Uniper Energy Storage: Marketing of 7Fields 90/90 product at indexed price

Uniper Energy Storage GmbH (UST) offers storage capacities in 7Fields at indexed-price starting on 1 June 2018 for the remaining storage year 2018/19. The storage facility is connected to the market areas NCG (standard) and CEGH (optional). Customers can choose if they wish to conclude a supplemental agreement for transport in Austria.

In total up to 97 storage bundles (1,632 GWh) are available. The bundle structure enables a flexible usage with an injection within 89 days and withdrawal within 89 days.

Firm working gas capacity: 16.833 GWh
Firm withdrawal rate: 10.00 MWh/h
Firm injection rate: 10.00 MWh/h

The price for the Indexed Product 7Fields 90/90 is linked to the Q1-DA spread. Bidders can submit their bid on the Variable A for the price formula during the auction. Irrespective of the trend in the Spread, a minimum price shall apply for the specific storage fee (P). To determine the minimum price the bidder submits a bid on the Variable B.

 

The price formula is:     P (€/MWh) = Q1-DASpread + A

Minimum price:             B (€/MWh)

Further information and the respective contract documents can be found in the published auction.

The auction runs on 17 May 2018 between 12:30 and 13:30 hours CET in the Storage Portal of UST. This auction replaces the formerly announced “Fixed Price Auction 7Fields 90/90”.

Bids can only be submitted via the Storage Portal of UST. In order to be able to participate in the auction, the bidder needs to be an “Advanced User” in the storage portal. Kindly register and fill in the authorization form which you can download in the area “My Account” in order to become an “Advanced User”.

Your regular contacts will always be pleased to answer any queries and receive any comments you may have.