Berlin/Ratingen, 18 August 2022 • Trading Hub Europe GmbH (THE) publishes the fees and neutrality charges for the period starting on October 1, 2022. The SLP balancing neutrality charge is set at 5.70 EUR/MWh, the RLM balancing neutrality charge at 3.90 EUR/MWh. The conversion fee for converting H-Gas to L-Gas is at 0.45 EUR/MWh and the conversion neutrality charge at 0.38 EUR/MWh. The VTP fee is set at 0.00148 EUR/MWh, the gas storage neutrality charge will be 0.59 EUR/MWh.
The determination of the balancing neutrality charges at the stated levels is due, among other things, to the overall difficult market environment, the forecast balancing gas requirement and the corresponding balancing gas costs, as well as the current status of the SLP and RLM balancing neutrality accounts.
According to the Konni Gas 2 ruling, the conversion charge has to be determined in a way that provides a sufficient market incentive for multi-quality gas trading, without the market area manager becoming the main procurer of the physical L-gas quantities. Against this background, THE has set the incentive-based conversion charge for the conversion from H-gas to L-gas at 0.45 EUR/MWh.
Together with the conversion neutrality charge, the conversion fee serves to cover the commercial and technical conversion costs. Following the forecasts by THE, the conversion neutrality charge has been set at 0.38 EUR/MWh.
The VTP fee which is payable by both the disposing and the acquiring balancing group manager for each nominated transfer of gas quantities from 1 October 2022 will be 0.00148 EUR/MWh.
From October 2022, the surcharge in accordance with Section 35e of the Energy Industry Act (EnWG) will be levied for the first time to ensure the fill level specifications for gas storage facilities (gas storage neutrality charge). The background is the amendment of the EnWG, which in particular specifies filling levels for storage. The filling levels should be achieved through a provision mechanism for unused storage capacities and other measures such as the tendering of Strategic Storage Based Options (SSBO) and the filling of storage by THE. The aim is to increase security of supply in Germany. THE was thereby assigned a new task, which makes it necessary to collect the gas storage neutrality charge in the amount of 0.59 to cover the costs associated with the task.
The balancing neutrality charges, the conversion fee, the conversion neutrality charge and the VTP fee are determined for a period of 12 months, the gas storage neutrality charge for a period of 3 months.
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Until 1 October 2022
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As of 1 October 2022
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SLP balancing neutrality charge
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0 EUR/MWh
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5.70 EUR/MWh (0.570 ct/kWh)
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RLM balancing neutrality charge
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0 EUR/MWh
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3.90 EUR/MWh (0.390 ct/kWh)
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Conversion fee
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0.45 EUR/MWh
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0.45 EUR/MWh (0.045 ct/kWh)
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Conversion neutrality charge
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0 EUR/MWh
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0.38 EUR/MWh (0.038 ct/kWh)
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VTP fee
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0.001 EUR/MWh
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0.00148 EUR/MWh (0.000148 ct/kWh)
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Gas storage neutrality charge
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0.59 EUR/MWh (0.059 ct/kWh)
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In addition the gas procurement neutrality charge is charged as of October 1, 2022. The corresponding press release is available here.
THE publishes an FAQ document for the gas procurement neutrality charge and the gas storage neutrality charge here and an FAQ document for the balancing neutrality charges, the conversion fee, the conversion neutrality charge and the VTP fee here.