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Tender: Trading VSH 4Y

In our tender "Trading VSH 4Y" we market further storage capacities of 3.5 TWh for 4 years, starting in April 2021. The product "Trading VSH 4Y" offers you the well-known flexibility with maximum scope of action, now also for 4 years until 2025.

You already have access to all relevant contract documents. The bidding phase takes place on 12/09/2018 from 01.30 - 02.15 p.m. The allocation takes place until 02:45 p.m. You bid on a premium of the winter-summer spread and can optionally choose the adjustment component. Several bids can be placed.

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Capacities WGV 3,500.00 GWh
IR       2,100.00 MWh/h
  WR    2,870 .00 MWh/h
   
Market area GASPOOL
Storage VGS Storage Hub
Service Period 01/04/2021, 6 a.m. - 01/04/2025, 6 a.m.
Transport Booking and nomination by storage customer
Lead time for renomination 2.0 h
Transfer point ONTRAS VGS Storage Hub
Variable fee  according to adjustment formula
adjustment component optional
easystore configuration per bundel Minimum Standard Maximum
  Working Gas Volume GWh - 500.00 -
  Injection rate MWh/h - 300.00 -
  Withdrawal rate MWh/h - 410.00 -
  Injection duration Days - 91 -
  Withdrawal duration Days - 73 -
  Turnover duration Days - 164 -

Documents

 
Sample contract with adjustment component Icon - Ansehen und Download des Dokuments
Sample contract without adjustment component Icon - Ansehen und Download des Dokuments
Annex 1 "Storage Capacities and Storage Fee" Icon - Ansehen und Download des Dokuments
Annex 2 "Tranches and Spreads" Icon - Ansehen und Download des Dokuments
Annex 3 "Contact Data Sheet" Icon - Ansehen und Download des Dokuments
Forms 1-3 to Annex 2 Icon - Ansehen und Download des Dokuments
Procedure description Icon - Ansehen und Download des Dokuments
GT&C Icon - Ansehen und Download des Dokuments
Operating Manual Icon - Ansehen und Download des Dokuments

 

Here you will find answers to the most frequently asked questions. 

If you cannot find an answer to your question here, we will be happy to help you personally. 
Write to sales@vng-gasspeicher.de or call us on +49(0)341.443 5744.

Each storage year will have a two year pricing period or “trigger phase” during which VGS can (at their option) nominate a given trading day as a pricing day?

  • Yes, there is a two year pricing period and it is up to VGS to choose the dates where the pricing takes place.

Each trigger will be for 10% of the 500GWh tranche.  Can it be more than 10% per trigger?

  • Yes, it can be more than 10%. But only if VGS askes the costumer and the costumer agrees on increasing the trigger volume.

The final fee for the bundle will consist of the sum of the partial triggers?

  • Yes, for the contract without the adjustment component the final fee is the sum of the partial triggers. If you choose the contract with adjustment fee, the partial triggers will be adjusted according to the given formula.

 

  • The contract defines a fictitious work profile for the calculation of the adjustment component. This is independent of the actual operation of the contract.

The final fee for the bundle will consist of the sum of the partial triggers?

  • Yes, for the contract without the adjustment component the final fee is the sum of the partial triggers. If you choose the contract with adjustment fee, the partial triggers will be adjusted according to the given formula.

What happens to the contract after the merger of the market areas?

In the event of a merger of the market areas, the changed (new) market area will be replaced in this contract within the framework of an amendment agreement.
The market area GASPOOL still applies at the time the contract is concluded.

Are maintenance tasks already planned?

  • No maintenance measures are currently planned. We publish these in the 4th quarter before the start of the storage year for the next storage year. The restrictions should be limited to a maximum of 2 times 1 week per year.
  • By combining BBG and BDL storage in the VGS Storage Hub, larger maintenance windows can be avoided. In the event of a 50% capacitiy limitation and all storage customers nominate 100% of the contractual capacities, the nominations will be reduced in installments. 
Capacities WGV 3,500.00 GWh
IR       2,100.00 MWh/h
  WR    2,870 .00 MWh/h
   
Market area GASPOOL
Storage VGS Storage Hub
Service Period 01/04/2021, 6 a.m. - 01/04/2025, 6 a.m.
Transport Booking and nomination by storage customer
Lead time for renomination 2.0 h
Transfer point ONTRAS VGS Storage Hub
Variable fee  according to adjustment formula
adjustment component optional
easystore configuration per bundel Minimum Standard Maximum
  Working Gas Volume GWh - 500.00 -
  Injection rate MWh/h - 300.00 -
  Withdrawal rate MWh/h - 410.00 -
  Injection duration Days - 91 -
  Withdrawal duration Days - 73 -
  Turnover duration Days - 164 -

Documents

 
Sample contract with adjustment component Icon - Ansehen und Download des Dokuments
Sample contract without adjustment component Icon - Ansehen und Download des Dokuments
Annex 1 "Storage Capacities and Storage Fee" Icon - Ansehen und Download des Dokuments
Annex 2 "Tranches and Spreads" Icon - Ansehen und Download des Dokuments
Annex 3 "Contact Data Sheet" Icon - Ansehen und Download des Dokuments
Forms 1-3 to Annex 2 Icon - Ansehen und Download des Dokuments
Procedure description Icon - Ansehen und Download des Dokuments
GT&C Icon - Ansehen und Download des Dokuments
Operating Manual Icon - Ansehen und Download des Dokuments

 

Here you will find answers to the most frequently asked questions. 

If you cannot find an answer to your question here, we will be happy to help you personally. 
Write to sales@vng-gasspeicher.de or call us on +49(0)341.443 5744.

Each storage year will have a two year pricing period or “trigger phase” during which VGS can (at their option) nominate a given trading day as a pricing day?

  • Yes, there is a two year pricing period and it is up to VGS to choose the dates where the pricing takes place.

Each trigger will be for 10% of the 500GWh tranche.  Can it be more than 10% per trigger?

  • Yes, it can be more than 10%. But only if VGS askes the costumer and the costumer agrees on increasing the trigger volume.

The final fee for the bundle will consist of the sum of the partial triggers?

  • Yes, for the contract without the adjustment component the final fee is the sum of the partial triggers. If you choose the contract with adjustment fee, the partial triggers will be adjusted according to the given formula.

 

  • The contract defines a fictitious work profile for the calculation of the adjustment component. This is independent of the actual operation of the contract.

The final fee for the bundle will consist of the sum of the partial triggers?

  • Yes, for the contract without the adjustment component the final fee is the sum of the partial triggers. If you choose the contract with adjustment fee, the partial triggers will be adjusted according to the given formula.

What happens to the contract after the merger of the market areas?

In the event of a merger of the market areas, the changed (new) market area will be replaced in this contract within the framework of an amendment agreement.
The market area GASPOOL still applies at the time the contract is concluded.

Are maintenance tasks already planned?

  • No maintenance measures are currently planned. We publish these in the 4th quarter before the start of the storage year for the next storage year. The restrictions should be limited to a maximum of 2 times 1 week per year.
  • By combining BBG and BDL storage in the VGS Storage Hub, larger maintenance windows can be avoided. In the event of a 50% capacitiy limitation and all storage customers nominate 100% of the contractual capacities, the nominations will be reduced in installments. 

Tender: Gas Stock

Product Information 

Within the scope of the gas stock contract, you supply us with gas, which we buy from you at the time of conclusion of the contract subject to a condition precedent.  The storage contract covers only the fixed capacities working gas volume and injection . Initially, it is not possible to withdraw the gas quantities. There is no storage charge for the gas supply. 

In the tender procedure, you make a bid for the delivery price of the gas.

After completion of the gas supply phase, you have the option of extending the contract by a withdrawal phase for up to two (2) partial natural gas quantities of 25 GWh each until 01/04/2020, 6 am. The high withdrawal capacity enables you to trade quickly in order to take advantage of optimal trading days. If you would like to choose this option after the gas supply phase, please make us an offer for a service fee for the withdrawal of the gas quantities by the deadline 16/12/2019 at the latest. The service fee is based on the gas sales prices currently available on the market and the delivery price for the gas volumes from the gas supply phase. The acceptance of the offer is incumbent on VGS.

If VGS does not receive a bid from the customer by the deadline or does not accept a bid, the contract ends on 01/01/2020, 6 am. The gas quantity is transferred to VGS and you charge us the purchase price. 

 

Information on the procedure

A total capacity of 150 GWh will be marketed. We offer these capacities in three (3) tenders of 50 GWh each. 

You already have access to all relevant contract documents. The last bidding period is not yet dated end at the latest on 28/09/2018. To this end we inform you one day in advance with our newsletter. 

Tranche 1, 28/06/2018: Marketed
Tranche 2, 13/07/2018: Marketed
Tranche 3, date not yet known: Marketing open

You offer a fixed price for the delivery of the gas and we inform you already 15 minutes after the end of the bidding phase about the allocation.

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Capacities WGV 50.00 GWh
IR 30.00 MWh/h
   
   
Market area GASPOOL
Storage VGS Storage Hub
Service Period 01/04/2019, 6 a.m. - 01.01.2020, 6a.m.
Minimum booking amount partial bookings are not possible
Transport Booking and nomination by storage customer
Lead time for renomination 2.0 h
Transfer point ONTRAS VGS Storage Hub
Variable fee 1.0 turnover inclusive, in addition 0.469 €/MWh
easystore configuration Standard
  Injection rate MWh/h 30.00
  Withdrawal rate MWh/h 41.00 (Only usable with suspensive condition)
  Injection duration Days 91
  Withdrawal duration Days 73 (Only usable with suspensive condition)
  Turnover duration Days --
       
 

Documents

 
Sample contract  Icon - Ansehen und Download des Dokuments
Annex 1 - Capacities &  Storage Fee Icon - Ansehen und Download des Dokuments
Annex 2 - Purchase Agreement Gas Icon - Ansehen und Download des Dokuments
Annex 3 - Supplementary Agreement  Icon - Ansehen und Download des Dokuments
Annex 4 - Offer Form Icon - Ansehen und Download des Dokuments
Annex 5 - Contact Data Sheet Icon - Ansehen und Download des Dokuments
Procedure description - Tender 1/3 Icon - Ansehen und Download des Dokuments
Procedure description - Tender 2/3 Icon - Ansehen und Download des Dokuments
Procedure description - Tender 3/3 Icon - Ansehen und Download des Dokuments
GT&C Icon - Ansehen und Download des Dokuments
Operating Manual Icon - Ansehen und Download des Dokuments

Here you will find answers to the most frequently asked questions. 

If you cannot find an answer to your question here, we will be happy to help you personally. 
Write to sales@vng-gasspeicher.de or call us on +49(0)341.443 5744.

The customer with the lowest bid is awarded the contract for the gas supply. As a result:

  1. Conclusion of the Storage Contract ( WGV and IR)
  2. Simultaneous conclusion of the gas purchase contract with condition precedent and
  3. Conclusion of the supplementary agreement (not yet in force)

Until 16/12/2019 the customer has  the possibility to conclude the supplementary agreement with a bid. If VGS accepts the bid, the contract period is extended by 3 months until 01/04/2020 and the customer receives  withdrawal capacities for this period in addition to the already existing injection capacites and the working gas volume.
The bid relates to 25 GWh. The customer does not have to convert or withdrawal the total capacity into a storage contract. 

If you are allocated capacities of 100 GWh or 150 GWh in the 3 procedures, it is possible to merge the contracts.

Capacities WGV 50.00 GWh
IR 30.00 MWh/h
   
   
Market area GASPOOL
Storage VGS Storage Hub
Service Period 01/04/2019, 6 a.m. - 01.01.2020, 6a.m.
Minimum booking amount partial bookings are not possible
Transport Booking and nomination by storage customer
Lead time for renomination 2.0 h
Transfer point ONTRAS VGS Storage Hub
Variable fee 1.0 turnover inclusive, in addition 0.469 €/MWh
easystore configuration Standard
  Injection rate MWh/h 30.00
  Withdrawal rate MWh/h 41.00 (Only usable with suspensive condition)
  Injection duration Days 91
  Withdrawal duration Days 73 (Only usable with suspensive condition)
  Turnover duration Days --
       
 

Documents

 
Sample contract  Icon - Ansehen und Download des Dokuments
Annex 1 - Capacities &  Storage Fee Icon - Ansehen und Download des Dokuments
Annex 2 - Purchase Agreement Gas Icon - Ansehen und Download des Dokuments
Annex 3 - Supplementary Agreement  Icon - Ansehen und Download des Dokuments
Annex 4 - Offer Form Icon - Ansehen und Download des Dokuments
Annex 5 - Contact Data Sheet Icon - Ansehen und Download des Dokuments
Procedure description - Tender 1/3 Icon - Ansehen und Download des Dokuments
Procedure description - Tender 2/3 Icon - Ansehen und Download des Dokuments
Procedure description - Tender 3/3 Icon - Ansehen und Download des Dokuments
GT&C Icon - Ansehen und Download des Dokuments
Operating Manual Icon - Ansehen und Download des Dokuments

Here you will find answers to the most frequently asked questions. 

If you cannot find an answer to your question here, we will be happy to help you personally. 
Write to sales@vng-gasspeicher.de or call us on +49(0)341.443 5744.

The customer with the lowest bid is awarded the contract for the gas supply. As a result:

  1. Conclusion of the Storage Contract ( WGV and IR)
  2. Simultaneous conclusion of the gas purchase contract with condition precedent and
  3. Conclusion of the supplementary agreement (not yet in force)

Until 16/12/2019 the customer has  the possibility to conclude the supplementary agreement with a bid. If VGS accepts the bid, the contract period is extended by 3 months until 01/04/2020 and the customer receives  withdrawal capacities for this period in addition to the already existing injection capacites and the working gas volume.
The bid relates to 25 GWh. The customer does not have to convert or withdrawal the total capacity into a storage contract. 

If you are allocated capacities of 100 GWh or 150 GWh in the 3 procedures, it is possible to merge the contracts.

Do you have questions or
need help deciding?