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FG CACM on forward capacity allocation

FG CACM on forward capacity allocation. CSE, CWE and Swiss User’s Forum - NRA Workshop Monday 26th September 2011. Capacity allocation methods. Long-term rights provide market participants with long-term hedging solutions Products to be offered FTRs: option or obligation

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FG CACM on forward capacity allocation

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  1. FG CACM on forward capacity allocation CSE, CWE and Swiss User’s Forum - NRA Workshop Monday 26th September 2011

  2. Capacity allocation methods • Long-term rights provide market participants with long-term hedging solutions • Products to be offered • FTRs: option or obligation • PTRs: only option and with UIOSI • FTRs and PTRs not mixed on the same border • A single platform (point of contact) at European level • Harmonisation of nomination rules, deadlines and processes

  3. Timeframes, volumes and secondary market • UIOSI: the total financial resale value of capacity goes back to the capacity holders • TSOs determine the volume of long-term capacity rights for each long-term timeframe • NRAs review and approve the yearly capacity rights and the principles for sharing capacity between timeframes • Implementation of a single platform for anonymous secondary trading at the European level

  4. Other points • Force Majeure (FM): a common definition shall be given • Congestion rents shall be used inter alia for guaranteeing the firmness of allocated capacity rights • After the nomination deadline, capacities shall be firm (physically or financially) • Except FM, compensation for any curtailment shall be equal to the price difference. Caps may be implemented • Fair, transparent, non discriminatory alternative solutions may be allowed until market coupling is in place as transitional measures

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