Berlin/Ratingen, 14 June 2022 • The second tender to ensure security of supply in the Trading Hub Europe market area for the product "Strategic Storage-Based Options" (SSBO) level 1 has been completed. The total costs (regarding the components service fee and capacity charge) of the awarded lots amount to approx. 481 million EUR. The requirement of 35,717,500 MWh advertised in the Germany-wide tender was fully procured.

Bids as part of the second tender could be submitted to THE in the period from May 30, 2022 to June 13, 2022. A double-digit number of bidders took part in the tender. With the award, the provider undertakes to commit to storage with proof of fill level on the key date and to secure a partial amount available for THE to call up at any time. In order to meet these obligations, the provider must either store gas quantities or the provider uses gas quantities that have already been stored.

The tender results of the SSBO Stage 1 tender are published on THE website.