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2 nd Stakeholder Group Meeting 14 November 2006

France-UK-Ireland Electricity REM Paper 5 - Imbalance Pricing Shaun Kent – Economist, European Affairs Ofgem. 2 nd Stakeholder Group Meeting 14 November 2006. Summary. Objectives Do differences in imbalance pricing arrangements by themselves distort trade ?

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2 nd Stakeholder Group Meeting 14 November 2006

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  1. France-UK-Ireland Electricity REM Paper 5 - Imbalance Pricing Shaun Kent – Economist, European Affairs Ofgem 2nd Stakeholder Group Meeting 14 November 2006

  2. Summary Objectives • Do differences in imbalance pricing arrangements by themselves distort trade ? • Complement reciprocal access to balancing question Analysis • Constructed hypothetical examples of imbalance pricing in each country, assuming same generation set and prices First view • Clear that significant differences in price may exist • Hence in principle distortions to trade might happen

  3. Questions for consultation • Does the analysis capture the issues correctly ? • Are any effects or market distortions material ? • How might any such effects be ameliorated ? • Are there any other factors / issues that we should consider ?

  4. Thank You Shaun Kent – Economist, European Affairs shaun.kent@ofgem.gov.uk

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