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

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1 Intraday in the CWE region NWE and Bilateral initiatives Common RCC CSE - CWE 28 September 2010

Transcript of 1 Intraday in the CWE region NWE and Bilateral initiatives Common RCC CSE - CWE 28 September 2010.

Page 1: 1 Intraday in the CWE region NWE and Bilateral initiatives Common RCC CSE - CWE 28 September 2010.

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Intraday in the CWE region

NWE and Bilateral initiatives

Common RCC CSE - CWE28 September 2010

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Two horizons

Near term

• End of 2010

• Bilateral initiativesBelgian – Dutch border

• Elbas system

French – German border• Trading platform (ComXerv) linked to DBS capacity

platform

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Two horizons

Longer term• Launched in May 2010

• Implementation: end of 2011 (?)

• NWE projectCWE region + Scandinavian countries + UK

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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

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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

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NWE Project

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NWE project

NWE to European Target Model• Enduring solution close to real time

Market basedTake scarcity of XB transmission into account

• Building on CWE ID orientation studyFebruary 2010Remarks by CWE NRAs

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NWE project

Dixit C. Pflanz, NWE project coordinator:• Building on existing infrastructure

• NWE region in first instanceExtendability to other regionsClose 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

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NWE project

* Presentation by C. Pflanz 29/07/2010

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NWE project

NRAs of CWE region + Scandinavian + UK• Cooperation between NRAs• NWE meetings

(29 July 2010 – 9 November 2010)

• NRA NWE meeting 11 OctoberSet framework

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NWE – centralized target solution

* Taken from PX presentation on 26/07/2010

Shared Order Book 1

Matching Algorithm

APX: NL market

Clearing/Notification

Systems (APX)

TSO operator(s)

Capacity Matrix

BPX: BE market

Clearing/Notification

Systems (APX on behalf of BPX)

NPS: Nordic, GE market

TSO operator(s)

Other market operator/OTC

Other market operator/OTC

Clearing/Notification

Systems (NPS)

Capacity Matrix

Platform operator(s)

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NWE– decentralized target solution

* Taken from PX presentation on 26/07/2010

Shared Order Book 1

Matching Algorithm

APX: NL market

Clearing/Notification

Systems (APX)

TSO operator(s)

Capacity Matrix Slave

BPX: BE market

Clearing/Notification

Systems (APX on behalf of BPX)

NPS: Nordic, GE market

Regional Capacity Matrix

Other market operator

Other market operator

Clearing/Notification

Systems (NPS)

Shared Order Book 2

Matching Algorithm

Capacity Matrix Slave

Regional Capacity Matrix

Regional Capacity Matrix

Cross matching of orders

Platformoperator(s)

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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

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Bilateral Projects

Belgium - Netherlands

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Belgian –Dutch border

Foreseen end 2010Documents under approvalElbas 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

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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

* Taken from PX presentation on 26/07/2010

Shared Order Book

Matching Algorithm

APX/NL market

Clearing/Notification

Systems (APX)

Capacity Matrix

BPX/BE market

Clearing/Notification

Systems (APX on behalf of BPX)

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Bilateral Belgian - Dutch

* Taken from PX presentation on 26/07/2010

Shared Order Book

Matching Algorithm

APX: NL market

Clearing/Notification

Systems (APX)

TSO operator(s)

Capacity Matrix Master (Slave GE-NL, GE-DK)

BPX: BE market

Clearing/Notification

Systems (APX on behalf of BPX)

NPS: Nordic, GE market

Clearing/Notification

Systems (NPS)

Open Capacity Matrix:GE-NL, GE-DK

TSO operator(s)

Direct AccessOther interim solutions (FR-DE?)

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Bilateral Projects

France - Germany