As much as €406m available to guarantee the price spread between current high prices and lower prices next winter. This is an increase from a previous announcement of a €366m subsidy.
To reach the EU target of 80% they will fill Bergermeer to 68% capacity. Other storage in Netherlands is aiming for 100% full. Dutch storage is currently only 36.1% full.
The first tender on 30^th May is for uncontracted available capacity of 4TWh.
The second tender on 7th June is for 16TWh.
State owned Energie Beheer will also store 11TWh plus any shortfall to make up the 68% capacity.

Bullet Energy Bullets Homepage Commodities

David Lee

Bullet Energy Bullets Homepage Commodities

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€406m subsidy offer to fill Bergermeer storage