Term

Definition

Access Key

The non-transferable identifier for the access of one particular User to the system of the PRISMA Platform. The Access Key is either a hardware token or a software solution.

Alternative Currency

A currency other than the Base Currency accepted by a TSO for the purpose of enabling a Customer to visualise Bids in this currency and in the Base Currency during an auction.

Anonymous Transaction

(i) In relation to all non-OTC trading procedures that a capacity transaction is kept anonymous until it is concluded; and,

(ii) if supported by the relevant TSO and in the case of capacity assignments with nil value only, that the transaction remains completely anonymous during the entire contracting process.

Applicable Regulations

All international, European or national law (whether in the form of a constitution, directive, regulation, act, statute, statutory instrument or decision) directly applicable to an entity which has rights or obligations under the GTCs of the PRISMA Platform, and which determines how its rights under these GTCs may be exercised or its obligations under these GTCs may be fulfilled.

Applicable TSO Terms or ATTs

The TSO specific additional terms and conditions appended to the GTCs of the PRISMA Platform which reflect TSO specific requirements (e.g. mandatory requirements under Applicable Regulations or industry practices in the TSO’s jurisdiction for a relevant Bid and capacity allocation process) and which form an integral part of the GTCs of the PRISMA Platform.   

Bankers Rounding

Rounding of the value to the nearest even number behind the comma, for example:

·       >= 5 it will be rounded up (e.g. 2,55 rounded to 2,6)

·       < 5 it will be rounded down (e.g. 2,42 rounded to 2,4)

Base Currency

The currency in which the TSO charges its capacity and transportation services in accordance with Applicable Regulations or TSO TTCs.

BIC

The bank identifier code.

Bid

The submission of a request for capacity in accordance with the Applicable Regulations and the applicable TTCs or GTCs of a System Operator to obtain a booking of capacity.

CAM NC

Commission Regulation (EU) No 2017/459 establishing a Network Code on Capacity Allocation Mechanisms in Gas Transmission Systems and repealing Regulation (EU) No 984/2013.

Centralized European Registry of Energy Market Participants (CEREMP)

An online database established and maintained by the Agency for the Cooperation of Energy Regulators (ACER).

CFO

The call for order procedure as further described in Art. 10, para. 1 (1.2) and Art. 21, para. 1(1.2) of the General Allocation Rules.

Customer

An actual or potential System User of a System Operator, which may include a  System Operator  acting as a  System User to carry out its functions in relation to transmission/storage/LNG facility operation in accordance with the Applicable Regulations.

EIC

Energy Identification Code.

ENTSOE

European Network of Transmission System Operators for Electricity.

ENTSOG

European Network of Transmission System Operators for Gas.

FCFS

The first-come-first served procedure as further described in Art. 10, para. 1 (1.3) and 21, para. 1 (1.3) of the General Allocation Rules.

Financial Instrument

An instrument in the meaning of section C of Annex 1 referred to in Art. 4 (1) (15) of Directive 2014/65/EC of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments (MiFID II), as implemented by any national law (whether in the form of a constitution, directive, regulation, act, statute, statutory instrument or decision), and any European or national law supplementing or amending it. 

General Allocation Rules

The provisions outlining the specific rules and procedures for capacity-allocation offers in accordance with the Applicable Regulations, and which form an integral part of the GTCs of the PRISMA Platform.

General Data Protection Regulation (GDPR)

Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016.

General Terms and Conditions (GTCs)

The general terms and conditions of PRISMA that apply for all Platform Usage Contracts (PUCs) between Customer and PRISMA concerning the use of the PRISMA Platform. This glossary, PUC, General Allocation Rules, Service Specific Terms and the Privacy Policy form an integral part of the General Terms and Conditions.

HNO

A hydrogen network operator in the meaning of Article 2 (25) of Directive (EU) 2024/1788.

HSO

A hydrogen storage operator in the meaning of Article 2 (6) of Directive (EU) 2024/1788.

IBAN

The international bank account number.

LNG

Liquefied natural gas.

LNG Product Offer

A product offer of an LSO that is published on the PRISMA Platform. The respective LNG product, data, conditions and specifications are compiled under the sole responsibility of the respective LSO and subject to the respective LSO GTCs.

LNG System User

An actual or potential LNG system user of an LSO, which may include an LSO acting as LNG System User to carry out its functions in relation to operation of an LNG facility in accordance with the Applicable Regulations.

LSO

An LNG system operator in the meaning of Article 2 (34) of Directive (EU) 2024/1788.

Network User

An actual or potential network user of a TSO or an HNO, which may include a TSO or an HNO acting as network user to carry out their functions in relation to transmission in accordance with the Applicable Regulations.

Offering Network User

The Network User placing a capacity offer via the PRISMA Platform.

OTC

Over the counter procedure as further described in Art. 10, para. 1, (1.1) and Art. 21, para. 1. (1.1) of the General Allocation Rules.

Pending Network User

A Network User that has been temporarily suspended by one or more TSOs in booking or buying capacity.

PIN

The personal identification numbers.

Platform Usage Contract or (PUC)

A contract concluded between the Customer and PRISMA subject to the GTCs following the successful registration of the Customer.

Power of Attorney or (POA)

Authorization granted by the legal representative of a Customer to the User Administrator(s) to exercise the functions and obligations described in Art. 7.

PRISMA

PRISMA European Capacity Platform GmbH acting as the operating company of the PRISMA Platform.

PRISMA Platform

An IT infrastructure, in other words an electronic platform, for primary and secondary natural gas capacity booking and trading and for System Operators Services operated by PRISMA.

Privacy Policy

Provisions that describe how PRISMA collects, processes, protects, and manages personal data in accordance with applicable data protection laws.

Qualified Electronic Signature

Qualified Electronic Signature as referred to in Article 3 (12) of Regulation (EU) No 910/2014.

Reference Exchange Rate

The exchange rate between the Base Currency and an Alternative Currency determined by PRISMA in accordance with Art. 7, para. 3 of the General Allocation Rules.

Regulation on Wholesale Energy Market Integrity and Transparency (REMIT)

Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency.

Requesting Network User

The Network User placing a capacity request via the PRISMA Platform.

Reserve Price

The eligible floor price in the auction. The Reserve Price is determined in accordance with the respective Applicable Regulations as:

(i) the capacity tariff as calculated using the methodology set and/or approved by the national regulatory authority, or

(ii) the capacity tariff set and/or approved by the national regulatory authority.

Response

The acceptance of a Trade Proposal in connection with offering or requesting capacity on the secondary market.

RSS feed

Web feed that allows Customers, to receive updates about the PRISMA Platform: https://corporate.prisma-capacity.eu/prisma-umm/page/30/

Service Specific Terms

Provisions that set out the additional terms and conditions governing the use of particular services, features, or other offerings that are ordered or subscribed to.

SSO

A natural gas storage system operator in the meaning of Art. 2 (32) of Directive (EU) 2024/1788.

SSO GTCs

The terms and conditions applied by a SSO for inter alia allocation, specification and use of the respective SSO’s storage product.

SSO Service

The service provided by PRISMA under a separate section of the PRISMA Platform for SSOs to facilitate the marketing of the SSOs’ Storage Product Offers.

Storage Product Offer

A product offer of a SSO that is published on the PRISMA Platform. The respective storage product, data, conditions and specifications are compiled under the sole responsibility of the respective SSO and subject to the respective SSO TTCs.

Storage User

An actual or potential storage user of a SSO or an HSO, which may include a SSO or an HSO acting as storage user to carry out its functions in relation to storage in accordance with the Applicable Regulations.

System Operators

Any infrastructure operator providing services on PRISMA, including, but not limited to, TSOs, HNOs, LSOs, SSOs, and HSOs.

System User

Any natural or legal person that accesses or uses the PRISMA Platform to interact with gas infrastructure services. This term includes, but is not limited to, Network Users, Storage Users, and LNG System Users.

Text Form

Where Text Form is required, the statement must be made in a document or in another manner suitable for its permanent reproduction in writing, the person making the declaration must be named, e.g. declarations via email and facsimile.

Token Device

Hardware or software solution assigned to the User Administrators to authorize access to the PRISMA Platform.

TSO TTCs

The terms and conditions applied by a TSO for capacity allocation and gas transportation in accordance with the Applicable Regulations.

Trade Proposal

The placing of a capacity offer or a capacity request on the PRISMA Platform.

TSO

A transmission system operator in the meaning of Art. 2 (18) of Directive (EU) 2024/1788.

Urgent Market Message

Market information according to REMIT

User

Natural person acting on behalf of the Customer being authorised by a User Administrator(s) to book and trade capacities on the PRISMA Platform; and/or place Bids .

User Administrator

User Administrator is a natural person granted by the Customer, via PoA, the legal capacity to perform the functions and obligations as stipulated in Article 7.

VAT

Value added tax.

Volume Bid

A Bid expressed in a unit of capacity which is (i) kWh (GCV 25°C) per hour or (ii) kWh (GCV 25°C) per day according to the respective TSO TTCs, where kWh (GCV 25°C) shall mean that quantity of heat expressed in kilo Watt-hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapour as the Natural Gas and air before combustion.

Written Form

1)the printed-out document identifying the signatory and the legal entity represented by signatory as the party to be bound by the PUC, which shall be signed in wet ink and with a legible signature (submitted as scanned pdf file); or 2) pdf document signed with a digital signature.

A digital signature, within the meaning of these GTCs, is a certificate-based digital signature that requires the signatory to authenticate their identity using a certificate-based digital ID from Trust Service Providers defined in Article 3 (19) of Regulation (EU) No 910/2014 and demonstrate proof of signing by binding each signature to the document with cryptography. It could be an Advanced Electronic Signature within the meaning of Article 26 of Regulation (EU) No 910/2014 or a Qualified Electronic Signature.