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German Gas Storage Neutrality Charge Extended to March 2027

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Energy BulletsCommodities

The German gas storage neutrality charge in place to recoup money spent purchasing strategic gas reserves has been extended to March 2027 according to Timera Energy.

  • The levy, implemented in Oct 2022 increased from €1.45/MWh in H2-23 to €1.86/MWh over H1-24 with the end date extended from Dec 2024 to March 2027.
  • The levy was extended to all allocation exit quantities at cross-border interconnection and virtual interconnection points from January 2023.
  • As of Dec. 2023, Germany still needed to recover €8.5bn according to Reuters.
  • An outsized impact is expected on CEE countries amid access to global LNG markets via new German LNG import terminals, according to Timera.
  • Larger intra-European hub differentials could be expected and could be exaggerated if the mechanism is mirrored by other countries.
  • The EC has however asked for a review by ACER to examine whether the tariff distorts the bloc's single market in a possible breach of competition rules.

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The German gas storage neutrality charge in place to recoup money spent purchasing strategic gas reserves has been extended to March 2027 according to Timera Energy.

  • The levy, implemented in Oct 2022 increased from €1.45/MWh in H2-23 to €1.86/MWh over H1-24 with the end date extended from Dec 2024 to March 2027.
  • The levy was extended to all allocation exit quantities at cross-border interconnection and virtual interconnection points from January 2023.
  • As of Dec. 2023, Germany still needed to recover €8.5bn according to Reuters.
  • An outsized impact is expected on CEE countries amid access to global LNG markets via new German LNG import terminals, according to Timera.
  • Larger intra-European hub differentials could be expected and could be exaggerated if the mechanism is mirrored by other countries.
  • The EC has however asked for a review by ACER to examine whether the tariff distorts the bloc's single market in a possible breach of competition rules.

Keep reading...Show less