E.ON Gas Storage offers Index Product 7Fields on 27 January via store-x

Essen, (PresseBox) - The Keyed Procedure runs on 27 January 2015 between 10 and 14 hours. EGS will market storage capacities at the storage facility 7Fields with connection to market area NCG in Germany and CEGH in Austria. The product is offered with contract durations from 2 to 5 years.

Minimum 50 storage bundles (1 TWh) are available with the following structure:

Firm working gas volume: 20 GWh
Firm withdrawal rate: 10 MWh/h
Firm injection rate: 5.56 MWh/h

The Index Product 7Fields is directly linked to the summer winter spread. Bidders can submit their bid on the variable A for the price formula as part of the keyed procedure. Irrespective of the trend in the SW spread, a minimum price shall apply here for the specific storage fee (P). To determine the minimum price the bidder submits a bid on the variable B.

The price formula is: P (€/MWh) = 1 x SW Spread + A
Minimum price: P (€/MWh) = B

Further information and contract documents can be found in our Download Area. Your regular contact persons will always be pleased to answer any queries and receive any comments you may have. If you do not wish to receive this newsletter anymore, please let us know.

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