1 / 10

Lessons from developments in the past ten years – GB experience

Lessons from developments in the past ten years – GB experience. Alison Kay – National Grid, Transmission Commercial Director. Contents. Influential developments in the GB gas market What changes have these developments brought? Lessons from our experience to date.

ciaran-adams
Download Presentation

Lessons from developments in the past ten years – GB experience

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. Lessons from developments in the past ten years – GB experience Alison Kay – National Grid, Transmission Commercial Director

  2. Contents • Influential developments in the GB gas market • What changes have these developments brought? • Lessons from our experience to date

  3. Influential Developments on the GB market Declining UK gas production Establishment of competition Full ownership unbundling Rising demand Globalisation of the gas market

  4. West of Shetland New Norway future investment potential new projects Barrow New Southern Basin storage developments New Continental link GB market FLAGS recent projects & investment St Fergus Langeled Teesside Easington Theddlethorpe BBL Milford Haven Bacton Dragon South Hook IUK Isle of Grain

  5. What physical changes have these developments brought? Base Case Annual Supply Forecast

  6. North-South Flow Frigg (Norway) St Fergus Teesside Barrow Easington Theddlethorpe Bacton

  7. Multi-directional Flow West of Shetland Tampen New Norway St Fergus Langeled Teesside Barrow Easington New Southern Basin storage developments Theddlethorpe BBL Milford Haven Milford Haven Bacton New Continental link Dragon South Hook IUK Isle of Grain

  8. What commercial changes have these developments brought? • Approximately 70 shippers active on the system • Liquid hub for trading gas • Sophistication of commercial arrangements • Reform driven by market players • Market based planning, with long term user commitments key • High levels of transparency • Increasingly European-wide legislation • Increased focus on Security of Supply Uniform Network Code

  9. Lessons learned from experience to date • An understanding of our role as market facilitator • Providing a reliable and accessible service, information required by the market, ensuring a level playing field • The need to work with market players to provide information and make improvements in our regime • The importance of making timely and appropriate investments • The importance of being up to date with, anticipate and influence developments • The requirement to foster relationships on both a national and international level However we need to be cautious of over complicating the commercial regime

  10. Conclusion • There have been extensive changes in the past ten years to both commercial and physical aspects of the GB regime • We are likely to see as many, if not more, changes over the coming years • The European dimension will be increasingly influential and important • National Grid looks forward to working with the other European TSOs and stakeholders to further this in the most beneficial manner to the European market

More Related