First EnergyStock auctions via PRISMA
First EnergyStock auctions via PRISMA for the Storage Year 2025 will be held in December.
Leipzig, November 18, 2024 – PRISMA European Capacity Platform GmbH is pleased to announce that EnergyStock has joined PRISMA and intends to hold its first auctions in December. EnergyStock plans to auction its one-year firm flexibility services for Storage Year 2025 on Thursday, December 5, 2024.
Two bundles will be offered, with the first bundle being faster than the other. Both auctions will take place on the same day via the PRISMA platform.
The delivery point for both bundles will be TTF. The auction for the first, faster bundle will start at 11:00 CET, and the auction for the second bundle will start at 14:00 CET.
Auction Details
The number and composition of the bundles will be finalized after EnergyStock completes its long-term contract sales process. The minimum quantity of working gas volume available for short-term contracts is approximately 0.5 TWh. The auction document with further details will be shared on Monday, November 25.
Participation
To participate, please inform EnergyStock by emailing info@energystock.com no later than Friday, November 22. Participation requires agreement to their updated General Terms and Conditions (GT&C) effective from Storage Year 2025, by signing a Declaration of Acceptance (DoA). If you have already signed a DoA for the GT&C for Storage Year 2023 TTF, you do not need to resubmit.
EnergyStock will then prepare a credit control report, which will establish the applicable credit limit for each customer. Instructions can be found in EnergyStock’s Credit Control Protocol. All relevant documents, including the contract sheet, are available on their website.
To participate, companies must also be registered on the PRISMA platform and have a valid assignment with EnergyStock. Detailed registration information is available in the PRISMA Knowledge Base.
The above requirements must be met by Friday, November 29, to participate in the auction(s). A confirmation of participation will be sent via email.
If you have any questions, please reach out to Kars Schoemaker or Antwa Munnik from EnergyStock. Contact information is available here.
About EnergyStock
EnergyStock is a Dutch energy storage company and is a fully owned subsidiary of Gasunie. It specializes in fast-cycle underground natural gas storage, using salt caverns to provide highly flexible storage solutions. With the ability to switch between full injection and withdrawal within 30 minutes, this fast-cycle storage enables rapid response to fluctuations in energy demand and renewable supply. In addition to gas storage, EnergyStock develops tailored solutions to optimize energy portfolios and manage risk, supporting energy companies in effectively integrating renewables. For more details, visit: www.energystock.com.
