1 / 11

What market players need

What market players need. Predictability of regulatory framework: 3 rd package most important and clear harmonised guidance on implementation Integration towards a single European gas market System investments (capacity optimisation) necessary with a European view

meghan
Download Presentation

What market players need

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What market players need • Predictability of regulatory framework: • 3rd package most important and clear harmonised guidance on implementation • Integration towards a single European gas market • System investments (capacity optimisation) necessary with a European view • Regional approach necessary for pragmatic and technical reasons • Transparency • Access to the system (capacity existing and new, tariffs, market rules, licensing) • Published market based prices (balancing, spot, forwards) per area • Data for the past, the present and the future as available – EFET to publish a list of minimum requirements soon, jointly with other associations • Access to the system • Capacity available where necessary • Cross border incompatibility • Intransparent balancing rules (Not market based and market should reflect system stress) • System should be as large as possible (several TSOs) and not one pipeline only

  2. Then market players could • Have confidence in stable and positive development and hence derive business cases • Investments into energy business activities have long lead time (trading floor, affiliates, or even power plants, pipelines and LNG terminals,..) • With confidence more market players will arrive on the scene • E.g. Horizontal diversification (oil, gas, electricity) and/or vertical (going downstream or e.g. large customers getting more upstream) • Establish liquid traded markets with a sufficiently large physical market underneath the Hub/exchange: • NBP, a North West Continental one, EEX (EGT+Bayernet), Italian gas exchange (PSV new), CEGH if regional, Iberian,..????

  3. Market pricing in EU

  4. Prices: Summer 2006 in EUR/MWh 18,97 17,02 17,98 19,32 21,80 19,93 24,72 Market pricing in EU - arbitrage 1

  5. Prices: 13 March 2006 in EUR/MWh 57,25 96,31 95,92 26,80 21,20 55,00 42,00 Market pricing in EU – arbitrage 2

  6. Market pricing in EU • Current Hubs/Exchanges in the EU • In some parts many • In other parts none • CEE is rather iliquid for the time being GTF NBP / ICE TTF / ENDEX EGT / EEX ZEE CEGH PEG PSV

  7. Multi - TSO integration potential JV of EGT and Bayernet are a good new example Part of Grid 2007

  8. Market players’ needs – an independent study 9

  9. Market pricing in CEE – PWC study in GRI SSE

  10. Market pricing in CEE – PWC study in GRI SSE

More Related