Upcoming auction Storage Year 16
TAQA is pleased to confirm that the remaining 2 TWh available for Storage Year 2016 will be auctioned on Thursday 23 June 2016.
Full Standard Bundled Units (SBU’s) will be offered, starting on 1 July 2016 until 31 March 2017. The product is allocated on a fixed price basis (not indexed) and no reserve price will apply. Bids can be submitted to the notary (Allen & Overy) via email during a one hour time slot, 11.00-12.00 am CEST.
In order to participate in the auction, by 17 June 2016 at the latest, customers must:
- Sign a Standard Storage Services Agreement (SSSA) (link)
- Sign the Auction Rules 2016 (link)
- Provide a Power of Attorney
- Provide any information required to establish a bidder limit
Additionally, customers are only allowed to participate in the auction when fully connected with GSB IT per 1 June 2016. This condition is added given the short notice.
For more information, please read the Auction Rules or contact GSB (GSB@taqaglobal.com).