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Slovenian Transmission System Operator Plinovodi to start capacity auctions via PRISMA

(PresseBox) (Leipzig, ) .
- First Plinovodi capacity auctions to take place on 17 November 2014
- Successful launch of the latest platform update allows traders to trade capacity with multiple currencies on the platform


The Slovenian Transmission System Operator Plinovodi and PRISMA have signed a service contract for the use of PRISMAs capacity platform. As a result, Plinovodi will start offering transport capacity to its shippers in accordance with the upcoming European market rules, the Network Code on Capacity Allocation Mechanisms (NC CAM) from 17 November 2014.

Marjan Eberlinc, General Manager at Plinovodi, said at the joint press conference in Brussels: "We are of a strong opinion that enabling the use of PRISMA services will provide a great positive effect on the Slovenian gas market."

Götz Lincke, Managing Director of PRISMA, welcomed the new partner and added: "our cooperation with Plinovodi demonstrates how well our platform is perceived among European TSOs. Winning the official tender held by Plinovodi for the development of a capacity platform shows that PRISMA is a cost-efficient, transparent and market-oriented tool for the European gas market. We are very pleased to welcome Plinovodi into our circle of partner TSOs and believe that the involvement of Plinovodi will contribute significantly to a liquid and transparent South-Eastern European Gas Market." The first unbundled capacity auctions are scheduled to take place on 17 November 2014, when transport capacity at the Slovenian network points Ceršak, Rogatec and Šempeter will be marketed via PRISMA for the contract period from 1 January 2015 until 30 September 2015.

Moreover, PRISMA has announced the launch of a new multi-currency tool on their platform. "The new functionality will further simplify European capacity trading and will bring significant benefits for energy traders buying capacity from those European TSOs that do not have the Euro as their national currency." Götz Lincke said. Mr. Lincke also said that in addition to the new multi-currency tool and based on feedback received from the market, PRISMA has also improved several functionalities aimed at improving the user-friendliness of the platform.

About Plinovodi:

PLINOVDOI d.o.o., operates the Slovenian natural gas transmission system. The company operates app. 1,200 km of high pressure pipelines, has 160 employees and app. 50 million EUR of yearly revenue. The Slovenian transmission system is connected to the neighboring transmission systems at three network points.

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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 27 European TSOs from Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, Portugal and Spain connected to the platform and market transport capacity via PRISMA. 23 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.