AUCTIONING OF SHORT AND LONG OPTIONS
2 auctions will be conducted on 4 June 2019
GSD is pleased to inform you that on 4 June 2019 at 11:00 Danish time GSD shall conduct an auction for the rights to purchase 2 TWh with deadline 2 September 2019, short option.
On the same day 4 June 2019 at 13:00 GSD shall conduct a second auction for the rights to purchase 1 TWh with deadline 31 January 2020, long option.
The short option (2 TWh) is addressed to Storage Customers, who wish to bundle Ellund-capacity with corresponding storage product. With secured option for storage, participants in the yearly PRISMA-action scheduled on 1 July 2019 will be able to exercise their rights to purchase storage conditionally on the outcome of the PRISMA-auction.
The long option (1 TWh) is addressed to Storage Customers, who wish to hedge conditionally on the market development.
GSD invites all interested Storage Customers to participate in the auctions.
All terms and conditions including product descriptions and reservation prices are described in the following documents:
- 11:00 AM 4 June 2019, short option Auction Rules I Bidding Sheet
- 13:00 PM 4 June 2019, long option Auction Rules I Bidding Sheet
If you have any question please do not hesitate to contact us.