards framework, interstate capacity release, and first-of-month and daily index conventions.

129 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 06, Course 07, Course 09, Course 12

Enrol or enquire See the 129 chapters
How a chapter is sized

One chapter is one idea taken to the point of use

Each chapter is a single self-contained explainer of 8 to 10 narrated minutes, covering one idea to the point where you can use it.

Chapters run in order. Each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 129 chapters

Open any module for its full chapter list, in teaching order.

M0 Orientation: The North American System Ch 1-10
  1. What Makes North American Practice Distinct
  2. The Continental Pipeline Geography a Shipper Needs
  3. Who Does What: The Parties in North American Practice
  4. Unbundling: How the Merchant Was Separated from the Pipe
  5. The Market Centre and the Hub in Continental Usage
  6. The Three Layers of Oversight
  7. Rules Change: Why This Course Teaches Mechanism
  8. Finding the Governing Document
  9. The Vocabulary a Continental Desk Assumes
  10. What This Course Owns and Where It Stops
M1 Jurisdiction: Interstate, Intrastate and the Exempt Layer Ch 11-20
  1. The Interstate and Intrastate Line
  2. Why the Jurisdictional Line Costs You Money
  3. Intrastate Service and Its Own Rate Regime
  4. The Exempt and Limited-Jurisdiction Categories
  5. Gathering: The Layer Before Regulated Transport
  6. Where Processing Ends and Transport Begins
  7. The Certificate and What It Gives a Shipper
  8. State Commissions and the Utility Layer
  9. Canadian Federal and Provincial Oversight
  10. Testing a Jurisdictional Claim Before You Price It
M2 Open Access and the Shipper's Rights Ch 21-30
  1. What Open Access Obliges a Pipeline to Do
  2. Qualifying as a Shipper
  3. The Service Menu on a Continental Pipeline
  4. Shipper of Record, Agent and Asset Manager
  5. Affiliate Conduct and the Standards of Behaviour
  6. How Available Capacity Reaches the Market
  7. Posting and Transparency Obligations
  8. Where a Shipper Takes a Grievance
  9. What Open Access Does Not Promise
  10. Reading a Service Agreement Against the Tariff
M3 The Posted Tariff, Rate and Discount Ch 31-41
  1. The Tariff as the Governing Instrument
  2. Anatomy of a Posted Tariff
  3. Rate Design: Reservation and Usage Components
  4. Maximum and Minimum Rate
  5. The Rate Case and What It Does to Your Costs
  6. Why a Pipeline Discounts
  7. Negotiating and Documenting a Discount
  8. Negotiated and Alternative Rate Structures
  9. The Posted Fuel Percentage and Its Reset
  10. Surcharges, Trackers and the Rest of the Bill
  11. Reading a Transportation Invoice Line by Line
M4 Capacity Release Ch 42-54
  1. Why a Regulated Secondary Market Exists
  2. The Releasing and Replacement Shipper
  3. Posting a Release: The Terms You Must Fix
  4. Bid Forms: Rate, Percentage and Volumetric
  5. How a Winner Is Chosen
  6. The Prearranged Deal and the Match
  7. Exemptions from the Bidding Requirement
  8. The Rate Ceiling on Released Capacity
  9. Recall and Reput
  10. Permanent Release and Capacity Turnback
  11. Right of First Refusal: The Mechanism
  12. Bidding Against Your Own Renewal
  13. A Release Worked End to End
M5 Nomination Cycles and the Standards Framework Ch 55-65
  1. The Standards Body and What Standardisation Bought
  2. The Standard Nomination Timeline
  3. The Timely Window Under the Continental Standard
  4. The Evening Window and What It May Revise
  5. The Standard Intraday Windows, Named
  6. Bumping: Who Displaces Whom
  7. The Scheduling Priority Ladder
  8. No-Notice and Balancing Services
  9. Standard Business Documents and Electronic Data
  10. Confirmed, Scheduled and the Quantities That Bind
  11. Verifying the Clock Before You Build a Process
M6 The Bulletin Board, Notices and Penalties Ch 66-76
  1. The Electronic Bulletin Board as Legal Notice
  2. What Sits on the Board
  3. Operationally Available Capacity
  4. The Index of Customers and What It Reveals
  5. Critical Notices and the Message Hierarchy
  6. The Operational Flow Order
  7. Flow Order Varieties and Who They Catch
  8. Penalty Exposure Under a Flow Order
  9. The Wider Penalty Regime
  10. Disputing and Mitigating a Penalty
  11. Building the Daily Watch Routine
M7 Index Conventions in Continental Contracts Ch 77-87
  1. The Two Price Conventions a Contract Can Choose
  2. The First-of-Month Reference in Practice
  3. The Daily Reference and the Gas Day It Prices
  4. Choosing Between Monthly and Daily Pricing
  5. Baseload at Monthly, Swing at Daily
  6. Writing an Index Reference That Cannot Be Misread
  7. Fallback When a Publication Changes or Stops
  8. Blended and Multi-Reference Pricing
  9. Weekend and Holiday Packages
  10. Trade Date, Flow Date and the Confirmation Gap
  11. The Same Month Priced Both Ways
M8 Bidweek and the Standard Form Ch 88-98
  1. What Bidweek Is and Why It Exists
  2. The Bidweek Calendar
  3. A Desk's Bidweek, Day by Day
  4. Bidweek Liquidity and Its Shape
  5. Fixed Price, Index and Index-Plus Deals
  6. Terms Agreed in a Bidweek Trade
  7. How Bidweek and the Monthly Index Interact
  8. Voluntary Index Submissions and Reporting Accuracy
  9. When Bidweek Goes Wrong
  10. The Standard-Form Base Contract
  11. Special Provisions and the Negotiated Annex
M9 Pools, Points and Market Areas Ch 99-109
  1. The Pooling Point and What It Does
  2. Pool Mechanics: Nominating In and Out
  3. Title Transfer at a Pool
  4. Aggregation Across Contracts and Points
  5. Segmentation of a Path
  6. Backhaul and Displacement
  7. Primary and Secondary Point Rights
  8. Producer-Area Dynamics
  9. Market-Area Dynamics and the City Gate
  10. Reading a Path from Basin to Burner
  11. When the Pool Is Your Best Tool
M10 Canada, the Border and Retail Choice Ch 110-120
  1. The Canadian System and Its Commercial Shape
  2. Canadian Tolls and Capacity Assignment
  3. Import and Export Authorisation
  4. The Border Point as a Commercial Interface
  5. Nominating Across Two Systems
  6. Currency, Tax and Invoicing Across the Border
  7. Cross-Border Flow in Practice
  8. Retail Choice: What Unbundling Created
  9. The Marketer's Licence and Duties
  10. Operating a Choice Book
  11. Checking a Programme's Rules Before You Sign Customers
M11 A Worked Month and the Limits Ch 121-129
  1. The Book for the Worked Month
  2. Worked Month, Part One: Bidweek
  3. Worked Month, Part Two: The Capacity Decision
  4. Worked Month, Part Three: The Cold Snap
  5. Worked Month, Part Four: Penalties and the Invoice
  6. Worked Month, Part Five: The Review
  7. The Continental Control Set
  8. Staying Current as the Rules Move
  9. What Continental Practice Cannot Give You

The brochure gives each of these 129 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 16 of twenty

It stands alone, and it is also the entry point to the Natural Gas Desk Academy pathway.

Enrol or enquire See the whole pathway