Other fees Other fees

MMBF Zrt. applies the fees below on gas turnover performed with usage of capacities bought on secondary market:

Our partners entitled for commercial capacities will pay the following standard volume fees for our services:

a) Injection Fee:

Pbett- Commercial injection fee during "t" period, unit of measurement: EUR/kWh

Pbett=[19,0476 * PtDémász * FXt (EUR/HUF) + 2,1332*(1+HICPtkum)+ (Gt/437,28 + Ft/251,01) * FXt(EUR/USD)]/49/1000*3,2493

where:

T

the calendar quarter for which the formulae of the commercial capacity Injection Fee will be calculated.

PtDémász

The average price of the then current power tariff set out by DÉMÁSZ Zrt. (or its legal successor) for the open or competitive market and announced in the Business Code (category "I" in effect as of the date of issuance of the Business Code) during the priod prior to the relevant period expressed in HUF/kWh.

FXt(EUR/HUF)

The monthly average EUR/HUF exchange rate in effect for the first month of the relevant period, which is calculated as the mathematical average of the daily exchange rates, where it represents the value of the daily average exchange rate of 1 HUF expressed in EUR in accordance with the daily official exchange rate published by the Hungarian National Bank (hereinafter referred to as: „HNB").

FXt(EUR/USD)

The monthly average EUR/USD exchange rate in effect for the first month of the relevant period, which represents the value of 1 USD expressed in Euro, and which is calculated as the mathematical average of the daily cross exchange rates of the daily official MNB EUR/HUF and USD/HUF fixings, where the official HNB EUR/HUF fixing represents the value of 1 EUR expressed in forint published by the HNB, whereas the official HNB USD/HUF fixing represents the value of 1 USD expressed in forint published by the HNB.

Gt

The mathematical average price of the 0.1% sulphur gas oil (heating oil) expressed in USD per metric ton during the last 9 calendar month prior to the relevant calendar quarter. (the price of the 0.1% sulphur gas oil are presented in „Platt's Oilgram Price Report in the section: „European Bulk" FOB Med. Basis Italy". This monthly quoted price is calculated from the daily highest and lowest quotations, separately defined for each month as the mathematical average rounded up to 3 decimals.)

Ft

The mathematical average price of the 1% sulphur fuel oil expressed in USD per metric ton during the last 9 calendar month prior to the relevant calendar quarter. (the price of the 1% sulphur fuel oil are presented in „Platt's Oilgram Price Report in the section: „European Bulk" FOB Med. Basis Italy". This monthly quoted price is calculated from the daily highest and lowest quotations, separately defined for each month as the mathematical average rounded up to 3 decimals.

HICPtcum

Cumulated value of the consumer price index (HICP) published by EUROSTAT for the period between January 1, 2009 and the end of the quarter prior to the relevant period.

 

The Injection Fee is quarterly updated, starting from January 1, 2009.

b) Withdrawal Fee:

The Storage will annually index the Withdrawal Fee on January 1, using the consumer price index for the period prior to the  relevant year and published by EUROSTAT for October, and applicable onto the member states of the European Union and the entire consumer basket (Harmonized Index of Consumer Prices; HICP). This index will be interpreted in %, and applicable onto the period between October of year (i-2) and October of year (i-1) (value of the same period in the previous year = 100%). 

The Withdrawal Fee (Tki) in effect in the calendar year (i) will be calculated on January 1 every year using the following formulae:

Tki= Tki-1*max(100%; HICPi-1)

where

Tk0= 0.00011957 EUR/kWh (the fee in effect for 2015)

Tki-1 –  the Withdrawal Fee in effect for the calendar year prior to the given calendar year

HICPi-1 – the consumer price index (%) published by EUROSTAT for the period between October of year (i-2) and October of year (i-1), applicable for the total consumer basket, as described above.a