Tender LTO

Trading Hub Europe (THE) is inviting bids for the provision of balancing services in the period from January 2023 up to and including March 2023 in order to meet its long-term balancing requirements in the multi-quality market area of Trading Hub Europe, with bids being requested for the supply of gas by providers (SystemBUY) on a ‘Rest-of-the-Day’ basis (product variant ‘RoD’) under the ‘Long-Term Options’ (LTO) balancing product.

THE is procuring the reserves set out below to increase the security of the gas supply in accordance with the 2015 policy paper on gas supply security published by the German Federal Ministry for Economic Affairs and Climate (BMWK).

Please note that the respective balancing requirements for the balancing zones will be published shortly and before the start of the bidding period.

Contract periods:

Please note that bids are invited separately for each product for each of the following contract periods:

1 January 2023, 06:00 hours until 1 February 2023, 06:00 hours

1 February 2023, 06:00 hours until 1 March 2023, 06:00 hours

1 March 2023, 06:00 hours until 1 April 2023, 06:00 hours

Please note: The maximum number of permitted call days per lot and contract period is 14 gas days.

Bidding period:

If you wish to respond to the above tender invitations, please submit your bids between 4 October 2022, 12:00 hours and 18 October 2022, 12:00 hours using our Balancing Services Portal (BSP).

THE will accept bids by 19 October 2022, 12:00 hours by awarding individual contracts (“System Balancing Transaction Agreements”) for the above contract periods.

The terms and conditions of the tenders ("Contractual terms & conditions for balancing gas providers") as well as all other documents required for participation in the tenders can be found in the download area in the section "Downloadcenter THE".

Link to the Terms and Conditions for External System Balancing Actions: Terms and Conditions  for External System Balancing Actions

Link to LTO product description: “Long-Term Options“