TRIANEL GAS PROJECTS
[BIZ: Aachen, February 18] With Trianel’s gas portfolio management, city power companies are able to optimize contract options and use varying sources of supply in connection with acquisition costs. The PM-GAS.NET Release 2.0, presented at the E-World of Energy & Water exhibition in Essen (February 14-16), offers access to customer’s gas portfolio at any time. A move to structured acquisition in cooperation with Trianel, using a portfolio management approach, has not only produced valuable know-how but has also reduced the gas acquisition conditions. Trianel also initiated a gas storage project at the beginning of the year. A group of city power plants along are working with Trianel on an underground gas storage facility at Epe in the Borken district in Münsterland. Access to this storage facility is related to improved access to the wholesale gas market and reduction of gas acquisition costs. The storage capacity is available for the use of participating companies. The storage capacity and the gas economy products will be marketed centrally. This is another milestone and is expected in Q2, 2006. The objective is to set up the storage facility by 2008. Trianel is also offering an ‘oil swap’, in the context of the E-World of Energy & Water exhibition, and this is another innovative instrument for the management of acquisition costs. The city gas companies and industrial companies can keep their existing oil-related gas price by using a payment swap with Trianel and change this into a fixed price. The customer thus secures his supply against the risks of rising gas prices, which have risen considerably in the last few months. The federal ministry for monitoring financial services approved this instrument on Friday, February 10. The hope now is that the opening of the gas market is going to produce sustainable change in the supply chain and in the structure of contracts, allowing Trianel’s partners to think about a new positioning in the market. “Our future attention will be focused on various long-term acquisition concepts for our partners, analyzing the cost potential, and deriving a procedure from that,” stated Trianel’s Mr Jotzo.
The new energy legislation and the gas network access regulations due on August 1, 2006 will mean a significant improvement for independent gas companies on the German market. The key issue is that long-term contracts between gas wholesalers and retailers, currently a barrier to competition in European gas markets, have been ruled unlawful. ‘Changes in the regulations mean that the Meuse-Rhine Energy Trader, Trianel will be able to access the value creating, wholesale level more rapidly for its partners and improve acquisition conditions. A change in the acquisition parameters means that third-party access will soon show results.
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