BBL Company will auction monthly interruptible reverse flow (IRF) capacity for October 2010. The auction for the month of October product opens on 8 September 2010 and closes on 15 September 2010.
In the auction of Q4 2010, 10 tranches of 30,000 kWh/h were sold. The remaining 26 tranches will be offered for sale in the monthly auction of October, together with the 36 tranches that are reserved for a monthly auction. This means that in total 62 tranches of 30,000 kWh/h are available for sale in the auction of IRF capacity for the month of October of 2010.
BBL Company would like to bring to shippers’ attention again that they, shippers, need to ensure that NNO obligations are taken care of at both ends of the BBL pipeline. At the Dutch end shippers need to book entry capacity. At the UK end shippers need to conclude a Connected System Exit Point (CSEP) ancillary agreement with National Grid and develop and enter into an agency agreement with an exit agent responsible for the allocation process. The agreement has to be approved by Ofgem. BBL Company trusts that these necessary arrangements can be concluded in the immediate future.
The IRF service is available in quarterly, monthly and daily products. To be able to contract IRF by auction, shippers need to accept the General Terms and Conditions IRF, which are published on the BBL website, by signing the Declaration of Acceptance.
All details on the auction procedure are laid down in Exhibit C.