Storengy UK’s November 2020 auctions have now regrettably been postponed. Please see more below.
Unfortunately, Storengy UK has reflected that recent developments in network charging and the regulatory environment make it increasingly difficult for shippers to value Gas Storage capacity. Storengy UK has therefore made the difficult decision to postpone the auctions to Quarter One of 2021 to ensure that all interested parties have a better view of the market and regulatory landscape. More information in the Postponement Notice.
November '20 Auction
Storengy UK will hold auctions in November 2020 for capacities in Storage Years 2021/2022 & 2022/2023
The product will be our standard 30/30 product as described in the Product Sheets and by our GTCs. Storage Capacity will be available in bundles of 30 GWh. Details of the product will be published shortly.
The capacity available is as follows:
- 870 GWh of Capacity for Storage Year 2021/2022 & Storage Year 2022/2023
- 1320 GWh of Capacity for Storage Year 2021/2022
Existing and prospective customers are welcome to bid for this capacity based upon the Auction Terms and Conditions.
If you would like to take part in our auctions, then please register your authorised representatives for submitting bids using the following link:
The Product Sheets for the storage products, can be found below:
The products will be offered subject to Auction Terms and Conditions, and with reference to the latest Storage Service Contract. Please view the auction documents below:
- Auction Terms and Conditions
- Auction FAQ – All Auctions
- Bid Form - SY21/22 & SY22/23, 30/30 Flat Product
- Bid Form - SY21/22, 30/30 Flat Product
The following contract Proformas will be used for this auction:
Storage Service Contract (SSC):
The storage service contract is the signature sheet and umbrella document for the rest of the contract.
Annex 1: Specific Terms
The specific terms cover the detail of each customers product. Specifying the capacities, limitations and any additional terms.
Annex 2: General Terms and Conditions (GTCs)
The general terms cover all shared aspects of customers contracts, from definitions to product operation to legal boilerplate.
Schedule 1: Credit Agreement
Details the different options accepted by Storengy for credit support.
Registering Authorised Representatives for Auctions
All auction bids must be submitted by an authorised representative for their business. We invite all parties who may be looking to submit a bid in either of the auctions to register their authorised representatives via the link below, prior to the auctions.
Upon following the link you will simply be asked to enter a few key details for your business, and the names and contact details of anyone who may submit a bid on your business’ behalf.
This page will be kept up to date with further information as it is released.
If you wish to register an interest in these auctions please send an email to firstname.lastname@example.org and we will send an update when additional information is released.