AggregateEU Updates | January
First Mid-Term Tender on AggregateEU!
Dear Reader,
The year has barely started, but we are thrilled to already bring you good news: AggregateEU will not only remain active in 2024 but will also expand its services!
So far, you've had the opportunity to participate in short-term tenders by submitting your monthly demand until March 2025.
To address the market’s growing demand for stability and predictability in gas demand and supply, we, on behalf of the European Commission, have broadened our product portfolio by introducing Mid-Term Tenders.
in these tenders, you will be able to submit your demand for seasonal six-month periods until October 2029.
The first Mid-Term Tender on AggregateEU is scheduled to begin on February 15, 2024.
The subscription deadline is February 12.
Timeline first Mid-Term Tender
Next Steps: Matchmaking & Negotiation
Matchmaking
Mid-Term Tenders allow you to submit demands for seasonal six-month periods: Summer and Winter. The Summer Period goes from April 1st to September 30th, while the Winter Period goes from October 1st to March 31st of the next year. The earliest possible delivery is currently planned for Summer 2024.
You can submit your demand for up to five years - that is, ten consecutive six-month periods –, starting on April 2024 and ending on October 2029. Your demand must meet the minimum stipulated quantity for each relevant product - that is, LNG (1,800,000 MWh) or NBP (30,000 MWh).
The demand at a particular location for a particular period will NOT be aggregated. Instead, each demand will be published as a separate tender in which sellers can express their interest. As a buyer, you will be displayed to sellers under a pseudonym to ensure fairness.
Mid-Term Tenders are intended to:
- support industrial consumers in exploring additional trading options under a pseudonym, i.e. attract buyers purely based on the demand profile;
- support sellers in identifying buyers who might be interested in a longer trading partnership – that is, up to 5 years;
Note that, to participate in this process, you must already have a PRISMA account and a subscription to AggregateEU. You can find instructions on how to register and subscribe here.
Prepare Yourself with PRISMA’s Help
The first Mid-Term Tender on AggregateEU is scheduled to begin on February 15, 2024. The subscription deadline is February 12.
To ensure all participants are well-prepared, PRISMA is organizing a webinar for interested market players on 30.01.2024 from 10:00 to 11:30 CET.
The session will cover:
- What mid-term tenders are;
- How buyers can submit their demand;
- How sellers can express their interest to sell;
- How mid-term tenders differ from short-term tenders;
This demo will be followed by a QA with DG ENER and PRISMA representatives.
We kindly ask all participants to register for the webinar by January 28, 2024.
If you are too curious to wait, you can already read the relevant articles at the AggregateEU Hub.
With our regular AggregateEU Updates, we will keep you posted about the latest developments. For further questions, don’t hesitate to get in touch with our Customer Success Agents.