Hub Trading - VNG Gasspeicher GmbH

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Hub Trading
Hub Trading Flat

Hub Trading

Highly Flexible: Hub Trading

Short-term trading, internal portfolio optimization, peak load balancing for consumer households or power plants: Hub trading always offers a high degree of flexibility. In the quickest configuration, you have a six-fold turnover of the stored natural gas available to you. In place of the hub trading standard configuration, you are also able to individually customize product characteristics.

Configure in easystore

Market area	THE
Turnover duration	61 - 390 Days
Characteristic curve restriction	yes
Minimum level	no
Interruptibility	firm
Minimum booking amount	2.5 GWh
Transport	Booking and nomination by VGS
Nomination	Until 04:30 pm for the following day
Lead time for renomination	2.25 h
Implementation period	Non binding booking request:	Ten (10) woring days
	Online booking:	Two (2) working days
Transfer of ownership	no
Physical storage	yes
Transfer point	VTP THE

easystore configuration boundaries per 1 GWh				Minimum	Standard	Maximum
	Injection rate	MWh/h		0.25	0.43	1.75
	Withdrawal rate	MWh/h		0.25	0.73	2.50
	Injection duration	Days		211	123	31
	Withdrawal duration	Days		179	70	30
	Transfer duration	Days		390	193	61
Contract term
	Start			Possible for each gas day
	Duration			At least 1 gas day, maximum of 20 years
Additional services
	Combination with other products		firm		Day-Ahead \| Within-Day \| VTP+ Trading \| Hub Trading (on request) Add on Early Injection \| Add on Late Withdrawal Add on WGV \| WR \| IR
	Combination with other products		interruptible		Pure \| Micro
	Gas transfer		On request (charges as per fee schedule; free of charge for connection contracts)
	(Partial) capacity transfer				yes

Documents
Sample contract
GTC
Operating Manual (Hub)
Fee schedule

Injection characteristic curve
IR100%	MWh/h	0.43
IRred	MWh/h	0.23
WGABI	GWh	0.68
WGAB100%	GWh	1.00

Withdrawal characteristic curve
WR100%	MWh/h	0.73
WRred	MWh/h	0.15
WGABW	GWh	0.22
WGAB100%	GWh	1.00

* These are the characteristics of the default configuration example of 1 GWh.

Product Overview

Market area	THE
Turnover duration	61 - 390 Days
Characteristic curve restriction	yes
Minimum level	no
Interruptibility	firm
Minimum booking amount	2.5 GWh
Transport	Booking and nomination by VGS
Nomination	Until 04:30 pm for the following day
Lead time for renomination	2.25 h
Implementation period	Non binding booking request:	Ten (10) woring days
	Online booking:	Two (2) working days
Transfer of ownership	no
Physical storage	yes
Transfer point	VTP THE

Service Parameter

easystore configuration boundaries per 1 GWh				Minimum	Standard	Maximum
	Injection rate	MWh/h		0.25	0.43	1.75
	Withdrawal rate	MWh/h		0.25	0.73	2.50
	Injection duration	Days		211	123	31
	Withdrawal duration	Days		179	70	30
	Transfer duration	Days		390	193	61
Contract term
	Start			Possible for each gas day
	Duration			At least 1 gas day, maximum of 20 years
Additional services
	Combination with other products		firm		Day-Ahead \| Within-Day \| VTP+ Trading \| Hub Trading (on request) Add on Early Injection \| Add on Late Withdrawal Add on WGV \| WR \| IR
	Combination with other products		interruptible		Pure \| Micro
	Gas transfer		On request (charges as per fee schedule; free of charge for connection contracts)
	(Partial) capacity transfer				yes

Documents

Documents
Sample contract
GTC
Operating Manual (Hub)
Fee schedule

Characteristic Curves

Injection characteristic curve
IR100%	MWh/h	0.43
IRred	MWh/h	0.23
WGABI	GWh	0.68
WGAB100%	GWh	1.00

Withdrawal characteristic curve
WR100%	MWh/h	0.73
WRred	MWh/h	0.15
WGABW	GWh	0.22
WGAB100%	GWh	1.00

* These are the characteristics of the default configuration example of 1 GWh.

Do you have questions or
need help deciding?

Free capacities Contact us Configure your product

Hub? Flat? Hub Trading Flat!

The name says it all: Hub Trading Flat has no characteristic curves – this means the maximum level of flexibility for you. Independent of volume levels, you can use the services anytime, whenever you need them. This lets you benefit from a trading product which opens up many opportunities for you. The natural gas is – as is true of all hub products – transferred at virtual trading points (VTP).

The product is also available at Flange - Trading Flat.

You can book the product in Easystore easily until 2 p. m. and you can use it from 6 a. m. the next day. The fee calculation is dynamic and the current market conditions are adapted. Configure your product in Easystore and in the configuration overview you will see the corresponding fee. An extended registration for online booking is necessary.

Configure in easystore

Market area	THE
Turnover duration	60 Days
Characteristic curve restriction	no
Interruptibility	firm
Minimum booking amount	2.5 GWh
Transport	Booking and nomination by VGS
Nomination	Until 04:30 pm for the following day
Lead time for renomination	2.25 h
Implementation period	Online booking:	Sixteen (16) hours
Transfer of ownership	no
Physical storage	yes
Transfer point	VTP THE

easystore configuration boundaries per 1 GWh				Standard
	Injection rate	MWh/h		1.39
	Withdrawal rate	MWh/h		1.39
	Injection duration	Days		30
	Withdrawal duration	Days		30
	Transfer duration	Days		60
Contract term
	Start			Possible for each gas day
	Duration		Booking before 01/12/20xx: Duration until 01/04/20xx+1 Booking after 01/12/20xx: Duration until 01/04/20xx+2
Additional services
	Combination with other products		firm	Day-Ahead \| Within-Day \| VTP+ Trading & Hub Trading (on request) Add on Early Injection \| Add on Late Withdrawal Add on WGV \| IR \| WR
	Combination with other products		interruptible	Micro, Pure (on request)
	Gas transfer		On request (charges as per fee schedule; free of charge for connection contracts)
	(Partial) capacity transfer			yes

Documents
Sample contract Hub Trading Flat
Supplementary Agreement Hub Trading Flat
GTC
Operating Manual (Hub)
Fee schedule

Product Overview

Market area	THE
Turnover duration	60 Days
Characteristic curve restriction	no
Interruptibility	firm
Minimum booking amount	2.5 GWh
Transport	Booking and nomination by VGS
Nomination	Until 04:30 pm for the following day
Lead time for renomination	2.25 h
Implementation period	Online booking:	Sixteen (16) hours
Transfer of ownership	no
Physical storage	yes
Transfer point	VTP THE

Service Parameter

easystore configuration boundaries per 1 GWh				Standard
	Injection rate	MWh/h		1.39
	Withdrawal rate	MWh/h		1.39
	Injection duration	Days		30
	Withdrawal duration	Days		30
	Transfer duration	Days		60
Contract term
	Start			Possible for each gas day
	Duration		Booking before 01/12/20xx: Duration until 01/04/20xx+1 Booking after 01/12/20xx: Duration until 01/04/20xx+2
Additional services
	Combination with other products		firm	Day-Ahead \| Within-Day \| VTP+ Trading & Hub Trading (on request) Add on Early Injection \| Add on Late Withdrawal Add on WGV \| IR \| WR
	Combination with other products		interruptible	Micro, Pure (on request)
	Gas transfer		On request (charges as per fee schedule; free of charge for connection contracts)
	(Partial) capacity transfer			yes

Fees & Documents

Documents
Sample contract Hub Trading Flat
Supplementary Agreement Hub Trading Flat
GTC
Operating Manual (Hub)
Fee schedule

Do you have questions or
need help deciding?

Free capacities Contact us Configure your product

Index - Products

Products

What is a hub product?

With hub products, you transfer and accept your natural gas directly at virtual trading points in the GASPOOL – Balancing Services GmbH ("GASPOOL") market area.

We take care of the transport of the natural gas from the virtual trading point to the storage facility. This allows you to profit from both physical storage of your natural gas in one of our GASPOOL market area storage facilities as well as the availability found at virtual trading points. The natural gas stored with us remains your property at all times.

We offer a variety of hub products. Their differences are found in the turnover times and characteristic curves. You can find detailed information regarding Hub Trading Flat, Hub Trading and Hub Season in the Products area.

Hub products can be booked quickly and easily using easystore.

What is a flange product?

In flange products, you transfer and accept your natural gas directly at the corresponding entry/exit points in the underground storage facilities found in the Ontras – Gastransport GmbH ("ONTRAS") network.

You take care of the booking and nomination of the natural gas transport yourself. You benefit from a two-hour notification period for Within Day renominations. The natural gas stored with us remains your property at all times.

As an additional service, we also offer the convenient transfer of natural gas to other customers using the same storage facility.

We offer various flange products with differing turnover durations, interruptibility and characteristic curves. Detailed information regarding Trading, Season and Micro products can be found in the Products area.

Flange products can be booked quickly and easily using easystore.

Do you have Add on products for Day Ahead?

We can offer you various add-on products (according to availability) for a short-term increase your storage performance.

Day-Ahead
You can book day-ahead capacities on a fixed basis for your existing trading and hub trading products. You book the capacities online in Easystore. We will inform you daily up to 11 a.m. about available capacities and corresponding fee by e-mail. Please simply send us a message to sales@vng-gasspeicher.de and you will immediately receive the daily information.
Weekend capacities can be booked on Friday. Booking on weekends is not possible.

Within-Day capacities
Within-day capacities are available to you on the current gas day as a band for rest of the day.
The capacities can be booked daily from 6 a.m. with a lead time of 3 hours.
The booking is not made online. Please use the booking form. As in the case of day-ahead capacities, the fee is determined depending on the current market situation.

The process for exceeding of capacities is regulated in our Operating Manual (§5 Subcontractual Nomination). Extra-contractual capacities are only available after prior consultation. The fee is listed in the fee overview and applies to every hour in which the contracted service is exceeded. These capacities are only available on an interruptible basis.

In which market areas can I book VGS products?

Hub and flange products can be booked at the THE and TTF market area.

Can I transfer capacities, in whole or in part, to other customers?

Yes, our customers may transfer capacities to and from each other in whole or in part. This is done as a "partial capacity transfer". You can divide one contract into two or more and transfer these to other customers.

This type of capacity transfer is available for all products excluding Micro and BioMicro.

We charge a transfer fee for this service. This is determined as follows: We calculate the service fee for the transferred capacities for a one storage year period. The fee charged to you for the partial capacity transfer shall be € 5,000.00.

Would you like to partially transfer capacities and are looking for other interested parties? We offer Secondary Marketing.

Can I also purchase services individually?

Yes – if you already have an existing basis contract with us. You are able to book the Day-Ahead product and "Add ons" as individual services using the easystore product consultant or via email (sales@vng-gasspeicher.de).

Flange
WGV, IR/WR firm and IR/WR interruptible Add ons are are available for flange products for long-term, day-ahead or within-day period.

Hub
Hub products can be enhanced with WGV or IR/WR firm Add ons for long-term, day-ahead or within-day period.

Am I able to combine products?

Yes: using the so-called natural gas transfer process. Injected natural gas volumes can be transferred between your own contracts or between different customers provided that they are part of the same type of contract valid for the same gas storage facility. This means that you are able to transfer injected natural gas volumes within a storage facility when these are part of the same type of product which have an appropriate amount of contractual working gas volume available. Natural gas may also be transferred between hub contracts.

The following is an overview of the natural gas transfer possibilities available to you:

	Trading	Trading Speicher	Micro	Mikro Speicher	Season	Hub Trading	Hub Season	Hub Trading Flat
Trading (MWh)	x	x*	x*	x*	o	o	o	o
Trading Speicher (m³)	x*	x*	x*	x*	o	o	o	o
Micro	x	x	x	x	o	o	o	o
Mikro Speicher	x	x	x	x	o	o	o	o
Season (MWh)	o	o	o	o	x	o	o	o
Saison Speicher (m³)	o	o	o	o	x*	o	o	o
Hub Trading	o	o	o	o	o	x	o	o
Hub Season	o	o	o	o	o	o	x	o
Hub Trading Flat	o	o	o	o	o	o	o	x

x =	Gas transfer is always possible.
* =	If the involved contract is for Trading or Season storage, the working gas account of the contract may not exceed 95% of the total contracted working gas volume.
o =	Gas transfers are possible subject to technical availability. You must submit a request to us in these cases. We will then check the physical natural gas storage location related to this particular hub contract.