Tender process for Short-Term Options

From time to time GASPOOL publishes tender invitations for the balancing product Short-Term Balancing Services (STB) at short notice. Once a tendering round is opened, all registered providers may submit bids via GASPOOL’s tendering platform for balancing services. We then accept appropriate bids on a least-cost basis as and when needed by issuing so-called “call orders” to the relevant providers. In their STB bids providers may specify variable call lead times, with bid sizes to be expressed in whole numbers. In deciding which bids to accept GASPOOL will take the specified call lead times and bid sizes into account. Call orders will only be issued for the full bid size, however. A contract for the supply or receipt of the gas quantity offered by the provider is formed once GASPOOL has issued a call order on the provider’s bid.

In both German gas market areas, suspected cases of fraudulent behavior by balancing group managers have occurred in 2018.

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Please take part in the Control Energy Tender for Flexibility (H-cal and L-cal) starting 22nd of January 2019 06:00 o'clock to 7th of February 2019 06:00 o'clock on a monthly basis for summer 2019. 

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How does the Exit to the german gas market works and how can I use the virtuall trading point actively? We explain it to you in a short video. 

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