Opportunities to secure cross-border capacity in North West Europe

Capacity sales for gas year 2018 onwards

There are two different ways to purchase IUK capacity:

  • via CAM NC auctions on PRISMA
  • via the Implicit Allocation Mechanism

To buy IUK capacity a Shipper must:

  1. Have signed up to the IUK Access Agreement
  2. Have signed the IUK System User Agreement
  3. Be registered on PRISMA to buy capacity via the auctions, or be registered with our IAM Partners to buy via Implicit Allocation

The IUK sign up process is expected to take approximately 15 days. To begin the process please complete this form and send it to sales@interconnector.com.

As part of the sign up process, we will carry out a ratings test to determine whether credit support is required. If your company holds a long term debt rating which is at least BBB+ (S&P), Baa1 (Moody's) or BBB+ (Fitch) then you will not be required to provide credit support. For more info, please see Clause 2.9 of the IAA.

This can be provided as cash cover, a Guarantee (IUK template here) or a Letter of Credit (IUK template here).

For any questions please email sales@interconnector.com or call +44 203 621 7800 and Sarah, Lee or Graham will be happy to help.

 

Bridging markets map