AggregateEU Updates | August
Get Ready for Round 3 via AggregateEU!
Dear Reader,
We are thrilled to announce the third tendering round via AggregateEU will be launched on September 21. At 09:00 CEST we will open the Demand Collection process for companies which subscribed to AggregateEU. The window stays open until September 27, 18:00 CEST.
The submitted demand will be subsequently aggregated and ultimately matched with sellers’ offers through a tender. If you want to participate, make sure you are registered and submit your subscription documents to AggregateEU by September 18.
For help with registration and subscription, refer to the AggregateEU Hub. To participate in the Demand Collection, click here.
For more details, just read on!
Yours,
The PRISMA team
Phase 1: Demand Collection and subsequent steps
On September 21, we start with phase 1 of the Tendering Round: The Demand Collection. It will allow for demand and bids to be placed for the months of November 2023 until and including March 2025.
Based on this, AggregateEU will aggregate the submitted demand. You can then evaluate whether you want to proceed to the tendering and matching phases or decline to do so.
AggregateEU uses the confirmed, aggregated demand to create and publish tenders for sellers to bid on and subsequently match the demand to their offers. Participants will use the matching results to negotiate and conclude contracts outside AggregateEU to acquire gas for specific locations and months.
Finally, buyers are required to report contracts that have been concluded or that are in negotiation back to AggregateEU.
Each tender process happens in successive phases and lasts roughly two weeks. The whole process is explained in our AggregateEU Hub.
Please note
- Participation in a tender does not bind or entitle you to purchase gas. Contracts will be negotiated and concluded outside AggregateEU.
- Companies can seek to facilitate negotiation and contract conclusion by leveraging the services of companies acting as Central Buyers or Agents on Behalf. You can learn more about these services in the linked article.
- If you need financial support for your upcoming transactions under AggregateEU, you may receive support from certain public financial institutions. Please refer to our AggregateEU Hub to learn about available support, the related conditions, and the contact details.
Improvements for Buyers & Sellers
We are constantly working on implementing solutions to enhance the user experience of AggregateEU. To ensure you are well-prepared for the upcoming tender round, we will provide you with an update one week before. This update will outline the improvements made to AggregateEU, making it even more user-friendly and efficient.
With our regular AggregateEU Updates, we will keep you posted about the latest developments. For further questions, don’t hesitate to get in touch with our Customer Success Agents.
