Upcoming auction info

Short-Term Auction 22^nd of October 2024

Gas Storage Bergermeer (GSB) has a total of 8.0 TWh Standard Bundled Units (SBU’s) capacity available for period of 3 years, 6 TWh indexed and 2 TWh fixed price, starting in Storage Year 2025. The indexed auction has a minimum 2.20 €/SBU  and the fixed priced has minimum price of 3 €/SBU.

For the auction there is an important precondition that you need to have in place the Standard Storage Services Agreement 2.0 . The SSSA 2.0 is an update from the current version and will be applicable from the 1st of April 2025.

Please note TAQA may terminate or change the processes as shown below at its sole discretion at any time. 

Short Term Auction 22^nd of October 2024

In order to participate in this auction, customers must have the following in place at least six business days prior to the auction:

1. Signed Short-Term Auction Oktober 2024 Annex I in Auction Rules)
2. Provide a duly executed Power of Attorney ( Annex II in Auction Rules)
3. New SSSA 2.0 
4. Completed KYC GSB form: to be filled in once and upon changes by customers. This is required for all customers.
5. If requested – provide most recent financial figures in order to establish a bidder limit.

This includes evidence that the person signing this document is authorised to represent the company; like a Chamber of Commerce extract or comparable, such document being not older than three months at the time of the auction).

Short-Term Auction December 2024

Details to be announced soon.

Optimization Agreement 

In February 2025 we will allocation the new volumes under the Optimization Agreement SY24 (OA) this is a two-legged process, resulting each year in three to four customers that are selected to optimize the capacity on GSB’s behalf. The first step is to award the current OA customers that generated most value for GSB during SY24. The second step is to award a new customer for SY25.

Any SSSA customer interested to participate in the tender for this is invited to reply on the below four points before (deadline to be announced):

1. A firm proposal for the GSB share (%) of the Additional Value and, if applicable, for the Financing costs.
2. A pitch (one-page maximum) why your company is well equipped to maximize the Additional Value.
3. Your agreement with the terms and conditions of the GSB Optimization Agreement 
4. Only if requested by TAQA: provide additional information for a credit check.

Based on the responses on 1-4 and at TAQA’s sole discretion, an OA will be allocated to the three to four customers with the most attractive proposition, at TAQA’s sole discretion.

Based on the responses on 1-4 and at TAQA’s sole discretion, an OA will be allocated to the three to four customers with the most attractive proposition, at TAQA’s sole discretion.