TAQA sells offered Bergermeer storage capacity storage year 2019

Today TAQA sold all 8.25 TWh offered for storage year 2019 during two separate auctions.

The first auction offered 4 TWh on a fixed price basis and applied a reserve price of 1.50 €/SBU. This capacity was sold with a cut-off price of 1.87 €/SBU and a weighted average price of 2.08 €/SBU. Overall demand above the reserve price was more than five times the capacity on offer.

The second auction offered 4.25 TWh on an indexed price basis and applied a reserve multiplier of 1.1. This capacity was sold with a cut-off multiplier of 1.26 and a weighted average multiplier of 1.28. Overall demand above the reserve multiplier was three times the capacity on offer.

For storage year 2019 another 1 TWh will be tendered in January under the Optimization Agreement and the final 3 TWh will be offered on a fixed price basis on 12th of February 2019. Click here for more information.