PRISMA will operate AggregateEU
PRISMA has been awarded the tender for the operation of the demand aggregation and gas tendering platform of the EU.
Leipzig, January 30, 2023 - PRISMA European Capacity Platform GmbH is glad to announce it has been officially awarded the tender for the operation of the demand aggregation and joint gas tendering platform of the EU.
On 19 December 2022, EU energy ministers agreed to create the demand aggregation and joint gas tendering platform. The President of the European Commission, Ursula von der Leyen, explained:
“By making joint purchasing of gas a reality, we will use the EU's economic and political weight to secure more supplies for our citizens and industry.”
EU Member States and Energy Community contracting parties will use the platform to jointly aggregate their demand for gas volumes in order to fulfil their gas storage obligations for 2023.
Pooling demand will ensure better leverage when it comes to buying gas on global markets and prevent member states from outbidding each other. Gas companies will also be able to conclude purchasing contracts via the platform, either individually or jointly.
The European Commission has now commissioned PRISMA to set up the joint purchasing mechanism and manage the operation of the platform, whose primary function will be the handling of all processes related to demand aggregation and joint purchasing. The platform will be called AggregateEU.
“We are glad and proud that we were able to offer a convincing solution to the European Union in such a short amount of time”, said Götz Lincke, PRISMA’s Managing Director, “In these turbulent times, this project comes with great responsibility. So, we are honored to accept it and to make our contribution to the security of Europe's future energy supply.”
The European Commission intends to have concluded the first joint purchasing of gas before this summer. PRISMA has already started to conduct an in-depth study to ascertain the necessary procurement processes and deliver future-proof, forward-looking solutions.
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PRISMA is the leading platform for gas movement around Europe. The company runs and manages its own cloud-based software, seamlessly connecting around 20 markets by granting digital access into the European energy infrastructure to more than 3.000 players. PRISMA’s main goal is to be a driving force in establishing a fair, transparent, and integrated market that truly benefits the economy and the society.
About the EU Energy Platform
The EU Energy Platform was established in April 2022 to secure the EU's energy supply at affordable prices and to reduce its dependence on Russian gas. The Platform has played a significant role in EU’s diversification efforts in 2022, facilitating the signing of Memoranda of Understanding with key gas exporting partner countries, and enhancing international outreach to support the REPowerEU Plan. It will now focus on organising demand aggregation and joint purchasing of gas for the storage filing season of the upcoming winter (2023-24).
Content and Relations Manager
PRISMA European Capacity Platform GmbH
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