AggregateEU Updates | September I
What’s new in round three?
Dear Reader,
Exciting news! The third tendering round is just around the corner, and we want to make sure you're well-prepared for it.
The third tender will kick off on September 21st at 09:00 CEST. On that day, the Demand Collection Phase will begin for companies that have subscribed to AggregateEU as buyers. This window will remain open until September 27th at 18:00 CEST.
If you’d like to participate in this round, make sure you register on the PRISMA Platform and submit your subscription documents to AggregateEU by September 18th. If you need assistance with the registration and subscription process, don't hesitate to consult the AggregateEU Hub or contact our Customer Success Team.
Yours,
The PRISMA team
Enhancements for Buyers & Sellers
At PRISMA, we're committed to listening to your feedback and improving your experience. So, for the upcoming third round, we're thrilled to introduce two significant enhancements, which will render the tendering process more transparent and easy to navigate: preferred terminals for LNG sellers and a new LNG pricing model.
Overview of Preferred Terminals for LNG Sellers
Sellers will now have the option to indicate terminals in LNG tenders, at which they are willing to make the delivery. When a seller places a new offer, they may select these preferred terminals from a predetermined list based on the tender location.
You may, of course, select no terminals, if you do not have any preferences. This selection can be updated at any time during the tendering window. Please note that each seller can still only place one offer per tender.
After the matching is done, both buyers and sellers can view each other's preferred terminals on the matching detail pages, where shared preferences are indicated by a star icon. The downloadable spreadsheet files include three columns: one for buyer-preferred terminals, one for seller-preferred terminals, and one for shared preferred terminals.
If you're interested in learning more about how to submit a sale offer in our upcoming tender, we invite you to check our article in the AggregateEU Hub.
New Pricing Model for LNG Tenders
In the first two LNG tenders, sellers were required to provide a fixed outright price for the specified volume, denoted in EUR/MWh. However, beginning with the third LNG tendering round, we are introducing a pricing model for LNG tenders that aligns with the one used in NBP tenders.
In other words, sellers must now express their price as a discount (negative value) or a premium (positive value) in EUR/MWh to the price of the Dutch TTF Natural Gas Futures for the month of delivery. It is a flexible reference that allows for variations during the offer window and negotiation period.
This reference is based on TTF Natural Gas Futures covering delivery months from M+2 to March 2025, and it is established and published by ICE Endex Markets B.V. We've prepared a detailed article that breaks down everything you need to know about this new pricing model, which you can access right here.
When submitting your offer, sellers will need to enter the price in the designated field below. However, buyers and sellers can mutually agree on different price references during contract negotiations after matching.
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.
