Book now, hedge later
Option
The Option product allows the Storage User to fix the storage capacity (Storage Capacity Fixed) that has been reserved in auction during a given time period.
The Storage User may request the transfer of the reserved storage capacity to Fixed Storage Capacity in whole or in part, even repeatedly, but no later than by the date specified in the auction conditions and up to the amount of reserved storage capacity.
The option gives the Storage User the right to purchase storage capacity under the most favorable market conditions and possibility to make business decisions flexibly.
Advantages
Low cost in case of unallocated capacity
Flexibility in decision when to allocate the volume, thus, catching the most convenient SW spread on the market
Advantages of the classic option
Suitable for traders and suppliers
FIST
Final price is based on SW spreads
WBS
Price is determined based on SW spreads (only at the day selected by Storage User)
GES / Green energy storage
Less emissions from gas storage