Trading Hub Europe (THE) is inviting bids for the provision of balancing services in the period from February 2024 and March 2024 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).
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February 2024
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March 2024
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High CV zone North (HN)
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1.151 MWh/h
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1.151 MWh/h
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High CV zone Central (HM)
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1.151 MWh/h
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1.151 MWh/h
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High CV zone South (HS)
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7.411 MWh/h
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7.411 MWh/h
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High CV zone ONTRAS (HOS)
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1.223 MWh/h
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1.223 MWh/h
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Low CV zones
(East (LO), West (LW), GTG (LGN), GUD-L (LGU) and NWG (LNA))*
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3.454 MWh/h
Maximum requirements:
- LGN: 900 MWh/h
- LNA: 1.200 MWh/h
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3.454 MWh/h
Maximum requirements:
- LGN: 900 MWh/h
- LNA: 1.200 MWh/h
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Total
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14.390 MWh/h
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14.390 MWh/h
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* For L-gas, a cost-optimal acceptance of bids shall be made taking into account the principles of § 5 number 4 (Terms and Conditions for System Balancing Actions). For the L-gas zones LGN and LNA, however, "maximum requirements to be awarded" apply in each case, which are taken into account within the framework of the cost-optimal acceptance of bids.
Contract periods:
Please note that bids are invited separately for each product for each of the following contract periods:
1 February 2024, 06:00 hours until 1 March 2024, 06:00 hours
1 March 2024, 06:00 hours until 1 April 2024, 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 2023, 12:00 hours and 18 October 2023, 12:00 hours using our Balancing Services Portal (BSP).
THE will accept bids by 20 October 2023, 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“
Disclaimer: We would like to point out that the links at the bottom of the text have been updated and are now correctly deposited and therefore we apologize.