Yearly auction on Prisma and creditworthiness

During the last quarterly and monthly auctions it became apparent that the price steps in the auction process take up a great deal of the credit limit of shippers, which caused a rejection of bids in some cases.

If you plan to participate in the Yearly auction on July 4th, we urge you to check your available credit amount with GTS beforehand in Gasport (Financial – Exposure position).

The credit limit has to cover at least;

• the exposure (3x monthly value of yearly booking) of the booking period + 4 months settlement (1-10-2022 to 1-10-2023 + 4 months = 1-2-2024)
• your current exposure
• imbalances.

If you want to adjust your credit limit, we kindly ask you to deliver the additional credit before Thursday 30th of June.

Furthermore, we emphasize that the credit limit will not be adjusted on Prisma during the auction day, the upload of credit limits to Prisma takes place once a day, early in the morning.

You can contact the customerdesk ([email protected]) for further questions or information about your current credit limit and possibilities to adjust it.