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Offer Announcement on Using “Express Services” for Storage Year 2021/2022

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 pursuant to a contract concluded with MFGT a storage capacity booking (including: injection capacity – working gas capacity – withdrawal capacity, hereinafter: Capacity Booking Contract) for storage year 2021/2022 on the day of this announcement or during the storage year 2021/2022 shall be entitled for each 1 000 000 kWh working gas capacity booking, upon the payment of the budget limit fee of 84,400 HUF + VAT to use the services specified in the “Express Services” to be used against the Budget Limit, with fees” chapter, in the period between 01 April 2021 and 31 March 2022.

“Express Services” can be used by System Users with at least 1 000 000 kWh working gas capacity booking available in storage year 2021/2022, together with the related injection, withdrawal capacity (hereinafter: Capacity Booking).

Determining the Budget Limit

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

0.0844 HUF/kWh/storage year*1 000 000 kWh

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

84 400 HUF + VAT /2021/2022 storage year, that is eighty-four thousand four hundred forints + VAT /2021/2022 storage year

System Users having a Capacity Booking according to the above are entitled to declare until the end of the 21st day following either this announcement or a later Capacity Booking, whether they intend to use/pay the Express Service and the full budget limit calculated as specified above or not (System Users shall not be entitled to partial usage/payment of the budget limit).

Having the Express Service booked, according to the above, System Users having a Capacity Booking according to the above shall declare until 15 January 2021 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 for the storage year in advance and in one instalment until 31 March 2021.

Upon the conclusion of the “Express Service Bundle” contract, MFGT issues a periodic settlement invoice for the period until the end of the storage period between 01 April 2021 - 31 March 2022. The entry into force of the contract is subject to the condition that the invoiced amount is paid in full.

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 and Intra Gas Day Storage Flexibility 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 the 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.

The remaining maximum 50% of the 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).

MFGT will not commit itself to offer Express Services besides this offer announcement following the storage year 2021/2022.

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

“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 81% 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

0.0907 (HUF/kWh/year)*

2

Budget Limit Shift

It 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

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.

*indexation as per contract.

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

Miscellaneous Provisions

MFGT suspends the sale of its working gas storage capacities until the expiry of the deadline herein specified (that is until 15 January 2021) – up to the extent of the theoretical maximum capacity amount offered to System Users with booking, under the scope of this announcement.

References

Code of Business Conduct:

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

Fee List:

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

Annex No. 1: Express Contract Template

Annex No. 2: User Manual Express Services