Gas Transfer

Gas transfers can take place between individual contracts of a single storage user or mutually between storage users based on written instruction. Gas transfers between storage users can only be put into effect on the basis of a joint statement made by both storage users and with the approval of MND Energy Storage Germany.

Transfer of Storage Capacity

Storage capacity transfersrequire the closing of a new storage contract (or an extension of the existing contract with the storage user) between MND Energy Storage Germany and the new/existing storage user (a portion or the entire capacity to be transferred). The transfer can only be made effective from the first gas day of the respective gas month.

Assignment of Storage Capacity

 Storage capacity assignments allow the storage user to lease a portion of its storage capacity out to another storage user under the current gas storage contract without any amendments to it whatsoever. In the event of assignment of the negotiated storage capacity, the original entity continues to be the contractual party with respect to MND Energy Storage Germany. Storage capacity assignments do not require the approval of the storage operator who only keeps records of each such assignment.

Remit

Under Regulation No. 1227/2011 of the European Parliament and of the Council on wholesale energy market integrity and transparency (REMIT) and Commission Implementing Regulation (EU) No. 1348/2014 on REMIT, gas storage operators and market participants making use of gas storage services are obligated to report specific data regarding the gas stock in the storage facility to ACER (Agency for the Cooperation of Energy Regulators). Market participants are obligated to report the amount of gas stored by them in each virtual gas storage to ACER at the end of the gas day.

If requested, we are prepared to submit this data on behalf of our customers free of charge based on the Agreement on Meeting Reporting Obligations under REMIT