Dear partners,

With the following we would like to present to your attention an updated version of the General Terms and Conditions to the BGH Trading Platform Market Rules with the participation of Bulgartransgaz (Annex 5 to the Market Rules), approved by the company’s Board of Directors.

The General terms and conditions regulate the order and the manner under which the TSO may be a party for deals with short-term standardized products for balancing purposes regulated in accordance with the provisions of art. 6 and art. 9 of Regulation (EU) № 312/2014, as well as for conclusion of deals with natural gas for technological needs. According to Art. 5 of the General Terms and Conditions, each trading participant wishing to trade with TSOs must establish a deposit in favour of Bulgartransgaz EAD, and various options for establishing the deposit have been developed, giving additional flexibility and expanding the opportunities for TSO trading.

The options for determining the amount of the trading deposit are as follows:

Option 1: The minimum value of the trade deposit is in the amount of the BGN equivalent of 2,500 MWh (at the price of natural gas including VAT, at which the public provider sells natural gas to public suppliers and customers connected to the gas transmission network, excluding price for access and transmission of natural gas at the time of its provision).

Option 2: The minimum value of the trade deposit is in the amount of the BGN equivalent of 1,250 MWh (at a price of natural gas including VAT, at which the public provider sells natural gas to public suppliers and customers connected to the gas transmission network, excluding price for access and transmission of natural gas at the time of its provision).

Option 3: The minimum value of the trade deposit is in the amount of the BGN equivalent of 625 MWh (at the price of natural gas including VAT, at which the public provider sells natural gas to public suppliers and customers connected to the gas transmission network, excluding the price for access and transmission of natural gas at the time of its provision).

In addition to the above, the trading platform member wishing to enter into TSO transactions has the opportunity to submit a written request to the TSO, indicating what part of the amount deposited in the TSO account, representing collateral under its balancing contract, may be used for trading according to the amount provided in Options 1, 2 and 3 above. The same amount is directed as a trading deposit only if the member of the platform has a sufficient free limit above what is necessary to secure his balancing contract.