AUCTION FOR THE REMAINING STORAGE CAPACITY IN SY19
Published 11.1.2019 14.30
The auction starts at 12:00 (Danish time) on Tuesday, 15 January 2019
Due to the current widening of the summer-winter spread, GSD has experienced increasing interest for buying storage capacity in SY19. As a result, a major part of the available capacity has been sold for prices determined by GSD incl. price guarantee.
In order to ensure that all storage customers receive a chance to bid for a storage capacity, GSD has decided to offer the remaining storage capacity (831 GWh) on a sealed bid auction with market clearing price. In order to keep momentum in respect of the widening spread, the auction is determined to start at 12:00 (Danish time) on Tuesday, 15 January 2019.
The product auctioned will be based on a 1- year seasonal flex SBU with 170 days injection capacity and 170 days withdrawal capacity (170/170 product) with an option to upgrade up to 120/60 product within 48 hours after the auction. GSD's reservation price is 2.60 €/MWh. The unit prices for additional flexibility have been determined to 750 €/MW for firm injection capacity and 3,000 €/MW for firm withdrawal capacity.
Price examples for products with upgradet flexibility:
170/85 days product - price 3.3 €/MWh
120/80 days product - price 3.5 €/MWh
120/60 days product - price 4.0 €/MWh
GSD invites all interested storage customer to participate in the auction by submitting a filled Bidding Sheet (enclosed). All terms and conditions are described in the Auction Rules.