Common use of Storage price Clause in Contracts

Storage price. 1. Storage User shall pay for services under Clause I. of this Agreement a storage price and an energy fee. 2. The total monthly price for the storage service consists of 1/12 of the yearly price for storage of gas, and of the energy fee (in the case that in that particular month the Storage User injects gas), where: a) Monthly storage price Based on the results arrived at auction carried out on [●], the yearly unit storage price amounts to [●] EUR per each thousand m3 of the reserved storage capacity under this Agreement; the monthly storage price shall represent one twelfth of the yearly storage price. b) Energy fee The energy fee represents the costs of technological gas, electricity and CO2 emissions incurred in connection with provision of the storage service by the Storage Operator. The energy fee is calculated by means of multiplying the amount of actually injected Natural Gas by a flat fee. At the moment of the auction, the flat rate is estimated at 0.0025 EUR per each m3 of injected gas. Notwithstanding the previous sentence, the Storage Operator shall finally calculate the flat fee and announce to the Storage User by 30. April 2019 through the following formula: The flat fee is set for each Storage Year as the sum of Flat fee energy (EUR/m3)t = (total Energy Costs (EUR)t-1) / (total injected Natural Gas (m3)t-1) and Flat fee CO2 (EUR/m3)t = ((total CO2 emissions (tonnes)t-1) x (CO2 price (EUR/tonne)t)) / (total injected Natural Gas (m3)t-1) In the above formulas, the abbreviations have the following meanings: t = current Storage Year; t-1 = previous Storage Year; total Energy Costs = total Energy Costs incurred due to actual withdrawal and injection of Natural Gas; total CO2 emissions = total volume of CO2 emissions produced due to actual withdrawal and injection of Natural Gas; CO2 price = price of European Carbon Futures contract published by the European Energy Exchange. By the 30 April 2020 or with respect to costs of emission allowances as soon as possible under then valid law, the Storage Operator shall invoice the difference between the sum of all Energy fees paid by the Storage User in during the Storage Period and the sum of the technological gas and electricity costs and the costs of emission allowances actually accrued during the Storage Period as a result of injection and/or withdrawal of gas. For the avoidance of doubt: if the sum of all Energy fees paid in the Storage Period exceeds the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period, the Storage Operator shall reimburse to Storage User the excess amount. In case the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period as a result of injection and/or withdrawal of gas exceeds the sum of all Energy Fees paid in the Storage Period, the Storage Operator shall invoice this difference to Storage User. 3. VAT shall be applied in accordance with the mandatory legal regulations. 4. Unless stated otherwise, all price provisions associated with the word “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.

Storage price. 1. Storage User shall pay for services under Clause I. of this Agreement a storage price and an energy fee. 2. The total monthly price for the storage service consists of 1/12 of the yearly annual price for storage of gas, and of the energy fee (in the case that in that particular month the Storage User injects gas), where: a) Monthly Annual storage price Based on the results arrived at auction carried out on [●], 09.12.2021 the yearly annual unit storage price amounts to [●] EUR CZK per each thousand m3 MWh of the reserved storage capacity under this Agreement; the monthly storage price shall represent one twelfth of the yearly annual storage price. b) Energy fee The energy fee represents the costs of technological gas, electricity and CO2 emissions incurred in connection with provision of the storage service by the Storage Operator. The energy fee is calculated by means of multiplying the amount of actually injected Natural Gas by a flat fee. At the moment of the auction, the flat rate is estimated at 0.0025 EUR 12 CZK per each m3 MWh of injected gas. Notwithstanding the previous sentence, the Storage Operator shall finally calculate the flat fee and announce to the Storage User by 30. April 2019 2022 through the following formula: The flat fee is set for each Storage Year as the sum of Flat fee energy (EURCZK/m3)t MWh)t = (total Energy Costs (EUR)t-1CZK)t-1) / (total injected Natural Gas (m3)t-1MWh)t-1) and Flat fee CO2 (EURCZK/m3)t MWh)t = ((total CO2 emissions (tonnes)t-1) x (CO2 price (EURCZK/tonne)t)) / (total injected Natural Gas (m3)t-1MWh)t-1) In the above formulas, the abbreviations have the following meanings: t = current Storage Year; t-1 = previous Storage Year; total Energy Costs = total Energy Costs incurred due to actual withdrawal and injection of Natural Gas; total CO2 emissions = total volume of CO2 emissions produced due to actual withdrawal and injection of Natural Gas; CO2 price = real price of European Carbon Futures contract published by the European Energy Exchange. purchased CO2 allowances in CZK/tCO2 By the 30 April 2020 2023 or with respect to costs of emission allowances as soon as possible under then valid law, the Storage Operator shall invoice the difference between the sum of all Energy fees paid by the Storage User in during the Storage Period and the sum of the technological gas and electricity costs and the costs of emission allowances actually accrued during the Storage Period as a result of injection and/or withdrawal of gas. For the avoidance of doubt: if the sum of all Energy fees paid in the Storage Period exceeds the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period, the Storage Operator shall reimburse to Storage User the excess amount. In case the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period as a result of injection and/or withdrawal of gas exceeds the sum of all Energy Fees paid in the Storage Period, the Storage Operator shall invoice this difference to Storage User. 3. VAT shall be applied in accordance with the mandatory legal regulations. 4. Unless stated otherwise, all price provisions associated with the word “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.

Storage price. 1. Storage User shall pay for services under Clause I. of this Agreement a storage price and an energy fee. 2. The total monthly price for the storage service consists of 1/12 of the yearly price for storage of gas, and of the energy fee (in the case that in that particular month the Storage User injects gas), where: a) Monthly storage price Based on the results arrived at auction carried out on [●], 30.3.2021 the yearly unit storage price amounts to [●] EUR CZK per each thousand m3 MWh of the reserved storage capacity under this Agreement; the monthly storage price shall represent one twelfth of the yearly storage price. b) Energy fee The energy fee represents the costs of technological gas, electricity and CO2 emissions incurred in connection with provision of the storage service by the Storage Operator. The energy fee is calculated by means of multiplying the amount of actually injected Natural Gas by a flat fee. At the moment of the auction, the flat rate is estimated at 0.0025 EUR 10 CZK per each m3 MWh of injected gas. Notwithstanding the previous sentence, the Storage Operator shall finally calculate the flat fee and announce to the Storage User by 30. April 2019 2021 through the following formula: The flat fee is set for each Storage Year as the sum of Flat fee energy (EURCZK/m3)t MWh)t = (total Energy Costs (EUR)t-1CZK)t-1) / (total injected Natural Gas (m3)t-1MWh)t-1) and Flat fee CO2 (EURCZK/m3)t MWh)t = ((total CO2 emissions (tonnes)t-1) x (CO2 price (EURCZK/tonne)t)) / (total injected Natural Gas (m3)t-1MWh)t-1) In the above formulas, the abbreviations have the following meanings: t = current Storage Year; t-1 = previous Storage Year; total Energy Costs = total Energy Costs incurred due to actual withdrawal and injection of Natural Gas; total CO2 emissions = total volume of CO2 emissions produced due to actual withdrawal and injection of Natural Gas; CO2 price = real price of European Carbon Futures contract published by the European Energy Exchange. purchased CO2 allowances in CZK/tCO2 By the 30 April 2020 2022 or with respect to costs of emission allowances as soon as possible under then valid law, the Storage Operator shall invoice the difference between the sum of all Energy fees paid by the Storage User in during the Storage Period and the sum of the technological gas and electricity costs and the costs of emission allowances actually accrued during the Storage Period as a result of injection and/or withdrawal of gas. For the avoidance of doubt: if the sum of all Energy fees paid in the Storage Period exceeds the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period, the Storage Operator shall reimburse to Storage User the excess amount. In case the sum of the technological gas and electricity costs and costs of emission allowances actually accrued in the Storage Period as a result of injection and/or withdrawal of gas exceeds the sum of all Energy Fees paid in the Storage Period, the Storage Operator shall invoice this difference to Storage User. 3. VAT shall be applied in accordance with the mandatory legal regulations. 4. Unless stated otherwise, all price provisions associated with the word “month” shall be considered for the gas month period, and those associated with the word “year” shall be considered for the storage year period.