GAS CONNECT AUSTRIA GmbH launches 2nd Incremental Capacity Pilot on PRISMA

Leipzig, (PresseBox) - For the second time the Austrian TSO GAS CONNECT AUSTRIA GmbH will auction firm incremental capacity via the European Capacity Platform PRISMA in March this year.

Incremental capacity will be offered at the Austrian/German border for the entry point Überackern SUDAL as well as for the short distance transportation between the Network Points Überackern ABG and Überackern SUDAL in the upcoming yearly auction in slot 1, in compliance with the published PRISMA Auction Calendar on 02 March 2015.

Incremental capacity auctions are triggered by non-binding capacity requests for incremental capacity in the course of the establishment of the Austrian Coordinated Network Development Plan 2015 - 2024.

Again, market participants together with GAS CONNECT AUSTRIA GmbH will have the chance to make a major contribution to the further development of the Austrian and European gas markets. GAS CONNECT AUSTRIA GmbH is offering the possibility to bindingly request incremental capacity via PRISMA and will consequently evaluate the gained experience based on the feedback received.

Please note that only network users which are approved by GAS CONNECT AUSTRIA GmbH on PRISMA are entitled to participate in the incremental auctions.

Details of the incremental auctions are published on the website of GAS CONNECT AUSTRIA GmbH at www.gasconnect.at. The Austrian Coordinated Network Development Plan 2015 - 2024 is published on the website of the Austrian market area manager at http://www.gasconnect.at/... PRISMA

PRISMA European Capacity Platform GmbH

PRISMA was founded by major European TSOs from Austria, Belgium, Denmark, Germany, France, Italy and the Netherlands with the aim to create a joint European capacity platform.
The European PRISMA Platform, which was launched in April 2013, is the first platform to have implemented the Network Code on Capacity Allocation Mechanisms, the future European market rules for allocating natural gas transport capacity, which will come into force in November 2015.

There are currently 28 European TSOs from Austria, Belgium, Czech Republic, Denmark, France, Germany, Italy, the Netherlands, Portugal, Slovenia and Spain connected to the platform and market transport capacity via PRISMA. 22 TSOs are shareholders of PRISMA.

With its harmonised capacity products and auction mechanisms and its ability to serve a high number of TSO backend systems in accordance with the CAM Network Code, PRISMA is a major step towards an integrated European gas market.

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