What is special about our products is that they are as unique as every single one of our customers. Whether you require high turnover frequency and speed or the option to manage seasonal energy portfolios, we offer the exact match in a specially designed high-reliability product. You could say that your business model drives our innovation. The process is straightforward and robust, from instant innovation to real deal. The gas is always physically stored and remains your property, which can be rolled-over to a next-year product.
We offer volume, injection and withdrawal storage capacities as bundled or unbundled products.
To describe our product range, which is associated with the speed for the gas injection into storage and the gas withdrawal from storage, we usually count the days for injection and withdrawal. For example a “170/85 days” product means 170 days’ injection and 85 days’ withdrawal.
Our usual product range is from 170/85 to 30/30. Within this range you can request all variations as shown in the matrix below.
We can offer you even higher speed than 30/30, for instance 10 days’ injection and 10 days’ withdrawal, but only if our assessment of the availability of such product results in an approval. The available volume depends on the required speed and our global storage sale. The faster product you require the more limited volume we can offer you.
Storage capacity can be booked either by contacting us directly (FCFS) or via preannounced auctions.
Even we sell the capacity on auctions, we usually offer an opportunity for product customization to all successful bidders after auction close. For example, if we auction a “170/85 days” product (170 days’ injection/85 days’ withdrawal), you will have an opportunity to book additional flexibility (e.g. up to “120/60 days”) by giving us a notice within a preannounced time window after auction close. The price for extra flexibility will be published together with the Auction Rules.
Comprehensive and transparent product management is a focus point for us.
We offer capacities as a combination of seasonal capacity (170 days’ injection/85 days’ withdrawal, ie. “170/85 days” product) plus an acceleration fee in order to adopt to the exact speed requested by you (e.g. up to “30/30 days” product).
Our experience shows that this is considered very convenient and adequate by most of our customers. The additional speed (injection or withdrawal) can be added when the contract is concluded or even later, if you wish to adjust the speed of your storage capacity.
The price would always be based on the value that a specific ingredient may generate during its life-time cycle according to the forward market at the time of valuation.
Our price model is based on the value that our storage customer generates by injecting gas during periods of low demand and price, and withdrawing gas during periods of high demand and price.
The revenues are commonly named as intrinsic and extrinsic.
The driver of the intrinsic value is the spread between summer and winter prices. The spread can be observed, calculated and hedged at the time of valuation of the storage product we offer.
The extrinsic value refers to all other values that can be generated by the storage facility, but can only be observed and hedged to a certain extent at the time of valuation. The level of extrinsic value is a complex function of seasonal spreads, spot price spikes due to market dynamics and liquidity constraints.
Your ideas are important to us as we focus on product innovation.
We gain insight, capture ideas and positive signals through dialog, and then we use our agility and our technical expertise to create a playground for a joint development process. In the beginning, minor tests are made, but in longer term, the tests grow into real products. On this “playground”, we have developed a range of products that, in particular circumstances, can be offered to interested customers.
You are welcome to contact us about the pricing of a particular storage product.
We will respond right away by valuation of availability and offering a price model for the calculation of a market-based price for the requested product.
When a price model has been agreed on, we will also forward an actual price offer for further discussions.