Balancing group managers

Balancing group managers

Press Release

THE to tender further Strategic Storage-Based Options Options

Berlin/Ratingen, 25 May 2022 • To ensure security of supply in the market area, Trading Hub Europe GmbH (THE) is launching another tender for Strategic Storage-Based Options (SSBO) level 1.

The background to the tender is the amended Energy Industry Act, which provides fill level specifications for gas storage facilities. THE has been given a catalog of measures by law to contribute to security of supply, whereby the storage in stage 1 is primarily filled by market participants. Tenders of SSBO at level 1 serve as an additional incentive for storage filling.

Bids as part of the nation-wide call for tenders can be submitted to THE between May 30, 2022, 1 p.m. and June 13, 2022, 1 p.m. A total requirement of 35,717,500 MWh is tendered. The contracts will be awarded by THE by June 14, 2022, 11 a.m.

The pre-qualification conditions, the terms and conditions for the level 1 SSBO and other information are published on the THE website.