Fluxys Commercializes Redesigned Storage Services on Long Term Basis

Source: www.gulfoilandgas.com 12/21/2021, Location: Europe

With a view to offering storage users the possibility to book long term redesigned storage services as well as additional flexibility as from 1 April 2022, Fluxys Belgium is organizing a subscription window. It is the first storage service sales under the new commercial model. Subscription window started on 20 December 2021

The subscription window opened on 20 December 2021 and will last until 14 January 2022. It is a highly attractive and first opportunity for storage users to subscribe to storage services with unprecedented flexibility for a period of 2 up to 10 years.

The new commercial model for storage
The new model offers 100% firm capacity to storage users, under the form of redesigned SBUs (“Golden” SBUs), a simplified and optimized product characterized by a cycle of 132 injection days and 84 withdrawals days. In order to accelerate or optimize this cycle up to 75 injection and 49 withdrawal days, storage users are offered “Priority Booster Capacity”, which provides interruptible injection / withdrawal rights in addition to the firm rights derived from their booked SBUs. This new product can be booked on a seasonal or quarterly basis, in order to perfectly meet the storage users’ needs.

Regulatory process
Following the market consultations on the new commercial model for storage organized in May-June 2021, CREG, the Federal energy regulator, has approved tariffs on 1 July 2021 and the new regulatory documents on 16 July 2021.


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