Balancing group managers

Balancing group managers

Press Release

THE informs about storage activities

Berlin/Ratingen, April 3, 2023 • At the end of the 2022/2023 storage year, Trading Hub Europe GmbH (THE) has left a total of 37 TWh of the volumes procured in 2022 in accordance with §35c EnWG in the storage facilities. Against this background, as well as because of the relatively high storage levels for the current season and the existing market incentives for filling the storage facilities, no SSBO tenders are currently planned by THE.

In 2022, nearly 50 TWh was procured and stored in various storage facilities by THE. By March 31, 2023, nearly 12.5 TWh of that amount had been sold. The remaining volumes will continue to be left in the Rehden, Katharina and Wolfersberg storage facilities in coordination with the relevant authorities. For this purpose, THE had already contracted corresponding storage capacities for the 2023/2024 storage year in February 2023.

"Storage levels are at a good level with about 64% in Germany and 55% in the EU. The volumes THE continues to store contribute to this. We will closely coordinate the further use of these volumes with the responsible authorities and monitor further developments," says Torsten Frank, Managing Director of THE.