Storage differentiated services from 1st of June, 2018

 

  • The unit price of the Market Product is in Euro with the right to store one megawatt-hour of natural gas per one storage cycle (injection and withdrawal season).
  • Market Product price is determined by the formula:

     market product tariff, EUR/MWh;

bundled capacity product tariff, EUR/MWh;

Tmin – lowest price for the market product for specific storage cycle storage, EUR/MWh;

 natural gas settlement price for the following winter seson for futures contracts in the Gaspool delivery zone, which is published on the Powernext website (https://www.powernext.com/futures-market-data, Settlement prices on Seasons and Calendars, GPL sadaļā “Season +1)), EUR/MWh *;

  natural gas settlement price for the following month for futures contracts in the Gaspool delivery zone, which is published on the Powernext website (https://www.powernext.com/futures-market-data, Settlement prices on Months and Quarters, GPL sadaļā “Month +1), EUR/MWh.

  • Market Product price is the summer winter spread and is recalculated weekly. The market product price is set every Monday after 17:00 (Latvian time). If there is no available data for the day on a Monday, the price will be determined according to the latest available data on Monday 17:00.
  • Market Product price fluctuations after booking of a product will not affect the price for already approved bookings.

*According to the POWERNEXT DERIVATIVES / PEGAS Regulated Market Notice n° DERIVATIVES-2017-61 3 January 2018, page 49. published start and end dates of contracts,
https://www.powernext.com/sites/default/files/download_center_files/122217_PWX_DERIVATIVES_Market_Notices_EN_MiFID_MarkUp.pdf

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