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XB ID Interim solution on the North Italian Borders XBID Auction Rules - Forum and consultation

Cross Border Intraday on the North Italian Borders Interim solution 4th Stakeholder Group Meeting Rome, 15 th May 2012. XB ID Interim solution on the North Italian Borders XBID Auction Rules - Forum and consultation.

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XB ID Interim solution on the North Italian Borders XBID Auction Rules - Forum and consultation

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  1. Cross Border Intraday on the North Italian Borders Interim solution 4th Stakeholder Group MeetingRome, 15th May 2012

  2. XB ID Interim solution on the North Italian Borders XBID Auction Rules - Forum and consultation • In the framework of the implementation of the ID interim solution on North Italian borders, involved TSOs have drafted a dedicated set of rules which defines modalities related to the allocation of ID capacities. • The XBID Auction Rules have been: • subject to public consultation from the 17th February to the 16th March • (15 companies/associations have answered) • presented during a forum the 13th March in Rome • (100 participants coming from 60 companies) • Following the consultation, the XBID Auction Rules have been finalized and forwarded to the NRAs for approval. Additionally, a document gathering all remarks received during the consultation and the TSOs answers has been attached to. • CRE, ELCOM and AEEG have approved the XBID Auction Rules. Approval process from the Slovenian and Austrian regulators is still in progress. • Go-live has been postponed to June 19th with June 20th as first delivery date.

  3. XB ID Interim solution on the North Italian Borders Consultation – Remarks and answers synthesis • Fifteen (15) companies or associations answered to the consultation of the ID Rules. • The main comments raised were the following: • 1) Pb with new Timing of daily nominations at 12:45 > interferences with CWE market coupling • TSOs propose to postpone the timing of the entire process of XBID1 for 10’ in order to facilitate the possibility for Market Participants to consider CWE MC results for defining their daily nominations. • 2) Cross border traders restrictions > suppression of access to MI1 and no access to MI3 • TSOs propose to allow the participation in MI1, MI2 and MI3 to all virtual units (UPV/UCV) related to cross border activities. However, the anticipation of the MI1 cannot be possible so as to have results of MI1 for adjusting daily nomination.

  4. XB ID Interim solution on the North Italian Borders Consultation – Remarks and answers synthesis • 3) UIOLI Principle > ask for the introduction of UIOSI principle • The UIOLI mechanism has been chosen to facilitate the implementation of an intraday mechanism which is an interim mechanism. Furthermore it ensures that the capacity will be acquired by the participants that really need it for a physical delivery and not for financial optimization. • 4) Timing of 1st XBID auction > ask for a postponement • The timing proposed is a compromise between the requirements of the TSOs and those of the Market Parties, being the only one feasible that allows the bidding on the MI2 that is the last session of the Italian market that covers the whole day • The complete list of comments, including the answers of TSOs, will be published on CASC website together with the XBID Auction Rules.

  5. XB ID Interim solution on the North Italian Borders Day D-1 timings GME will communicate when the new MGP timing will be in operation. Consequently, the postponement of Daily auctions won’t happen necessarilly simultaneously with the start of the intraday mechanism. MGP Italian market MI1 MI2 45’ Day-aheadprocess CAS Matching Daily Auction CBS Matching Daily Nomination 20’ 45’ 15’ 15’ 15’ 15’ XBID1 ATC EA1XB Nom. Match. Intradayprocess These in green are new timings incorporating Market Participants comments. XBID2 16:00 12:55 13:40 13:55 14:10 14:25 14:40 15:10 15:30 15:45 8:00 8:30 9:30 11:00 12:00 13:00 13:30 Submission of bids to the GME Bids selection by GME Market not used for XB exchange Explicit Auction XB ID Evaluation of XBID ATC Publication of XBID results Nomination & Matching XBID Schedules Day-ahead process Contestation period

  6. XB ID Interim solution on the North Italian Borders Day D timings MI3 Italian market MI4 Day-aheadprocess Energy delivery XBID1 Energy delivery Intradayprocess 20’ 15’ 20’ 15’ 15’ 45’ Energy delivery XBID2 Nom. Match. ATC EA3XB 24:00 9:30 10:05 10:25 10:40 10:55 11:45 12:15 12:35 12:50 16:00 0:00 7:45 8:15 Submission of bids to the GME Bids selection by GME Market not used for XB exchange Explicit Auction XB ID Evaluation of XBID ATC Publication of XBID results Nomination & Matching XBID Schedules Day-ahead process Contestation period

  7. XB ID Interim solution on the North Italian Borders Expected Time Plan until Go Live • PUBLICATION OF THE ID AUCTION RULES: ……………… 18th May 2012 • USERS’ REGISTRATION PROCESS: ……………………….. 21st May – 13th June 2012 • ON-LINE TRAINING WITH CASC: …………………………… 04th and 05th June 2012 • GO-LIVE: • For French, Slovenian and Swiss borders the go-live is expected the • 19th June 2012 for the 20th June 2012 as delivery date. • For Austrian border, the go live is expected middle of December 2012.

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