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Offer Announcement on Using “Express Services” - Updated

Conditions of use

Any system user (“System User”) that is exclusively subject to Act No. XL of 2008 on natural gas supply (Gas Act) and the related Government Decree No. 19/2009 (I.30.) on the implementation of Act No. XL. of 2008 on natural gas supply (Implementation Decree), and has a Capacity Booking Contract (including: injection capacity – working gas capacity – withdrawal capacity, hereinafter Capacity Booking) for the period between storage years 2022/23 and 2030/31 under a contract with MFGT, shall be entitled for each 1 000 000 kWh working gas capacity booking, upon the payment of the budget limit fee and up to the budget limit to use the services specified in the chapter: “Express Services” to be used against the Budget Limit, with fees”, in the contract period corresponding to the Capacity Booking Contract.

Determining the Budget Limit

Method for calculating one “Budget Limit” unit generated by 1 000 000 kWh working gas capacity booking:

0.138 HUF/kWh/storage year*1 000 000 kWh.

Fee for one “Budget Limit” unit: for each 1 000 000 kWh working gas capacity booking:

138 000 HUF + VAT / storage year, that is one hundred thirty-eight thousand forints + VAT / storage year

System Users having a Capacity Booking according to the above are entitled to declare until the end of the 21st day following the conclusion of the Capacity Booking Contract:

  • whether they intend to use/pay the full budget limit calculated as specified above, System Users shall not be entitled to partial usage/payment of the budget limit.)

  • for how many storage years they intend to use the Express Service (maximum for the full term of the Capacity Booking Contract and for storage years corresponding to the contract period of the Capacity Booking Contract

and until 15 January preceding each storage year

  • the “Only Working Gas” capacity booking quantity (kWh) as per Section 1 of the chapter: “Express Services” to be used against the Budget Limit, with fees”.

Payment schedule

The budget limit fee must be paid per storage year in advance and in one instalment annually.

Upon the conclusion of the “Express Service Bundle” contract, MFGT issues before the storage year a periodic settlement invoice for 1 April - 31 March of the relevant storage year. The entry into force of the contract is subject to the condition that the invoiced amount is paid in full. The payment deadline of the invoice shall be 31 March of the relevant storage year.

Throughout the duration of the contract, MFGT issues accounting documents on the actual monthly service use, thus specifying the already spent and the still available budget limit.

In case of using Daily Peak Plus, Storage Plus, Intra Gas Day Storage Flexibility and Interruptible Injection and Withdrawal Capacity services, the consideration for such services shall be deducted from the System User’s Budget Limit until it is spent in full.

 

“Take or pay” (TOP) Obligation

In relation to the budget limit of the “Express Service” bundle, System User has a 50% “Take or Pay” (TOP) obligation on the last day of each storage year. By the end of the storage year, any amount remaining from the Budget Limit shall be settled as “Take or Pay” (TOP) obligation, therefore the unspent part of the 50% cannot be shifted to the subsequent storage year, and will not be refunded by MFGT.

Maximum 50% of the fee paid as budget limit, that is the relating Budget Limit can be transferred (shifted) to the subsequent storage year, and spent on using the services then required at the then applicable prices (e.g.: set off against monthly capacity fees).

The amount remaining from the Budget Limit shift shall be settled as a “Take or Pay” (TOP) obligation at the end of the second (in case of contracting for 1 storage year) / last (in case of contracting for more than one storage year) storage year. That is it cannot be shifted to further storage years and will not be refunded by MFGT.

E.g.: Maximum 50% of the Budget Limit relating to storage year 2022/2023 (in case of one-year storage and Express Service contract) can no longer be shifted to storage year 2024/2025. Maximum 50% of the Budget Limit relating to storage year 2022/2023 and 2023/2024 (in case of two-year storage and Express Service contract) can no longer be shifted to storage year 2025/2026.

Any other conditions relating to Express Services are contained in the relating template contract.

MFGT will not commit itself to offer Express Services for the period between storage years 2022/23 and 2030/2031 later, besides this offer announcement.

“Express Services” to be used against the Budget Limit, with fees

Serial No.

Name

Content

Effect on Budget Limit

Net Price

1

“Only Working Gas” Capacity Booking

Booking is possible up to 73% of the budget limit. Working gas capacity thus booked can be filled or withdrawn by using the withdrawal and injection capacities provided for in the System User’s other contracts, and in the event that MFGT offers Daily Peak Plus capacity for booking on its website, conditions set out in item 4 of this chart shall apply, or if the System User has no available Budget Limit, at the Daily Peak Plus list price.

Reduction

0.0934 HUF/kWh/year

2

Budget Limit Shift

Budget limit that can be shifted to the subsequent storage year, but can be spent only on non-”Express” services.

Maximum 50% of the budget limit can be shifted

-

3

Injection and Withdrawal Capacity Increase

Up to the value of the Budget Limit, Daily Peak Plus firm injection and withdrawal peak capacity service can be used at a fee discount. System User may use discount price injection and withdrawal peak capacities up to 100% of its firm injection and withdrawal capacities available for the relevant gas day.

Reduction

0.0176 HUF/kWh

4

Backhaul Storage

Up to the value of the Budget Limit, Storage Plus service - facilitating backhaul storage activities in a direction opposite to the injection/withdrawal cycle - can be used at an 88% fee discount.

Reduction

0.039 HUF/kWh

5

Hourly Nomination Modification Beyond Tolerance Range

Up to the value of the Budget Limit, Intra Gas Day Storage Flexibility (Intraday Nomination Plus) service facilitating renomination beyond the tolerance range from the first nomination of the gas day.

Reduction

0.325 HUF/kWh

6

Interruptible Injection and Withdrawal Capacity Service

In the injection and withdrawal period of the relevant storage year, System User can use interruptible injection and withdrawal capacities in a volume specified in the interruptible capacity announcement of the actual storage year.

Reduction

0.0176 HUF/kWh

7

Gas Loan Service

In the event that MFGT offers Gas Loan Service, which the System User uses, the fees of the Gas Loan Service (One-Off Availability Fee, Loan Fee and Administrative Fee) can be paid from the budget limit.

Reduction

The price of the gas loan service contract shall apply.

 

The detailed specification, the availability and the conditions of use of Daily Peak Plus, Storage Plus, Intra Gas Day Storage Flexibility and Interruptible Injection and Withdrawal Capacity services are contained in MFGT’s Code of Business Conduct and Fee List.

 

 

References

Code of Business Conduct:

http://mfgt.hu/en/Ugyfelek/Szabalyozas-es-eljarasok/Uzletszabalyzat

Fee List:

http://mfgt.hu/en/Ugyfelek/Szolgaltatasok-es-dijak

 

Annex No. 1: Express Contract Template for one storage year

Annex No. 2: Express Contract Template for several storage years