1 / 10

The North West European Market Parties Platform

The North West European Market Parties Platform. Eric van Vliet, Stephan Krieger, Hans ten Berge Mini Forum of the Central West Electricity Regional Energy Market 20 June 2006. Organisation des Entreprises d’Electricité Du Luxembourg. The NWE market. and the market parties’ associations.

blake-yates
Download Presentation

The North West European Market Parties Platform

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The North West European Market Parties Platform Eric van Vliet, Stephan Krieger, Hans ten Berge Mini Forum of the Central West Electricity Regional Energy Market 20 June 2006 Organisation des Entreprises d’Electricité Du Luxembourg

  2. The NWE market and the market parties’ associations Organisation des Entreprises d’Electricité Du Luxembourg

  3. Aims of cross border co-operation • Increase public confidence in the energy market • Create a trustworthy market • Attract new market players (e.g. financial institutions) • Take the initiative in market design • Avoid additional regulation • Increase market efficiency through regional integration

  4. Status and developments • Started in February 2006 • Constructive discussions resulted in joint positions and actions • Strong link with Eurelectric work • Guideline is the road map to a pan European electricity market • Involvement in pentalateral energy forum • Letter to the ministers has been sent • Preparation of the mini forum • Under Eurelectric umbrella

  5. NWE market issues from market parties perspective • Short term (2006) • Transparency • Intra day markets • Secondary markets on transmission rights • Longer term (agenda 2007) • Addressing regulation and investments in interconnection development • Cross border balancing • Market functioning

  6. Transparency Inventory example

  7. Transparency implementation • Aim is to implement the approved Eurelectric package • Market parties focus on implementation of items they can influence (generation data) • Transparency action plan: • Creating a level playing field by implementing publication analogue to the EEX format in all 5 countries by Q4 2006 • Implementation of Eurelectric proposal by Q2 2007 at the latest • Further work on definitions has to be carried out

  8. Intra-day markets • Harmonisation between TSO’s • Time schedules • Capacity allocation • IT systems • Proposal for a continuous cross border intra-day platform • Requirements for the set up in the NWE market for all stakeholders • Optional step wise approach to keep confidence in the system and gradually allocate more capacity

  9. Secondary market for capacity rights • Improve firmness and maximisation of allocated capacity • Based on a “use it or sell it principle” • Strong support from TSOs is needed • Single platform • Administration of deals • Settlement • Combine best practices of existing models

  10. Next steps • Implementing transparency proposal according to the action plan timeline • Offering guidance from market players for market design • Offering help to overcome obstacles • Start working on the “long term” issues

More Related