Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services. a) Price for storage The price shall be calculated according the following equation PU = ΔS/W + K Where: PU represents a yearly unit price for the storage services and is established in EUR per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W represents an average of the difference of gas market prices between summer and winter established in EUR per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EUR b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR and shall be determined in accordance with the following principles: A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”). B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where: i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR per 1 MWh; ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR per 1 MWh; or iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”) C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees. D. Daily fee calculation i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated. ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero. iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User. 2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service. 3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 40 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK [●] CZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 14 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 12 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 10 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 68 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK [●] CZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 14 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 12 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 10 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 52 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction Storage Year 2022/2023 2023/2024 K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold one fold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination nominations registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination nominations registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 46 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK [●] CZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh or (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 42 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 14 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 12 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 10 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 58 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction Storage Year 2021/2022 2022/2023 K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold one fold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination nominations registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination nominations registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 46 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction Storage Year 2019/2020 2020/2021 K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold one fold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination nominations registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination nominations registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 72 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction Storage Year 2021/2022 2022/2023 2023/2024 K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold one fold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination nominations registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination nominations registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 36 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK [●] CZK [●] CZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 12 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 10 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 8 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 45 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 10 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 7 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 5 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 52 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 14 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 12 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 10 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 37 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK [●] CZK [●] CZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 10 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefoldone fold, but lower or equal to twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 7 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR 5 CZK per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
Appears in 1 contract
Samples: Gas Storage Agreement
Storage price. 1. The overall annual storage price for each storage year of the storage period shall consist of the price for storage, based on the unit price achieved in the electronic auction held on [●], and the variable fee for accompanying services.
a) Price for storage The price shall be calculated according the following equation PU = ΔS/W PF + K Where: PU represents a yearly unit price for the storage services and is established in EUR CZK per 1 MWh of the reserved storage capacity for 1 storage year; ΔS/W PF represents an average of the difference of gas market prices between summer and winter established in EUR fixed costs equal to 52 CZK per 1 MWh of the reserved storage capacity for the period of reserved storage year – it is to be counted as an average of the total sum of daily ΔS/W parameters within the decisive period (from February to March of immediately preceding 1 storage year) whereby daily value of the parameter shall be calculated as Bid NCG winter + Offer NCG winter Bid NCG summer + Offer NCG summer 2 for each day where the respective entry values are published by ICIS European Spot Market (ESGM) for NCG market; In the calculation of the ΔS/W value, the rounding for two decimal numbers shall be made, where values up to and including x.05 shall be rounded to x.05 and higher values shall be rounded to the closest full tenth. Additionally, if after the calculation the value of ΔS/W is less than 1.30 EUR/MWh than for the Pu calculation ΔS/W shall equal 1.30 EUR/MWh. K represents a coefficient achieved in the Auction K [●] EURCZK
b) Fee for the provision of the storage-related services Fee for the provision of the storage-related services is set in EUR CZK and shall be determined in accordance with the following principles:
A. For each storage year, an account is managed for the Storage User (kept in kWh) which reflects the utilization of the storage capacity and cumulates (progressively adding) values of the last confirmed nomination for injection of each gas day – nomination mark “+” (hereinafter “year account”).
B. A daily unit injection rate is determined for each gas day for the injection nominated by the Storage User. The daily unit injection rate is determined based on the dependency of the quantity recorded in the year account against a respective multiplier of the storage capacity reserved for the Storage User for the respective storage year based on this Contract (see Article III, second line of the table), where:
i. If, on the respective gas day, the quantity recorded on the year account is lower or equal to the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.4 EUR 11 CZK per 1 MWh;
ii. If, on the respective gas day, the quantity recorded on the year account is higher than onefold, but lower or equal to twofold one fold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.28 EUR 9 CZK per 1 MWh; or
iii. If, on the respective gas day, the quantity recorded on the year account is than twofold of the quantity of the reserved storage capacity, the daily unit injection rate for such gas day shall be 0.2 EUR per 1 MWh (hereinafter jointly as “rate of respective day”).
C. The amount of the fee is determined throughout the storage year after the end of each gas month as the sum of all respective daily fees.
D. Daily fee calculation
i. Daily fee for the provision of the storage-related services shall be calculated only for such gas days in which the Storage User nominates injection (+). In gas days in which the Storage User nominates withdrawal (-), no daily fee is calculated.
ii. The Storage User shall pay the full daily fee calculated as the value of its respective injection nomination multiplied by the rate of respective day, if the total sum of all other nominations registered in the virtual storage of the Storage Operator for the respective gas day is higher or equal to zero.
iii. If the total sum of all other nomination nominations registered in the virtual storage of the Storage Operator is lower than zero: ▪ The Storage User shall pay reduced daily fee, if the absolute size of the sum of all other nominations registered in the virtual storage is smaller than the size of the injection nomination by the Storage User – in such a case, rate of respective day shall be multiplied by the difference between the injection nomination of the Storage User and the absolute size of the sum of all other nominations; or ▪ The Storage User shall pay no daily fee, if the absolute size of the sum of all other nomination nominations registered in the virtual storage equals or is higher than the injection nomination of the Storage User.
2. For each storage year, a monthly price for storage shall be calculated as one twelfth of the yearly price for storage for the respective year. Such monthly price shall be elevated by the fee for the provision of the storage-related services provided in the past gas month and calculated in line with Art. IV, Sec. 2 of this Contract. The total sum shall represent the overall monthly price for Service.
3. Unless otherwise stated, all the price provision associated with the work “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.
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Samples: Gas Storage Agreement