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Secondary Capacity Market Project Review and the activity on the APX-ENDEX platform

Secondary Capacity Market Project Review and the activity on the APX-ENDEX platform. SG-Meeting Stockholm, 26-11-2009 Jos Bijkersma. Overview process D-1 Time-line. enter, modify, delete orders and hit/lift orders. Confirmation/rejection. by TSOs. 13:00. 06:00. 11:00. 08:00.

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Secondary Capacity Market Project Review and the activity on the APX-ENDEX platform

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  1. Secondary Capacity Market Project Review and the activity on the APX-ENDEX platform SG-Meeting Stockholm, 26-11-2009 Jos Bijkersma

  2. Overview process D-1 Time-line enter, modify, delete orders and hit/lift orders Confirmation/rejection by TSOs 13:00 06:00 11:00 08:00 Continuous Post-trade admin DELIVERY DAY Idle Trading Notification APX to TSOs 14:00 First nomination by Shippers employ capacity

  3. Following Interconnection Points (IP’s) are part of the pilot project: GTS OSZ  NetConnect Germany Hi-cal (EGT-H) GTS OSZ  Wingas Hi-cal (WIN-H) GTS OSZ  Gaspool Hi-cal (GUD-H) Tradable Products offered on Platform: (Working) Day Ahead Capacity Weekend Capacity APX-ENDEX acts as Central Counter Party offering guaranteed anonymity to its users (A sells to APX and APX resells to B) Members can’t exclude other members from trading them (e.g. no short list) Connection Points and Products

  4. Number of participants that have agreement in place: On GTS side: 5 Members with Trading Rights 5 Members with View Only rights On Gas pool (GUD-H) side: 3 Members with Trading Rights 7 Members with View Only Rights On NCG (EGT-H) side and on Wingas (WIN-H) side: 0 Members with Trading Rights 10 Members with View Only rights In its lifetime only 1 (one) trade was made on the Platform Members and Trades Executed

  5. LOOKING BACK Platform?  Used for Commodity trading, should have been mapped to Trayport with translator (Industry Standard for trading) Legal work Initial hurdle but can be overcome Right product chosen? Maybe not, a lot of work for little to no gain from a trading/market perspective Regulatory Issues APX can only be active on the German Market Areas under the pilot status due to regulatory constraints LOOKING FORWARD APX-ENDEX still committed to improve Gas Markets and connectivity Review pilot  Lessons learnt  Improve process and products BUT: How does secondary capacity trading fit as part of a coherent set of arrangements? Looking Back and Looking Forward

  6. Thank you for your attention SG-Meeting Stockholm, 26-11-2009 Jos Bijkersma

  7. Amsterdam World Trade Center Strawinskylaan 729 1077 XX Amsterdam The Netherlands T +31 20 305 4000 F +31 20 305 4001 Amsterdam World Trade Center Beethovenstraat 300 1077 WZ Amsterdam The Netherlands T +31 20 305 5100 F +31 20 305 5101 Nottingham Ergo Building, Mere Way Ruddington Fields Nottingham NG11 6JS United Kingdom T +44 115 921 7421 F +44 115 921 7420 London 6th Floor 21 Southampton Row London WC1B 5HA United Kingdom T +44 20 7841 5600 F +44 20 7841 5601 apxendex.com

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