Advisory 8 April 2008 Regional Market Development Impediments for Traders Strictly Private and...
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Transcript of Advisory 8 April 2008 Regional Market Development Impediments for Traders Strictly Private and...
Advisory
8 April 2008
Regional Market DevelopmentImpediments for Traders
Strictly Private and Confidential
Agenda
Page
1 Survey 2006 1
2 New Survey 2008 4
3 Some result from the Survey 2006 8
4 Contact Data 18
Regional Market Development • Impediments for Traders
Survey from 2006
2
• PwC analysed impediments for electricity traders
• Priorities of the survey:
– Network access administration and bureaucratic formalities
– Power exchanges and trade mechanisms
– Balance Energy
– Congestion Management
– Market structure and Timetable
– Divergent IT Platforms and Data Delivery
We have asked 39 traders, with a response of 48%
Section 1 - Survey 2006
Regional Market Development • Impediments for Traders
Survey from 2006
3
• PricewaterhouseCoopers analysed the impediments for traders for one region : ‘Central-East Region’
• This region covers the following seven countries: Austria, Czech Republic, Germany, Hungary, Poland, Slovakia and Slovenia
• Study was separated in two sections:
– Country comparison
– Result of survey
Section 1 - Survey 2006
Regional Market Development • Impediments for Traders
NEW: Trader Survey 2008
5
• Now expansion for Gas Traders
• Region will be South-South-East (SSE)
• Priorities of the Survey:
– Regional Market Access
– Trading Platforms
– Balancing Energy
– Gas Storage
– Transportation
– IT-SystemsSource: ERGEG
Section 2 - New Survey 2008
Regional Market Development • Impediments for Traders
Report
6
• Trader Survey:
– We ask the trader, the person who is active in the market
– Trader answers only for the market, which is not ‘their home market’
– We will now contact 110 Gas traders and shippers
• Report will have three section:
– Country comparison for basic information
– Survey with Gas Traders active in this region
– Evaluation of Result
• Result available: May 2008
Section 2 - New Survey 2008
Regional Market Development • Impediments for Traders
Network access administration and bureaucratic formalities
9
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Availability of information in English in some countries is poor
10
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Certain countries requires trader license – and it is difficult to obtain this license
11
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
TSO and Power Exchanges should work together
12
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Are the balance energy prices market oriented?
13
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
IT systems are in most cases adjusted
14
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Data access: Not satisfactory! A general problem
15
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Overall Rating
16
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Main Result of Survey 2006
• Result shows, that there are still significant impediments for traders in these countries.
• By harmonisation of laws and market rules a significant part of impediments could be reduced. Here are the Ministries, Regulators and in certain cases also the Transmission System Operators are the main address for a further improvement.
• In relation to congestions on the interconnection lines, increased investments in networks will be necessary
17
Section 3 - Some result from the Survey 2006
Regional Market Development • Impediments for Traders
Trader Survey Contact
Erwin Smole
Senior ManagerEnergy, Utility and Mining
Phone: +43 1 50188 - 2928Mobile: +43 699 115 320 71E-mail: [email protected]
PwC Corporate Finance Beratung GmbH
Erdbergstraße 200
A-1030 Vienna
Phone: +43 1 50 188 -2901
Fax: +43 1 50 188 -621
PricewaterhouseCoopers
19
Section 4 - Contact Data