Auction results

On July 17, 2017, at 17:00 ended the submission of tenders for the provision of natural gas supply transportation system interconnected with the storage in 2017-2018, which in accordance to the auction rules 1 paragraph, was hosted by an independent third-party KPMG Baltics SIA (further Auction Host).

Auction Host got four binding offers with a total volume of 9 202 487 MWh in obligations which were assessed in accordance with auction rules paragraph 13.-16. and presented to JSC „Conexus Baltic Grid” for approval.

On 19 of July, 2017, on the basis of the auction rules paragraph 18 and 19, at JSC „Conexus Baltic Grid” Board meeting, the following auction results were approved:

  • . From the ending of suction period until 31st of October, 2017, guaranteed amount assured with obligations – 687 722 MWh, the highest assurance obligations price – 0.680 EUR/MWh;
  • From the ending of suction period until 30th of November, 2017, guaranteed amount assured with obligations – 1 150 000 MWh, the highest assurance obligations price – 0.850 EUR/MWh;
  • From the ending of suction period until 31st of December, 2017, guaranteed amount assured with obligations – 1 037 334 MWh, the highest assurance obligations price – 1.300 EUR/MWh;
  • From the ending of suction period until 31st of January, 2018, guaranteed amount assured with obligations – 1 150 000 MWh, the highest assurance obligations price – 1.550 EUR/MWh;
  • From the ending of suction period until 28th of February, 2018, guaranteed amount assured with obligations – 3 450 000 MWh, the highest assurance obligations price – 2.640 EUR/MWh.

Total guaranteed amount with assured obligations – 7 845 056 MWh.

According to the action rules paragraph 20, the auction host will contact the auction participants, to communicate the decision made by JSC „Conexus Baltic Grid”.

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