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Trading JEM 2Y - Tender

In this tender procedure we offer a total capacity of 730 GWh for our Jemgum storage facility for the storage year 2020 - 2022. The product "Trading JEM" is connected to the GASPOOL and TTF market area. 

Here you will find all the special features of the product at a glance:

  • The injection capacity is available to you flat at any time and thus offers you maximum flexibility.

  • The lead time for (re-)nominations in the market area TTF is 30 minutes and enables you to react very quickly to market changes.

  • From 15.05.2020, 06:00 am to 15.02.2021, 06:00 and from 15.05.2021, 06:00 am to 15.02.2022, 06:00am your contract must have a minimum filling level of 12% based on the contracted working gas volume.

You already have access to all relevant contract documents. The bidding phase will take place on 21/01/2020 at the earliest and on 13/03/2020 at the latest from 01:00 - 01:30 pm. The allocation will take place until 02:00 pm. You bid on a fixed price in €/MWh/a with a maximum of four decimal places and several bids can be submitted.

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New "BEATE" and "REGENT"-Regulation
From 01/01/2020, new regulations of the Bundesnetzagentur apply for the conversion of annual service prices into service prices for capacity rights during the year as well as for the proper determination of network charges ("REGENT"). 

According to this, among other things, the entry and exit fees for storage facilities are subject to a discount of 75% by the adjecent network operator. For storage facilities connected to more than one market area, the discount is granted if the storage operator maintains separate storage accounts for its customers. 

VNG Gasspeicher GmbH still offers such an account model for its Jemgum storage facility on the basis of this regulation, which came into force on 1 January 2020. This proofs that the use of the storage facility does not serve to avoid transport between different market areas. 

VNG Gasspeicher GmbH will continue to implement the REGENT specifications under the two-account model (discounted and non-discounted storage accounts), which is why, in addition to the REGENT specifications, the gas-in-store-transfer between non-discounted accounts of the various market areas will be restricted for its customers. The regulations are described in the Annex "Additional Conditions regarding the cross-market Utilization of the Jemgum Storage Facility". If you have any questions, please use our FAQ area or give us a call.

Capacities WGV    730.00 GWh
IR          438.00 MWh/h
  WR        657.00 MWh/h
   
Market area GASPOOL, TTF
Storage Jemgum
Service Period 01/04/2020, 06:00 am - 01/04/2022, 06:00 am
Transport Booking and nomination by storage customer
Lead time for renomination

GASPOOL: 2.0 h
TTF: 0.5 h

Transfer point
Market Area TSO Transfer Point
GASPOOL GASCADE Jemgum I
TTF GTS Oude Statenzijl
Variable fee 2020/2021: 0.495 €/MWh
2021/2022: acc. adjustment formula
easystore configuration per GWh Minimum Standard Maximum
  Working Gas Volume GWh 1.00 1.00 1.00
  Injection rate MWh/h 0.50 0.60 0.80
  Withdrawal rate MWh/h 0.60 0.90 1.20
  Injection duration Days 83 69 53
  Withdrawal duration Days 70 47 36
  Turnover duration Days 153 116 89
 

 

Documents

 
Sample contract  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 2404.

Maintenance periods can be found in the transparency section of our website.

 

How does VNG Gasspeicher GmbH (VGS) implement the new account regulation?

VGS will continue to implement the REGENT specifications using a two-account model. This means that one account less is implemented than it is required according to REGENT Regulation. In order to nevertheless guarantee all the requirements of the REGENT Regulation, VGS restricts the gas-in-store-transfer between non-discounted accounts of the various market areas for its customers.

Is it possible at the Jemgum storage facility to withdraw gas into GASPOOL which was injected via TTF?

Yes, this is possible. Gas that was injected from the TTF market area into a non-discounted account can later be withdrawn by the customer in the direction of GASPOOL without discount if the customer nominates the withdrawal in the direction of GASPOOL and the non-discounted account for the GASPOOL market area is empty. In this case, VGS automatically uses the gas quantities in the TTF market area's non-discounted account for withdrawal.

How can a customer switch the market area within the storage at the Jemgum storage facility?

When using a discounted account, a customer cannot change the market area within the Jemgum storage facility. If gas has been injected into a non-discounted account, then a change of market area is only possible within the framework of withdrawal. See the answer to the above question.

Why does VGS not allow gas-in-store-transfers between two non-discounted accounts of different market areas?

VGS only uses two accounts for the implementation of the REGENT specifications in its IT systems. By preventing gas transfers between non-discounted accounts of two market areas, we ensure that gas stored on a non-discounted account in  one market area can later also be withdrawn into the same market area with a discount. If gas transfers between non-discounted accounts were possible, then injected quantities from a non-discounted account could later not be withdran into the same market area with a discount.

Can a customer transfer gas from a discount account to a non-discounted account?

Gas that the customer has stored in a discounted account can also be transferred to a non-discounted account. However, only if the network operator offers so-called "Fakturierung".

What does "Fakturierung" mean?

"Fakturierung" replaces the previous "transfer fee", which is now billed by the TSO. If a TSO offers "Fakturierung", the customer can switch from a discounted account to a non-discounted account in the same market area. For this purpose, however, the customer must first contact the respective network operator.

To which account are gas quantities assigned on the TTF side?

Gas quantities on the TTF side are assigned to the non-discounted account GTS (even if there is a discount on transport capacities at the storage facility on the TTF side). This allows the gas quantities to be withdrawn in both directions: in the direction of TTF and in the direction of GASPOOL (by nominating the empty non-discounted Gascade account).

What are the lead times for (re-)nominations at the Jemgum storage facility?

Because the transmission operator in the TTF market area (GTS) is providing a 30 minutes lead time for (re-)nominations, VGS is also able to shorten these lead times. The lead time for (re-)nomination in direction the TSO GTS is 30 minutes before the next full hour.

The lead time for (re-)nomination in direction the TSO Gascade is two hours before the next full hour.

Capacities WGV    730.00 GWh
IR          438.00 MWh/h
  WR        657.00 MWh/h
   
Market area GASPOOL, TTF
Storage Jemgum
Service Period 01/04/2020, 06:00 am - 01/04/2022, 06:00 am
Transport Booking and nomination by storage customer
Lead time for renomination

GASPOOL: 2.0 h
TTF: 0.5 h

Transfer point
Market Area TSO Transfer Point
GASPOOL GASCADE Jemgum I
TTF GTS Oude Statenzijl
Variable fee 2020/2021: 0.495 €/MWh
2021/2022: acc. adjustment formula
easystore configuration per GWh Minimum Standard Maximum
  Working Gas Volume GWh 1.00 1.00 1.00
  Injection rate MWh/h 0.50 0.60 0.80
  Withdrawal rate MWh/h 0.60 0.90 1.20
  Injection duration Days 83 69 53
  Withdrawal duration Days 70 47 36
  Turnover duration Days 153 116 89
 

 

Documents

 
Sample contract  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 2404.

Maintenance periods can be found in the transparency section of our website.

 

How does VNG Gasspeicher GmbH (VGS) implement the new account regulation?

VGS will continue to implement the REGENT specifications using a two-account model. This means that one account less is implemented than it is required according to REGENT Regulation. In order to nevertheless guarantee all the requirements of the REGENT Regulation, VGS restricts the gas-in-store-transfer between non-discounted accounts of the various market areas for its customers.

Is it possible at the Jemgum storage facility to withdraw gas into GASPOOL which was injected via TTF?

Yes, this is possible. Gas that was injected from the TTF market area into a non-discounted account can later be withdrawn by the customer in the direction of GASPOOL without discount if the customer nominates the withdrawal in the direction of GASPOOL and the non-discounted account for the GASPOOL market area is empty. In this case, VGS automatically uses the gas quantities in the TTF market area's non-discounted account for withdrawal.

How can a customer switch the market area within the storage at the Jemgum storage facility?

When using a discounted account, a customer cannot change the market area within the Jemgum storage facility. If gas has been injected into a non-discounted account, then a change of market area is only possible within the framework of withdrawal. See the answer to the above question.

Why does VGS not allow gas-in-store-transfers between two non-discounted accounts of different market areas?

VGS only uses two accounts for the implementation of the REGENT specifications in its IT systems. By preventing gas transfers between non-discounted accounts of two market areas, we ensure that gas stored on a non-discounted account in  one market area can later also be withdrawn into the same market area with a discount. If gas transfers between non-discounted accounts were possible, then injected quantities from a non-discounted account could later not be withdran into the same market area with a discount.

Can a customer transfer gas from a discount account to a non-discounted account?

Gas that the customer has stored in a discounted account can also be transferred to a non-discounted account. However, only if the network operator offers so-called "Fakturierung".

What does "Fakturierung" mean?

"Fakturierung" replaces the previous "transfer fee", which is now billed by the TSO. If a TSO offers "Fakturierung", the customer can switch from a discounted account to a non-discounted account in the same market area. For this purpose, however, the customer must first contact the respective network operator.

To which account are gas quantities assigned on the TTF side?

Gas quantities on the TTF side are assigned to the non-discounted account GTS (even if there is a discount on transport capacities at the storage facility on the TTF side). This allows the gas quantities to be withdrawn in both directions: in the direction of TTF and in the direction of GASPOOL (by nominating the empty non-discounted Gascade account).

What are the lead times for (re-)nominations at the Jemgum storage facility?

Because the transmission operator in the TTF market area (GTS) is providing a 30 minutes lead time for (re-)nominations, VGS is also able to shorten these lead times. The lead time for (re-)nomination in direction the TSO GTS is 30 minutes before the next full hour.

The lead time for (re-)nomination in direction the TSO Gascade is two hours before the next full hour.

Do you have questions or
need help deciding?