The new credit rules will be seen as an improvement by some of the shippers because, from 1 May 2011, they will no longer have to provide external security in the form of a bank guarantee or a parent company guarantee in order to become shippers on the gas market.
 
- 'Previously, several of our shippers had to provide a bank guarantee or a parent company guarantee to be given credit approval up to a certain limit. This is no longer necessary according to the new rules' says Christian Rutherford, economist with Energinet.dk

The bank guarantee has been an access barrier for minor market players who, for financial reasons, have renounced entry to the market. As a consequence of the new step, Energinet.dk will take out joint credit insurance for the players, and in future the players will be approved via a credit insurance company.

One credit policy will apply to both the gas and the electricity market
1 May 2011 marks Energinet.dk's introduction of the new credit insurance on both the gas and the electricity market because the new credit policy took effect already on 8 February this year in relation to the electricity market players.