2014 Alternative Contracts Consultation
Alternative Contracts Consultation
Ofgem approves CSL’s proposed Storage Service Contract
On 20 November 2014, Ofgem approved Centrica Storage Limited’s (CSL’s) proposed changes to our Alternative Product Contracts (V-Store; I-Store and 30 Day Storage Contracts).
These contracts were published on 25 November 2014 and take effect from this date, and can be found on the Contracts page.
The terms and conditions of these contracts are binding on the signatories to those contracts and CSL from the date of publication.
For more information regarding the changes CSL made to our Alternative Product Contracts please refer to the consultation paper and marked up contracts below.
If you have any questions regarding the changes to the SSC you can contact the Sales and Marketing team on: +44 (0)1784 415 304
Consultation update - 31 October 2014
This consultation is now closed
Consultation on the V Store; I-Store and 30 Day Storage Contracts (collectively referred to as the 'alternative contracts')
CSL launched a consultation on changes to its V Store; I-Store and 30 Day Storage Contracts on 12 September 2014. The consultation will close at 10am on 13 October 2014.
The Alternative Contracts Consultation Paper 2014 (239K) is provided to facilitate your consideration of the changes CSL is proposing to make, the reasons why CSL is proposing these changes and the criteria against which responses will be assessed.
Links to the contract, the tracked changes version and current confirmation documents referenced in the SSC Consultation can be found using the following links:
- I-Store Contract – Version 2 (565K)
- I-Store Contract – Version 2 vs Version 1 (mark-up) (585K)
- I-Store Term Sheet (current) (79K)
- 30 Day Storage Product – Version 4 (606K)
- 30 Day Storage Standard Conditions – Version 4 vs Version 3 (mark-up) (626K)
- 30 Day Storage Confirmation(current) (17K)
Queries or questions can be emailed to email@example.com, or you can contact the Sales and Marketing team directly: +44 (0)1784 415 304
Responses should be sent before 10am on 13 October to:
Centrica Storage Limited,
Attn: Sales and Marketing
42 - 54 London Road,
Alternatively, responses may be sent by email firstname.lastname@example.org
You can also provide responses directly to Ofgem (attn: Thomas Farmer, email@example.com).
The amendments to these contracts, as approved by Ofgem and published on the CSL website, will be binding on you and CSL from the date of publication. Note that in accordance with the Gas Act 1986, the publication date must be at least two months after 12 September 2014.
Once effective (upon final publication), the amended provision will apply to all current and future dated capacity sold under the relevant alternative contract. There is no requirement for existing signatories to an alternative contract to resign that contract.