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Dear readers!
The heating period is drawing to a close, but Austria's gas storage facilities are still well filled at 73 TWh. Security of supply is therefore at a high level. That is a good thing. After all, if too little gas is stored after the winter, it would not be possible to refill the storage facilities to get through the next winter safely if no more gas reaches Europe via Ukraine. A risk that is quite real. Why? The existing alternative import capacities from Germany and Italy are not sufficient.
In addition to security of supply, there are currently many balls in the air in the energy industry. The energy transition requires massive restructuring, which is also to be supported by a whole raft of new legal regulations. The Electricity Industry Act, the Renewable Gas Act, the Hydrogen Promotion Act and many more are either under review or already in the parliamentary process. It remains to be seen which of these legislative projects will succeed in this legislative period.
Read more about this and about current AGGM activities in our latest newsletter!
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Important News
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The Easter-EGG is in the review nest
On 21 February, the Renewable Gas Act (EGG) was passed by the Council of Ministers and is intended to take a pioneering step in Austria's efforts to achieve a more sustainable and independent energy supply. With the aim of producing at least 7.5 terawatt hours of domestic renewable gas per year by 2030, the law sets clear targets for a green future.
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The Hydrogen Promotion Act as the first step towards a hydrogen strategy
There is movement in the hydrogen issue, even if only in the area of production for the time being. The Austrian federal government has submitted a new subsidy law for the production of green hydrogen, with a subsidy amount of 400 million euros, which will be awarded via competitive auctions, for review.
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E-Control Monitoring Report Security of Supply Gas 2023
E-Control's recently published report on security of supply for gas 2023 presented the situation at the time of writing (November 2023) as stable and secure.
Gas storage facilities were almost completely full and gas supplies via Ukraine were sufficient and continuous.
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Good to know
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News for users of the AGGM platform
Data publication update
Exciting developments are underway on the AGGM platform. Extensive updates are scheduled for the 14th calendar week, which will be completed by April 8, 2024. These improvements include not only the presentation but also the availability of market area data and aim to further improve the user experience.
Hiding the BGR module "Allocation data"
Since October 1, 2022, we have provided up-to-date data on the respective balance groups in the AGGM account in the data monitor area. This was a step towards providing balance group managers with more precise and timely information.
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Grid access process - how it could also work for hydrogen
Before biomethane or hydrogen can be fed into the Austrian gas grid, a number of steps need to be taken by producers, distribution system operators and AGGM as the market and distribution area manager (MADAM), which are summarized in the following overview.
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*** Dates *** Dates *** Dates ***
Save the Date: 5. November 2024 Austrian Gas Infrastructure Day (AGID)
The AGID is the highlight of our infrastructure planning.
AGGM Competence Center Training
Learn to understand the Austrian gas market in all its facets.
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AGGM in dialogue with the market
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Changes in the AGGM NK-Team
At AGGM we are starting the new year with some welcome changes. Helmut Wernhart has taken over the management of the System Access & Capacities department. Vartan Awetisjan is following in Helmut's footsteps as the new Team Leader of Infrastructure Development.
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AGGM Austrian Gas Grid
Management AG
Peak Vienna
Floridsdorfer Hauptstraße 1
1210 Vienna, Austria
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©2024 AGGM Austrian Gas Grid Management AG
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