Prisma Introduces Mid Term Gas Tenders

Prisma European Capacity Platform will introduce mid term gas tenders with buyers able to submit demand for seasonal six month periods according to a statement on Friday.

• Buyers will be able to submit their demand on AggregateEU for seasonal six-month periods, from April 2024 to October 2029 with the first scheduled to begin on Feb 15.
• PRISMA, on behalf of the European Commission, is introducing the tenders “to address the growing demand for stability and predictability among participants.”
• The tenders are intended to support industrial consumers in exploring additional trading options under a pseudonym and support sellers in identifying buyers interested in longer term trading.
• The EU Energy Platform was established in April 2022 to secure the EU's energy supply at affordable prices and to reduce its dependence on Russian gas.
• Market participants are currently able to participate in short-term tenders by submitting monthly demand until March 2025.