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Annual auction on 1 July on PRISMA
The annual capacity auctions, in which gas network operators offer annual contracts for transport capacities for the gas years from 1 October 2024, took place again on the "PRISMA platform" on 1 July 2024. These auctions enable market participants to acquire long-term capacity for gas transport in order to ensure security of supply and promote efficient use of the network. The annual auctions are a key mechanism for coordinating the cross-border flow of gas in Europe and ensuring a stable and reliable energy supply.
The auction results show that transport capacities for gas imports from Germany were in high demand. Demand even exceeded supply in the first auction round. In the end, around 90% of the capacity still available for the 2024/45 gas year was marketed at the Oberkappel cross-border delivery point (920 MWh/h).
However, the transport capacity for gas imports from Italy (2,667 MWh/h) available in the capacity auction - partly new due to the capacity increase on the Italian side - was not in demand. The booking status at the Arnoldstein cross-border interconnection point therefore remains unchanged after the auction of annual capacities at around 7,000 MWh/h and around 64% of the technical capacity.
It will be interesting to see the results of the auction for quarterly products, which will take place on 5 August 2024.
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©2026 AGGM Austrian Gas Grid Management AG
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