Balancing group managers

Balancing group managers

Press Release

THE diversifies storage management strategy

Berlin/Ratingen, 14 November 2022 • Trading Hub Europe GmbH (THE) further diversifies the storage management strategy. In addition to using the stock exchange spot and futures market, THE will shortly also use the enmacc platform for futures market management. A corresponding license agreement between enmacc and THE will be concluded.

The background to storage management by THE is the amended Energy Industry Act, which came into force on April 30, 2022, which in particular provides filling level specifications for gas storage facilities. In order to achieve the filling level specifications, gas among other things was procured by THE, with the primary aim of increasing security of supply.

“Our management strategy has been coordinated with the Federal Ministry for Economic Affairs and Climate Action and the Federal Network Agency. Since October, we have diversified this through the additional use of the futures market. The enmacc platform now supplements THE options for action in market activities, both when buying and selling gas volumes," says Torsten Frank, Managing Director of THE.