Currently, the storage year starts 1 May and ends 30 April the following year in the storage facilities of GSD. As known, the seasonal contracts on hubs are traded for the period starting on 1 April and ending on 31 March.
Pursuant to GSD’s market consultation on storage 2022-2037, we can conclude, that a majority of the storage customers would prefer to align the storage year with the standard contracts traded on hubs. Therefore, GSD has decided to perform a transition to have the storage year start 1st April instead.
However, as such a transition will affect the operations of the storage facilities in respect of already concluded storage agreements with end date 30 April 2022, GSD will handle the transition in a rolling manner as agreed with each customer. The goal is to have all storage agreements aligned with the new storage year start per 1st April 2023 at the latest.
If you have any questions, please do not hesitate to contact us.