SY2023, AUCTION ROY
DAILY AUCTIONING OF INCREMENTAL CAPACITY IN OCTOBER 2023
As is customary when the end of injection season approaches, GSD has reassessed the expected performance of our two sites for the rest of the season. Based on the favorable gas composition of the already stored Natural Gas, GSD is pleased to announce that our reservoir specialists have identified the opportunity for daily incremental injection of additionally 80 GWh in total.
The capacity will be offered for sale on more than one daily auction, the first one on the 11th of October 2023 with daily deadline for submitting bids at 14.00 Danish time. Successful participants are expected to inject an amount of Natural Gas corresponding to the won Firm Volume Capacity on the next gas day.
There will be more than one daily auction as the injection needs to be performed at a slow pace. On each auction day, GSD will inform individual participants about their auction result at 15.00 Danish time.
In addition, GSD will inform the market about the volume weighted price of the daily auction and the offered capacity on the next day’s auction. Please note that, to receive the last information, Storage Customers will need to subscribe to news from GSD by using the link SUBSCRIBE on the bottom right side of this page.
The daily auctions will be pay-as-bid auctions.
All other terms and conditions including product description, reservation price, are described in the Auction Rules which can be downloaded on the right side of this page as well as a standard bidding sheet required for the participation.
GSD invites all interested storage customers to participate.
Please contact us in case of any questions.