ICE Endex auctions gas storage capacities on behalf of innogy Gas Storage NWE GmbH. Storage capacities are sold as Bundled Units (BUs) which allow market participants to inject or withdraw natural gas into and from innExpool (market area German NCG) and Storage Epe NL (market area Dutch TTF and German NCG).
ICE Endex has developed a custom built single-sided auction mechanism which ensures that the Bundled Units are sold in a transparent, independent and market-based way. Market participants bidding in the auction remain completely anonymous and all information regarding participant's auction bids remains confidential.
The auction process, product specifications, rules for price determination and capacity allocation are further detailed in the Auction Rules.
The auction will be conducted on 26 October 2017.
|Product||Number of Bundled Units per auction|
|Storage Epe L-Gas||1|
For the qualification process and requirements please refer to Article II of the Auction Rules.
The deadline for submitting the required qualification documents to participate in the 26 October 2017 auction is 24 October 2017.
For more information please contact us via Sales-Utilities@TheIce.com.