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Intraday in the CWE region

Intraday in the CWE region. NWE and B ilateral initiatives Common RCC CSE - CWE 28 September 2010. 1. Two horizons. Near term End of 2010 Bilateral initiatives Belgian – Dutch border Elbas system French – German border Trading platform ( ComXerv) linked to DBS capacity platform. 2.

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Intraday in the CWE region

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  1. Intraday in the CWE region NWEand Bilateral initiatives Common RCC CSE - CWE 28 September 2010 1

  2. Two horizons • Near term • End of 2010 • Bilateral initiatives • Belgian – Dutch border • Elbas system • French – German border • Trading platform (ComXerv) linked to DBS capacity platform 2

  3. Two horizons • Longer term • Launched in May 2010 • Implementation: end of 2011 (?) • NWE project • CWE region + Scandinavian countries + UK 3

  4. CWE Preconditions • CWE regulators invite colleagues from Ofgem and Scandinavian regulators  common guidance to NW-EU project. • CWE ID Orientation study and the underlying CWE-position • comments to be used as a starting point • TSOs to actively involve all PXs • Discussions are to involve comments from market parties. • Implementation ambition is 2011 4

  5. CWE Preconditions • No “EMCC-like” scenario for the enduring solution • CWE NRAs asked • Commitment bilateral projects’ partners: no compatibility problems • Commitment of all parties to target model • Commitment of all parties to implement a project open to extensions and new project participants 5

  6. NWE Project 6

  7. NWE project • NWE to European Target Model • Enduring solution close to real time • Market based • Take scarcity of XB transmission into account • Building on CWE ID orientation study • February 2010 • Remarks by CWE NRAs 7

  8. NWE project • Dixit C. Pflanz, NWE project coordinator: • Building on existing infrastructure • NWE region in first instance • Extendability to other regions • Close contact with other regions through AHAG • Compatible with Day Ahead • Continuous trading model • Quality and transparency of prices • Liquidity of ID market • Support ramping constraints 8

  9. NWE project 9 * Presentation by C. Pflanz 29/07/2010

  10. NWE project • NRAs of CWE region + Scandinavian + UK • Cooperation between NRAs • NWE meetings • (29 July 2010 – 9 November 2010) • NRA NWE meeting 11 October • Set framework 10

  11. NWE – centralized target solution TSO operator(s) TSO operator(s) Capacity Matrix Capacity Matrix Platform operator(s) Matching Algorithm Shared Order Book 1 APX: NL market BPX: BE market NPS: Nordic, GE market Other market operator/OTC Other market operator/OTC Clearing/ Notification Systems (APX) Clearing/ Notification Systems (APX on behalf of BPX) Clearing/ Notification Systems (NPS) * Taken from PX presentation on 26/07/2010 11

  12. NWE– decentralized target solution Regional Capacity Matrix Regional Capacity Matrix Regional Capacity Matrix TSO operator(s) Capacity Matrix Slave Capacity Matrix Slave Cross matching of orders Platform operator(s) Matching Algorithm Matching Algorithm Shared Order Book 2 Shared Order Book 1 APX: NL market BPX: BE market NPS: Nordic, GE market Other market operator Other market operator Clearing/ Notification Systems (APX) Clearing/ Notification Systems (APX on behalf of BPX) Clearing/ Notification Systems (NPS) 12 * Taken from PX presentation on 26/07/2010

  13. NWE project • Belpex and APX-ENDEX view on CMM • Necessity of a harmonized capacity platform is more questionable • EPEXSpot view on CMM • Clear harmonised capacity platform (or CMM) is important • APX-ENDEX and Belpex view on SOB • Only the centralised approach can guarantee the best economical performance • TSOs support this approach. • EPEXSpot view on SOB • mainly an IT design and performance question • economic efficiency remain the same • SOB function: sharing the liquidity of the PXs order books 13

  14. Bilateral Projects Belgium - Netherlands 14

  15. Belgian –Dutch border • Foreseen end 2010 • Documents under approval • Elbas model as-is • Trading on Elbas platform: BE and NL as new zones within Elbas. • Extendability towards Scandinavian countries • ~ Elbas • Close monitoring of block orders use 15

  16. Bilateral Belgian - Dutch Elia + TenneT operators: • Real-time capacity monitoring • Re-use of pro-rata allocation platform Elbas system: • Hosted by NPS • Separated from NPS Elbas market (as no capacity is made available yet), but the same instance is used = opportunity • Well-known, appreciated, implemented and deployed, reliable and proven (uptime 99.98%) Local operations by APX/Belpex: • Existing membership arrangements are retained • Existing risk management, reporting and settlement systems are retained • Well-known, appreciated, implemented and deployed, reliable and proven Capacity Matrix Matching Algorithm Shared Order Book APX/NL market BPX/BE market Clearing/ Notification Systems (APX) Clearing/ Notification Systems (APX on behalf of BPX) 16 * Taken from PX presentation on 26/07/2010

  17. Bilateral Belgian - Dutch Open Capacity Matrix: GE-NL, GE-DK TSO operator(s) TSO operator(s) Capacity Matrix Master (Slave GE-NL, GE-DK) Matching Algorithm Other interim solutions (FR-DE?) Direct Access Shared Order Book APX: NL market BPX: BE market NPS: Nordic, GE market Clearing/ Notification Systems (APX) Clearing/ Notification Systems (APX on behalf of BPX) Clearing/ Notification Systems (NPS) 17 * Taken from PX presentation on 26/07/2010

  18. Bilateral Projects France - Germany 18

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