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Entidade Reguladora dos Serviços Energéticos

General presentation from ERSE about the current natural gas regulatory situation in Portugal 2nd Regional Coordination Committee (RCC) Meeting of South Gas Regional Initiative (S-GRI) 18 May 2007. Entidade Reguladora dos Serviços Energéticos. Presentation contents.

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Entidade Reguladora dos Serviços Energéticos

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  1. General presentation from ERSE about the current natural gas regulatory situation in Portugal2nd Regional Coordination Committee (RCC) Meetingof South Gas Regional Initiative (S-GRI)18 May 2007 Entidade Reguladora dos Serviços Energéticos

  2. Presentation contents • Natural Gas Sector Organisation and Legislation • Tariffs • Some Numbers

  3. 1. Natural Gas Sector Organisation

  4. 1. Natural Gas Sector Organisation

  5. 1. Natural Gas Sector Organisation Decree-Law no. 30/2006, February 15Decree-Law no. 140/2006, July 26 • Transposition of Directive no. 2003/55/CE, June 26 • General principles for the organization and functioning of the national natural gas sector, the exercise of the activities of reception, storage, transmission, distribution and supply of natural gas and the organisation of natural gas market • Ownership unbundling of reception, storage and transmission activities • Juridical separation of distribution activity, namely from last resort supplier activity • Third party regulated access to the reception, storage, transmission and distribution infrastructures • Logistic operator for switching supplier • ERSE regulation of the activities of reception, storage, transmission, distribution, last resort supply and switching operator

  6. January 1st, 2008 Annual consumption >= 1000000m3 (n) January 1st, 2007 Ordinary electricity producers January 1st, 2009 Annual consumption >= 10000m3 (n) 1. Natural Gas Sector Organisation Market opening January 1st, 2010 All consumers

  7. 1. Natural Gas Sector Organisation Evolution towards marketActivities separation Vertical integrated monopoly Separation of regulated activities Competition/market Market opening

  8. . . . ORGANISED MARKET PROVISION PROVISION INFRASTRUCTURES LAST RESOURCE SUPPLIER . . . SUPPLIER CONSUMERS 1. Natural Gas Sector OrganisationNew Model • Competition • Natural monopoly • Regulated • Open access • Competition • Free choice of supplier

  9. Natural Gas Sector OrganisationNew Model - Regulation ACTIVITIES SEPARATION AND REVENUES DEFENITION APPLICATION OF THE TARIFFS ADITIVITY PRINCIPLE DEFENITION OF TARIFFS WHICH REFLECT COSTS PRICES TRANSPARENCY NO CROSS SUBSIDIES BETWEEN ACTIVITIES AND CONSUMERS ADEQUATE ECONOMICAL SIGNALS ECONOMIC EFFICIENCY PROMOTION FAVORABLE CONDITIONS FOR THE DEVELOPMENT OF MARKET COMPETION CONSUMERS CONFIDENCE

  10. 2. Tariffs Tariffs General Principles(D.L. 30/2006, February 15) • Equal treatment and opportunities • Tariffs uniformity across continental territory • Tariffs must be cost reflective • Transparency on tariffs establishment • No cross subsidies between activities and consumers trough matching tariffs and costs and additive tariffs principle • Adequate economic signals and efficient use of the infrastructures • Consumers protection from tariffs evolution, maintaining at the same time economic and financial equilibrium of regulated activities, considering efficient management • Establishment of incentives for the efficient performance of regulated activities of the companies • Contribution for the promotion of energy efficiency and environmental quality

  11. 2. TariffsEstablishment – Timetable • 2007 - End-user regulated tariffs homologated by the Ministry of Economy and Innovation under companies proposal • 1st July 2007 – establishment by ERSE of the access to the infrastructures tariffs (proposal under approval) • 1st January 2008 – homologation by ERSE of the end-user regulated tariffs • 1st July 2008 – establishment by ERSE of the end-user regulated tariffs

  12. 2. TariffsRevenues and tariffs Market supplier Provision Natural Gas Acquisition Costs Transmission Distribution Regulated Activities Global System Management Costs GNL Terminal Costs Distribution Costs Storage Costs Transmission Costs Retail commercial costs Non Regulated Energy Costs Market Supplier Non regulated supply prices Global System Use Tariff Transmission Grid Use Tariff Distribution Grid Use Tariff Non Regulated Energy Prices End-Users Costs Transfer Grids Access Tariff End-User Tariff (non regulated)

  13. 2. TariffsRevenues and tariffs Last resort supplier Provision Natural Gas Acquisition Costs Transmission Distribution Regulated Activities Global System Management Costs GNL Terminal Costs Distribution Costs Storage Costs Transmission Costs Retail commercial costs Regulated Energy Costs Last Resource Supplier Global System Use Tariff Transmission Grid Use Tariff Distribution Grid Use Tariff Energy Tariff Supply Tariff End-Users Costs Transfer Grids Access Tariff End-User Tariff

  14. Grids Access TariffHP,MP,LP 2. TariffsAdditive Tariffs Liberalised market Last Resource Suppliers (LRS) Natural gas Buy and Sale Activity Free energy and supply prices Energy Tariff Global Technical System Management Activity Global System Use Tariff Natural gas Supply Activity HP Market Consumer Natural Gas Transmission Activity HP LRS Consumer Supply Tariffs (> 2 million m3, > 10 000 m3, <= 10 000 m3) Grids Access TariffHP,MP,LP End-Users Tariff Transmission Grid Use Tariff MP & LP LRS Consumer MP and LP Market Consumer Natural Gas Distribution Activity Distribution Grid Use Tariff (MP e LP)

  15. Investments in the Portuguese Gas Sector

  16. Supply, number of clients and gas sales

  17. Evolution of Natural Gas Prices in Portugal Average price (€/m3 (n))

  18. Natural Gas Flows Previsions for 2007-2008Inflows - 57,5 TWh; Consumption – 51,8 TWh

  19. ERSE ENTIDADE REGULADORA DOS SERVIÇOS ENERGÉTICOS Edifício Restelo Rua Dom Cristóvão da Gama, 1, 3º 1400-113 Lisboa Portugal Telef +(351) 21 303 32 00 Fax +(351) 21 303 32 01 e-mail: erse@erse.pt url: http://www.erse.pt

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