JSC “Conexus Baltic Grid” (Conexus) announces one-year bundled capacity and two-year bundle capacity product auctions of Inčukalns underground gas storage (UGS), both of which will take place simultaneously on March 15, 2021. This is the first time that an auction procedure has been applied to reserve the capacity of the Inčukalns UGS storage facility.
Conexus is auctioning a one-year bundled capacity product for the next storage cycle in amount of 10 876 643 MWh and a two-year bundled capacity product for the next two consecutive storage cycles in amount of 2 000 000 MWh.
Applications to participate in the auctions referred to in this notice may be submitted from 1 March to 10 March inclusive. Encrypted auction bids will be accepted on March 15, from 12:00 to 14:00. The results after the compilation will be announced on March 16 by 11:00.
For more detailed information, please read the regulations of each auction. For the convenience of storage users, we also publish the calendar of storage capacity auctions in 2021