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For AggregateEU Participants

AggregateEU is our solution for demand aggregation and collaborative gas tendering within the EU Energy Platform. In 2023, reliable suppliers successfully matched a combined volume of 42.13 billion cubic meters of aggregated European gas demand across four rounds.

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61 bcm | Supplier Bids
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54 bcm | Aggregated Demand
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42 bcm | Matched Demand

AggregateEU: A Success Story

In April 2023, the EU Energy Platform launched the first tendering round via AggregateEU. 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 supported the EU countries' efforts to meet their gas storage obligations for the winter while strengthening the collective energy security at competitive prices. Further tenders followed every two months until the end of the year.

In December 2023, the European Union established the legal framework allowing PRISMA to operate AggregateEU for another year. You can read the full success story here.

Image: © European_Commission, 2023

 

Results of past rounds

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About AggregateEU

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.

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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.