For AggregateEU Participants
AggregateEU is our solution for demand aggregation and joint gas tendering under the EU Energy Platform. The first round of tenders was successfully completed in May 2023. Find some results below.
A successful start
May 2023: By leveraging its collective economic weight, the EU managed to attract bids from a total number of 25 supplying companies equivalent to more than 13.4 billion cubic meters of gas (bcm) – surpassing the 11.6 bcm of joint demand that EU companies submitted through PRISMA's AggregateEU mechanism.
PRISMA matched the international suppliers with the European customers, amounting to an overall volume of 10.9 bcm. This covers 8.7 bcm of gas via pipeline and 2.2 bcm of LNG.
Afterwards, EU companies were able to negotiate the terms of the supply contracts directly with the supplying companies, with no involvement of the Commission.
Vice-President Maroš Šefčovič said: "The EU Energy Platform has had a remarkable success despite being very new. It clearly shows the need for such a market place, leveraging the EU's collective economic weight to increase our energy security and tackle high gas prices. The Commission has played its role as aggregator and matchmaker, and now it is for the respective parties to conclude their agreements. It is a win-win for European customers and for international suppliers." Watch the press briefing.
This exercise will support the EU countries' efforts to meet their gas storage obligations for the winter while strengthening the collective energy security at competitive prices. Further tenders will follow every two months until the end of year. The second tendering round was launched in late June 2023.
Image: © European_Commission, 2023
More than another Trading Hub
AggregateEU has been developed for the EU Energy Platform, which aims to pool the gas demand in Europe to secure the energy supply. AggregateEU is a mechanism designed to match buyers and sellers of natural gas and LNG via the PRISMA platform while ensuring equal treatment and preventing market manipulation.
With AggregateEU we created a new opportunity to procure gas in addition to existing marketplaces or practices. It brings additional value to the market participants with demand aggregation, increased transparency and new forms of cooperation. This brings particular benefit for, but is not limited to, smaller companies or those in landlocked countries, from demand aggregation – given the size of their demand or their lack of experience in contracting LNG.
Further, AggregateEU enables demand aggregation by individual companies or by groups of companies via the establishment of cooperation models such as central buyers and agents on behalf.
AggregateEU organises tendering rounds every two months. Participating in an AggregateEU tendering round (i.e. per month, per location) will involve four steps:
- Demand aggregation and tendering
- Matching between buyers and sellers
- Contracting (outside the platform)
- Procurement transparency
On the demand side, companies established in the EU or in the Energy Community countries can take part in demand aggregation and joint purchasing of gas, either alone or through a central buyer.
On the seller's side, both EU and non-EU companies will be able to participate.
Companies will have to follow a two-step process to participate in AggregateEU. First, they will need to register with PRISMA. Second, they will need to subscribe to AggregateEU. We explain both processes in detail in the linked articles in our AggregateEU Hub. In it, we also explain all phases of a tendering process in detail and all the requirements for participating in AggregateEU.
If you have any further questions, you can find an extensive list of questions and answers on the EU Commission's website.
Furthermore, you can contact our customer success team. We look forward to helping you.
Do you need more information about our services? We have a team of experts constantly working to gain the best understanding of your needs, please do not hesitate to contact us.
What we do
PRISMA operates Europe’s leading gas capacity trading platform. With the ability to serve a high number of TSO and SSO backend systems, PRISMA provides a single platform through which TSOs, SSOs and shippers may market gas capacity at both primary and secondary market levels.