Uniper Global Commodities SE will auction a virtual gas storage in an auction procedure via ICE Endex on 7 December 2017 from 11:30h to 12:00 (CET).
The virtual gas storage service, as described in the EFET Individual Contract (Uniper Terms & Conditions below) as virtual gas storage, shall entitle the customer to hand over quantities of gas to Uniper and Uniper shall be obliged to return equal quantities of gas upon the customer’s request. The Auction will comprise of 1 Bundled Unit (BU) as described in the product specification below.
ICE Endex has developed a custom built on-line single-sided auction mechanism which ensures that the Gas Storage Services 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 7 December 2017.
|Product||Number of Bundled Units per auction|
|Virtual Storage Service (NCG-H)||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 7 December 2017 auction is 4 December 2017.
For more information please contact us via Sales-Utilities@TheIce.com.