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Trades and Transfers

Trades and Transfers. Activity to Date. Introduction. Trade and Transfer functionality added to RMSEC auction (renamed RMTTSEC) from July, applying first to capacity for month of August Low levels of Surrender Offers and Capacity Bids over the summer

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Trades and Transfers

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  1. Trades and Transfers Activity to Date

  2. Introduction • Trade and Transfer functionality added to RMSEC auction (renamed RMTTSEC) from July, applying first to capacity for month of August • Low levels of Surrender Offers and Capacity Bids over the summer • Picked up as move into winter months with much higher levels of Surrender Offers and more Capacity bids • RMTTSEC auction for November Capacity saw the first movements of capacity between ASEPs and high utilisation of Surrender Offers • Presentation intended to give a quick update on activity so far

  3. Summary

  4. November Capacity • Barrow, Easington, Garton, Hatfield Moor Onshore, Milford Haven & Wytch Farm sold out

  5. November Allocations • Capacity Bids at Bacton (2), Easington (1), Hornsea (1), Hatfield Moor Storage (1), Teesside (2) & Theddlethorpe (2) met by: • Bacton - Unsold at the ASEP • Easington - Surrenders at the ASEP and Surrenders from TH (1:1) • Hornsea - Surrenders at the ASEP • Hatfield Moor Storage - Unsold at the ASEP and Surrenders from TH (1:1) • Teesside - Surrenders and Unsold at the ASEP • Theddlethorpe - Surrenders at ASEP • All bids were satisfied • All capacity utilised from TH was Surrendered Capacity • All movements between ASEPs on a 1:1 basis

  6. Background Information

  7. August Capacity • Fleetwood, Garton, Hatfield Moor Onshore & Wytch Farm sold out • Surrender Offers at Easington, Holehouse Farm & Milford Haven • Capacity Bids at Bacton (2), Barrow (1), Grain (1) & Theddlethorpe (1) • Total of 5 bids • All bids satisfied from Unsold Capacity at the ASEP

  8. September Capacity • Fleetwood, Hatfield Moor Onshore, Garton & Wytch Farm sold out • Surrender Offers at Holehouse Farm, Milford Haven & Theddlethorpe • Capacity Bids at Bacton (3), Barrow (1), Easington (1) & Grain (1) • Total of 6 bids • All bids satisfied from Unsold Capacity at the ASEP

  9. October Capacity • Barrow, Easington, Garton, Hatfield Moor Onshore, Milford Haven & Wytch Farm sold out • Surrender Offers at Easington, Hole House Farm, Hornsea, Hatfield Moor Storage, St Fergus & Theddlethorpe • Capacity Bids at Bacton (1), Teesside (1), Theddlethorpe (1) • Total of 3 bids • Theddlethorpe bid met from Surrendered Capacity at the ASEP • Bacton and Teesside bids met from Unsold Capacity at the ASEP

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