Primary Capacity Trading at PRISMA · PDF filePrimary Capacity Trading at PRISMA ... My PRISMA...

Primary Capacity Trading at

PRISMA 18 February 2014

18/02/2014 | Chart 2

Primary Capacity Products

Auction Types

Auction Times

Booking Process

Ascending Clock Auction Process

Uniform Auction Process (Day-Ahead)

Booking Process for Bundled Products

FCFS Booking Process

My PRISMA

Agenda

18/02/2014 | Chart 3

Primary Capacity Products General

All products are auctioned at predefined (different) points in time that can be found in

the auction calendar.

The publication of the specific products which will be auctioned takes place in due time

before the auction starts (1 month for annual products, 1 week for quarterly and

monthly products, no advance publication for day-ahead products).

There are two different algorithms for auctions: the ascending clock auction algorithm

for yearly, quarterly, and month-ahead products and the uniform-price algorithm for

day-ahead products.

The ascending clock auction takes place in at least one bidding round (is the demand

in the first bidding round higher than the capacity offered more bidding rounds will be

used).

Day-ahead capacity is auctioned in a single bidding round via the uniform price

algorithm

Interruptible capacity auctions are optional until NC CAM comes into force and are until

then subject to national variations

18/02/2014 | Chart 4

Primary Capacity Products Auction types

Monthly, Quarterly and Yearly products are auctioned by using an ascending-

clock auctioning process

Auctioning takes place in (multiple) bidding rounds: The number of bidding

rounds in an ascending clock auction that are needed until an allocation is

possible depends on the course of the auction.

In each bidding round a bid for a certain quantity of capacity at a given price is

submitted.

The duration of an ascending clock bidding round is one hour (exception:

duration of the first bidding round is three hours)

The price steps are determined by the platform.

Day-Ahead products are auctioned in a process using the uniform-price

algorithm

There is only one bidding round.

A shipper can submit up to 10 bids per auction.

The platform evaluates all bids in a descending order according to their price.

The lowest price of all awarded bids is considered the clearing price.

18/02/2014 | Chart 5

Primary Capacity Products Capacity Publication & Auction Calendar Overview

Mar Apr May June July Aug Sept Oct t Feb

1 month before the auction starts

Publication amount of capacity



1st Monday of March

1 week before the auction starts

1st Monday of June

1 week before the auction starts

3rd Monday of each month

Annual yearly FIRM Y1 – Y15


After closure of respective firm product

Annual yearly INTERR Y1 – Y15

Annual quarterly INTERR Q1 – Q4

Annual quarterly FIRM Q1 – Q4



Rolling M FIRM M1

Rolling M INTERR M1



18/02/2014 | Chart 6

Primary Capacity Products Auction Times Overview

Product Frequency of

auctions

Number of

products per

auction

Start of the

auction

Bidding round Publication

amount of

capacity

Publication of

allocation

results to

individuals

Auction

algorithm

Auction Calendar for firm capacity products

Year

annual

Y1 to Y15 1st Monday

of March First round 3h:

09:00-12:00

Then 1h:

13:00-14:00

15:00-16:00

17:00-18:00

1 month before

the auction

starts* no later than

next business

day *

Ascending Clock

auction Quarter Q1 to Q4 1st Monday

of June 1 week before

the auction

starts * Month monthly M1 3rd Monday

Day daily D1 16:30 16:30-17:00 * 16:30 no later than

30 minutes *

Uniform Price

auction

Auction Calendar for interruptible capacity products

Y,Q,M see above see above

The day after

closure of

respective firm

product 09:00.

see above

The day after

closure of

respective firm

product (7:00)

no later than

next business

day *

Ascending Clock

auction

Day daily D1 17:30 17:30-18:00

At the time

the auction

starts

no later than

30 minutes *

Uniform Price

auction

*09:00 *after closing of

the bidding round

Time zone for all times: CE(S)T – Central European (Summer) Time

18/02/2014 | Chart 7

Primary Capacity Products Auction Calendar for Yearly Products

Mar Apr May t Feb


Annual yearly FIRM Y1 – Y15


Annual yearly INTERR Y1 – Y15

Jan

Parameter Calendar entry Valid for:

Publication FIRM: 1 month before auction starts until 09:00 CE(S)T

INTERRUPTIBLE: The day after closure of respective firm product

(7:00 CE(S)T).

All yearly auctions

Start of auction FIRM: Recurring yearly the first Monday of March at 09:00 CE(S)T.


09:00 CE(S)T

Y1 until Y15

18/02/2014 | Chart 8

Primary Capacity Products Auction Calendar for Quarterly Products

Apr May June July Aug Sept t


Annual quarterly INTERR Q1 – Q4

Annual quarterly FIRM Q1 – Q4



Publication FIRM: 1 week before auction starts until 09:00 CE(S)T


(7:00 CE(S)T).

All quarterly auctions

Start of auction FIRM: Recurring yearly the first Monday of June at 09:00 CE(S)T.


(9:00 CE(S)T).

Q1 until Q4

18/02/2014 | Chart 9

Primary Capacity Products Auction Calendar for Month-Ahead Products

Apr May … t …


Rolling M FIRM M1

Rolling M INTERR M1



Rolling M FIRM M1

Rolling M INTERR M1



Publication FIRM: 1 week before auction start until 09:00 CE(S)T


(7:00 CE(S)T).

All monthly auctions

Start of auction FIRM: Recurring monthly, algorithm: 3rd Monday of each month at

09:00 CE(S)T.


(9:00 CE(S)T).

M +1

18/02/2014 | Chart 10

Primary Capacity Products Auction Calendar for Day-Ahead Products

Marketing of day-ahead D+1 (e.g. Tue for Wed)

constantly

D for D+1

t

Mar Feb Apr May


Publication FIRM: On the day of the auction until 16:30

CE(S)T

INTERRUPTIBLE: On the day of the auction until

17:30 CE(S)T

D+1

Start of auction FIRM: Recurring daily 16:30 CE(S)T

INTERRUPTIBLE: If offered, daily 17:30 CE(S)T

D+1

18/02/2014 | Chart 11

Primary Capacity Products Bidding rounds

Day 1:

09:00 – 12:00 1st bidding round

12:00 – 13:00 processing & publishing

13:00 – 14:00 2nd bidding round

14:00 – 15:00 processing & publishing

[…]

17:00 – 18:00 4th bidding round

As of day 2:

09:00 – 10:00 5th bidding round

10:00 – 11.00 processing & publishing

[…]

17:00 – 18:00 x bidding round

Yearly, quarterly and monthly products Day-Ahead products

Single-step approach (uniform price

auction algorithm)

Start 16:30

Bid list allowing max. 10 additive

bids

„Fill-or-kill“ option subject to

minimum amount condition

Pro-rata allocation in case of

equally-ranked bids

Price increment € 0,00001

Same price for all successful

bidders

18/02/2014 | Chart 12

Primary Capacity Products Auction Calendar

The auction calendar can be found in the customer centre

The auction calendar gives an overview of the auction starts and the auction

publication dates as well as the transport duration of the products

The overview of the different dates can be filtered by products

18/02/2014 | Chart 13

Primary Capacity Products Marketing Order

If there are different capacity types available at an interconnection points for a certain

transport period. They will be auctioned one after another

The marketing order is:

1. firm capacity

2. interruptible capacity*

in some countries (Austria, Germany) the firm capacity may be divided into different

firm capacity types which may be marketed in a specific order**

For further information about the marketing order of the capacity types in the affected

countries the respective TSOs can be contacted

* For German TSOs interruptible capacities is still offered via FCFS

** In responsibility of the TSOs

18/02/2014 | Chart 14


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 15

Booking Process

Options for booking capacity

Two possibilities to book capacities on the PRISMA platform:

At Interconnection Points (Market area interconnection points and cross-border

points) firm capacity is marketed via auctions.

Interruptible capacity will, until NC CAM comes into force, only be offered by

some TSOs via auctions.

The German TSOs still offer to book capacities according to the “first-come-first-

served“ principle (FCFS) at points to end consumers, production and storage

facilities (Grid Access Points). Furthermore, you can book interruptible capacities

according to the FCFS principle at German Interconnection Points.

Different possibilities to start one of the booking processes:

Auction overview : From a list of all available auctions you can directly access

the screen for submitting a bid for a certain auction (booking process I)

Booking request: Direct entry to a FCFS booking if you already know at which

TSO you want to book the capacity (booking process II)

Master data browser for interconnection points: see next slide

18/02/2014 | Chart 16

Booking Process

The master data browser can be found in the section „Network Information“

Search for network points according to certain criteria

Displays the different possible actions that are available at a specific network point

Master data browser for interconnection points

18/02/2014 | Chart 17

Booking Process Master data browser for interconnection points

The master data browser contains all the network points with detailed information

provided by the TSO. These are for example:

TSO that markets the interconnection point including their GTCs

Name of the interconnection point

Price components: regulated tariff, price for measuring stations etc.

Gas type (H-gas, L-gas)

Market area

Entry or exit

Depending on the type of the network point it is shown if there are any auctions

available. Both auctions or an alternative FCFS bookings (network access points

points) can be started from here.

18/02/2014 | Chart 18

Booking Process Master data browser for interconnection points

When you select an interconnection point all details of this point are displayed.

In case of a bundled interconnection point a link will guide you to the two involved

unbundled interconnection points.

18/02/2014 | Chart 19


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 20

Ascending Clock Auction Process Auction Overview

In the auction overview all closed auctions that have been executed on the PRISMA

platform and all future auctions that have already been published are listed.

The overview can be changed using different viewing options e.g. sorting or filtering.

A legend that describes the used icons can be found at the bottom of the page.

18/02/2014 | Chart 21

Ascending Clock Auction Process Auction Overview

In the auction overview all closed auctions that have been executed on PRISMA and

all future auctions that have already been published are listed.

Choice of different filters

Choice of further filters in order to limit the amount of displayed auctions.

18/02/2014 | Chart 22

Ascending Clock Auction Process Auction Details

The action “View Auction” shows you all details and relevant data for the selected

auction.

You can open the screen to submit a bid from this detailed view or from the auction

overview.

Back to auction overview

Submitting a new bid

Information about the current status of the auction

Overview of tariff components

18/02/2014 | Chart 23

Ascending Clock Auction Process Auction Details

Please note: The unit for the different price components for an auction product may

vary from TSO to TSO!

Please note: The unit for the regulated tariff can be per product runtime, per day, or per year.

Please note: The unit for the other price components can be per product runtime, per day, per year or non-performance related (e.g. per invoice)!

18/02/2014 | Chart 24

Ascending Clock Auction Process Process Map

Ship

per

Evaluate

available

capacity

Design

standard

products

Transfer to

platform

Start auction

Pla

tform

T

SO

Submit a bid

Evaluate

bidding

round

Open next

bidding

round

Send result

to TSO and

Shipper

Publish

result

Book capacity

and setup

contract

Receive

confirmation

x

18/02/2014 | Chart 25

Ascending Clock Auction Process Ascending Clock Bidding Process

In auctions a bid is placed for a certain quantity of capacity at a given price (not the

other way around!).

The price steps are determined by the platform.

All auctions start at the regulated tariff

In case that the demand = the available capacity the auction is closed

B4 reduces his bid in the 3.

bidding round

B5 and B6 don`t quote a bid in

the 3. bidding round

Demand = available capacity

Auction closes at clearing price P2

P2

Price

Price

18/02/2014 | Chart 26


In case that the demand < available capacity from the 1. bidding round onwards:

Undersell

In case of an undersell: additional bidding rounds are opened with small price steps

B4 reduces his bid in the 3rd bidding

round

B5 and B6 don`t quote a bid in the 3.

bidding round

Demand < available capacity

Undersell

Reset to P1 + surcharge of

small price step P3

All B are allowed to bid again

(also B4 to B6)

All B leave the quantities of

their bids unchanged

Demand > available capacity

3.

4.

18/02/2014 | Chart 27


Additional bidding rounds with small price steps

Demand < available capacity at small price steps = Allocation

Surcharge small price step P4

All B keep the quantity of their

bids unchanged

Demand > available capacity

Surcharge small price step P5

B1, B2, B3 keep the quantity

of their bids unchanged

B4 reduces the quantity of the

bid

B6 doesn’t bid anymore

Undersell

End of auction at the clearing

price P5

3.

4.

5.

6.

3.

4.

5.

Small price step P3

Small price step P4

Small price step P3

Small price step P4

Small price step P5 =

clearing price

Large price step P2

Large price step P2

P1

P1

18/02/2014 | Chart 28

Ascending Clock Auction Process Price Steps

The auction surcharge is shown from the 1st bidding round onwards and is an

additional charge to the regulated tariff.

Depending on the auctioning situation the surcharge can occur in two different types:

large and small price steps.

A small price step is always 1/5 of the large price step.

The price steps may vary depending on product and country*.

Example for price steps:

The auction surcharge will always be shown in cent per kWh/h per product run time

Capacity product Large price steps

€ ct/kWh/h/runtime

Small price steps

€ ct/kWh/h/runtime

Yearly product 10 2

Quarterly product 2,5 0,5

Monthly product 1 0,2

* price steps are defined by the national regulators; overview of price steps will be published

on PRISMA primary

18/02/2014 | Chart 29

Ascending Clock Auction Process Submitting a bid – the 1st bidding round

In order to submit a bid you can open a screen from the auction overview as well as

from the auction details screen.

To participate in an auction you have to place a bid in the first bidding round.

Participating at a later bidding round is not possible.

Submit the bid

Enter the bid for a capacity quantity at the regulated tariff; the sum of all bids of one TC must not exceed the available capacity

Accept the GTCs of the TSO

Enter a balancing group or a Portfolio Code (depending on the TSO this may be optional or mandatory)

18/02/2014 | Chart 30

Ascending Clock Auction Process Editing or cancelling your bids

Every bid that was placed on PRISMA can be edited or withdrawn as long as the

bidding round is still open

This can be done in the “auction details” of the respective auction

Possibility to edit or withdraw a bid

18/02/2014 | Chart 31

Ascending Clock Auction Process End of the 1st bidding round

Details of 1st bidding round

If the evaluation of the bidding round shows that the capacity demand is smaller than

or equals the available capacity the auction ends at the regulated tariff and the bids

are allocated.

You will get the information about the allocation by email.

The result of the auction (the sum of all allocations) is published on PRISMA in

the auction details.

If the capacity demand is higher than the available capacity (“oversell”), the 2nd

bidding round will be opened (see next slide).

18/02/2014 | Chart 32

Ascending Clock Auction Process Further bidding round(s) in case of an oversell

If an ‘oversell’ occurs, the next bidding round will be opened.

The surcharge that is added to the regulated tariff equals a large price step.

The sum of the bids of the prior bidding round will be displayed.

At the bottom of the page all bids of any user of the shipper from the previous or the current

bidding round are displayed

Information about the current bidding round and the oversell situation

Shows the sum of the demanded capacity from the previous bidding round

Shows bids placed by all of a shipper’s users including the bidding time and quantity

18/02/2014 | Chart 33

Ascending Clock Auction Process Submitting a bid from the 2nd bidding round – Large price steps

From the 2nd bidding round onwards the capacity quantity of the previous bid can be

viewed while placing the next bid.

You may decrease your quantity bid in later rounds but cannot increase your quantity

bid at a later stage.

As a default value for the new bid the quantity of the previous bid is displayed.

18/02/2014 | Chart 34

If the demanded capacity is smaller than the available capacity an “undersell”

appears.

In such a case a new bidding round with a small price step is opened and a small

price step is added to the surcharge of the previous bidding round (the last big price

step).

In the bidding round with the small price step the quantity bid of the shipper can only

range between the amount placed in the last two big price steps.

Ascending Clock Auction Process Submitting a bid in further rounds in case of a small price step

4,000

18/02/2014 | Chart 35

Ascending Clock Auction Process Auction close

Information about closed auctions are available in the auction overview.

Product details are displayed

Auction results are displayed

18/02/2014 | Chart 36

Ascending Clock Auction Process Competing products

In some situations capacity products may be competing against each other

In case of such a competition you will be informed about it in various places

Displays the auction details of the competing capacity product

Information text about the competing situation

Displays the competing capacity quantity by clicking ‘in competition with another capacity’

18/02/2014 | Chart 37

Ascending Clock Auction Process Competing products

Competing products

In an auction with competing products you can also see the bids placed by other

users of your company for the competing product (on the right side of this page).

Additional information to the bids of all users of your company

18/02/2014 | Chart 38

Ascending Clock Auction Process Process Competing products

TSO A TSO B

100

90

90 Bundle

TSO C 40 40 Bundle AC

AB

OR

TSO A TSO B

200

90

TSO C 40

90 Bundle

Unbundle

40 Bundle AC

AB

Available capacity A > Sum of B and C available capacity

→ Several bundle products are created, among them one is unbundled

→ Uniform price auction

Available capacity A < Sum of B and C available capacity

→ Several bundle products are created

→The sum of allocated capacity can’t exceed the available capacity of TSO A

→ Uniform price auction in parallel

18/02/2014 | Chart 39

Ascending-Clock Auction Process Process Competing Auctions

70

Round AB demand AC demand AC + AB

demands

1 70 150 220

Allocation

AB

Allocation

AC

0 0

Bundle AB Bundle AC

Available capacity on A

40 90

100

150

220

AB demand + AC demand >

Available capacity A

1 Large Price Step

Price

Price

Price

18/02/2014 | Chart 40


50


demands

1 70 150 220

2 50 80 130

Allocation AB Allocation AC

0 0

0 0

40 90

100

80

130

AB demand + AC demand >

Available capacity A

1 Large Price Step

Bundle AB Bundle AC


Price

Price

Price

18/02/2014 | Chart 41


45


demands

1 70 150 220

2 50 90 140

3 45 50 95

Allocation

AB

Allocation

AC

0 0

0 0

0 0

40 90

100

50

95

At least one of the products has a

demand lower than the available

capacity Bundle AB : 1 Large Price Step

(LPS)

Bundle AC : 1 Large Price Step +

1 Small Price Step (SPS)

Bundle AB Bundle AC


Price

Price

Price

18/02/2014 | Chart 42


38


0 0

0 0

0 0

0 0

Bundle AB

40 90

100

65

60

Round 5 = 2 LPS + 1 SPS

Two auctions become

independant

Avalable capacity for

AC product is equal to

60

Round AB demand

1 70

2 50

3 45

4 38

AC demand

150

90

50

65 1st LPS (*)

1st SPS (**) 3rd LPS (*)

Bundle AC

Round 5 = 1 LPS + 2 SPS

(*) LPS : Large Price Step

(**) SPS : Small Price Step

Price

Price

18/02/2014 | Chart 43



0 0

0 0

0 0

0 0

35 55

Round AB demand

1 70

2 50

3 45

4 38

5 39

AC demand

150

90

50

65

55 2nd LPS (*)

1st SPS (**) 1st LPS (*)

2nd SPS (**)

39

40

100

55

60

Allocation

Bundle AC Bundle AB

Allocation

(*) LPS : Large Price Step

(**) SPS : Small Price Step

Price

Price

18/02/2014 | Chart 44

Ascending Clock Auction Process Capacity upgrade*

When placing a bid you can request an upgrade of your already booked interruptible

capacity to firm capacity.

The request can be changed or cancelled in every further bidding round.

The TSO will inform you directly after the close of the auction about the upgrade

completion.

Tick the check box to upgrade your already booked capacity

Enter the data that the TSO needs for the upgrade

If the capacity was not acquired over PRISMA primary you need to state this here

If you acquired the capacity you want to upgrade on PRISMA primary, please insert the Deal-ID of that transaction

*not supported by all TSOs

18/02/2014 | Chart 45

By using the so-called comfort function you have the possibility to submit a bid for an

auction in advance.

The automated bid can only be placed by a user after an auction has been published

on the platform.

The automated bid can only be placed by a user before the start of an auction. Once

an auction is running it is no longer possible to place an automated bid.

The comfort function can be started from the auction details screen or from “Comfort

bids” in the “My PRISMA” section

Bid consists of multiple rows of price demand pairs according to the small price step.


Comfort function – automated bidding

Creating a new comfort bid after publication of the auction

18/02/2014 | Chart 46


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 47

Uniform Auction Process (Day-Ahead) Process map

Evaluate

available

capacity

Design

standard

products

Transfer to

platform

Start auction

Pla

tform

T

SO

Submit a bid

Evaluate

bidding

round

Send result

to TSO and

Shipper

Publish

result

Book capacity

and setup

contract

Receive

confirmation

Ship

per

18/02/2014 | Chart 48

Uniform Auction Process (Day-Ahead) Day-ahead bidding process

A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3

Bidder A Bidder B Available

capacity

Available

capacity

Price

component of

a bid

Volume

component of

a bid

18/02/2014 | Chart 49

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process

A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3


capacity

Available

capacity Minimum

amounts

Price

component of

a bid

Volume

component of

a bid

18/02/2014 | Chart 50


A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3


capacity

Available

capacity

A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

Ranking according to price components

18/02/2014 | Chart 51


Determination of the Clearing Price

A1

Available

capacity

B1

B2 A2

surcharge

B3

Example 1: Fill-or-kill: „fill“

18/02/2014 | Chart 52



A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

Available

capacity

X

B2 = equilibrium bid

Minimum amount < rest B2 filled

B3: price component < clearing price

No consideration of B3


18/02/2014 | Chart 53



A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

Available

capacity

X


Minimum amount < rest B2 filled

B3: price component < clearing price

No consideration of B3


Clearing price = price component of B2

18/02/2014 | Chart 54



A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

Example 2: Fill-or-kill: „kill“

18/02/2014 | Chart 55



A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3


Full allocation

B2: Minimum amount > rest

B2 killed


X

Available

capacity

18/02/2014 | Chart 56



A1

amount

Available

capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3


Full allocation

B2: Minimum amount > rest

B2 killed


X

Clearing price = price component of B3

Available

capacity

18/02/2014 | Chart 57



A1

amount

Available

capacity

B1

B2

A2

surcharge

A3

Example 3: Pro-rata allocation between equally ranked bids

18/02/2014 | Chart 58



A1

amount

Available

capacity

B1

B2

A2

surcharge

A3

A1

amount

B1

B2

A2

surcharge

A3

Pro-rata allocation between B2 and A3 as

long as minimum amount condition is

fulfilled for both bids


Available

capacity

18/02/2014 | Chart 59



A1

amount

Available

capacity

B1

B2

A2

surcharge

A3

A1

amount

B1

B2

A2

surcharge

A3

Pro-rata allocation between B2 and A3 as

long as minimum amount condition is

fulfilled for both bids


Clearing price = price component of B2 or A3

respectively

Available

capacity

18/02/2014 | Chart 60

Clearing price in case of no intersection between demand curve and available

capacity

In general, the market clearing price equals the price component of the lowest

successful bid

In case no intersection between demand curve and supply curve (available capacity)

exists, the starting price of the respective auction (e.g. regulated tariff) will be

considered as the clearing price

Uniform Auction Process (Day-Ahead) Determining the Clearing Price

A1

amount

B1

tariff / surcharge Available

capacity

Clearing price = starting price

18/02/2014 | Chart 61

For day-ahead auctions a simplified auctioning method is used.

This means that there is only one bidding round in which you enter the desired capacity

that you are prepared to buy up to a certain price. It is possible to place up to 10 bids

per shipper for a day-ahead auction.

Uniform Auction Process (Day-Ahead) Details of a Day-Ahead auction

Enter your maximum capacity amount

Enter your minimum capacity amount

Enter your bid

18/02/2014 | Chart 62

Uniform Auction Process (Day-Ahead) Competing Day-Ahead Auctions

TSO A TSO B

100

90

90 Bundle

TSO C 40 40 Bundle AC

AB

OR

TSO A TSO B

200

90

TSO C 40

90 Bundle

Unbundle

40 Bundle AC

AB

Available capacity A > Sum of B and C available capacity

→ Several bundle products are created, among them one is unbundled

→ Uniform price auction

Available capacity A < Sum of B and C available capacity

→ Several bundle products are created

→The sum of allocated capacity can’t exceed the available capacity of TSO A

→ Uniform price auction in parallel

18/02/2014 | Chart 63


50 40

Bundle product AC Bundle product AB

40

90

80

1

Bundle product AC = 40

Bundle product AB= 90

Available capacity A = 100

Price

Price

1

2

Shipper 1

Shipper 2

Shipper 3

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10 40

40

90

80 1

Price

Price

1

2

1st Step: Intermediate evaluation

All bids pass the intermediate evaluation for product AC

Only 1 bid passes the intermediate evaluation on product AB, the second

one is prorated in order to meet the available capacity

40 X

Bundle product AC Bundle product AB

Shipper 1

Shipper 2

Shipper 3

18/02/2014 | Chart 65


2nd Step: Final Allocation

Price

80

40

10

100

Price

80

16

4

100

Bundle product AC & AB Bundle product AC & AB

All bids placed on bundle product AB and AC, coming from the 1st step, are

evaluated

CAM network code allocation rules are applied

Shipper 1

Shipper 2

Shipper 3

18/02/2014 | Chart 66

Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions

By using the so-called day-ahead comfort function you have the possibility to submit

bids for day-ahead auctions in advance.

The automated bid can only be placed by a user before the start of an auction. Once

an auction is running it is no longer possible to place an automated bid for the running

auction.

The comfort function can be started from the auction details screen or from “Comfort

bids” in the “My PRISMA” section.

Creating a new comfort bid in advance

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Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions

When using the comfort function for day-ahead auctions you have to select a time

period during which you want to automatically use your defined bid for certain day-

ahead products.

Entering a time period in which a bid is placed automatically for a day-ahead product

18/02/2014 | Chart 68


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 69

Booking Process for Bundled Products Bundled capacity process

[ ]

PR

ISM

A

TS

O 1

S

hip

per

* Bilateral

coordination

between TSOs

Upload raw

data or

standard

product

Create & match

bundled and

unbundled

products

Assign products

to auction

rounds

Start auction

Send result to

shipper and

TSO

* Bilateral

coordination

between TSOs

Upload raw

data or

standard

product

Receive auction

result

Book

capacity

Book

capacity

Setup

contract

Setup

contract

Receive

contract from

TSO 1

Receive

contract from

TSO 2

TS

O 2

18/02/2014 | Chart 70

Booking Process for Bundled Products Bundled capacity: tariffing

The payable price after auction consists of:

Regulated capacity tariff TSO 1

+ Additional fees TSO1

+ Regulated capacity tariff TSO2

+ Additional fees TSO2

= Starting price

+ Auction premium

(Surcharge through price steps)

= Payable price for shipper

division factor between TSO1 & TSO2

(default 50% / 50%)

information from TSOs

18/02/2014 | Chart 71

Booking Process for Bundled Products Auction Details

The bundling of capacities takes place at all possible interconnection points

In case of a bundled auction you will be informed about it in various places

The way a bundled product is displayed is different that of an unbundled product

2 interconnection points, market areas, TSOs, capacity types, prices etc. are shown

18/02/2014 | Chart 72

Booking Process for Bundled Products Submitting a bid

When submitting a bid for a bundled product you have to accept the GTCs for each

TSO and enter (optionally) a balancing group / portfolio code for each TSO.

Enter a balancing group/ portfolio code for TSO 1 (depending on the TSO optional or mandatory)

Enter a balancing group/ portfolio code for TSO 2 (depending on the TSO optional or mandatory)

Accept the GTCs of TSO1 & TSO 2

18/02/2014 | Chart 73


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 74

FCFS Booking Process Definition

The FCFS Booking Process

Besides the possibility to acquire capacities via auctions shippers also have the

possibility to book certain capacities on a first-come-first-served basis

In FCFS bookings the platform acts as an intermediary between shipper and TSO

with regard to all booking information (e.g. request, confirmation of availability).

First-come-first-served means that

Capacity is sold at the regulated tariff.

The user requests a certain amount and the TSO checks whether the requested

amount is available.

If the requested capacity is not available, the TSO may send alternatives, that are

then presented on the platform.

18/02/2014 | Chart 75

FCFS Booking Process Process overview

The process for booking transport capacities following the “first-come-first-served”

principle is divided into five steps.

In this booking process PRISMA acts as an intermediary between the shipper and the

TSO for all information concerning the booking (e.g. request, confirmation of

availability).

18/02/2014 | Chart 76

FCFS Booking Process Process overview

Sh

ipp

er

PR

ISM

A

Choose alternative and book it bindingly

Forwar-ding the

request to the TSO

Entering data of the requested capacity

Displaying the

alterna-tives of the

TSO

Capacity available? T

SO

Forward the

booking to the TSO

Booking capacity

Confirming the

booking

Display the booking

confirma-tion

Book the capacity bindingly

Display the confir-

mation of availability

Sending contract to

Shipper

Receiving contract

no

yes

FCFS Booking request Binding booking

18/02/2014 | Chart 77

FCFS Booking Process Step 1: Selecting a TSO*

You do not have to be logged in in order to start a booking request.

First, you select the TSO you want to send a booking request to.

Possibility to filter: Listing of all TSOs or only those you have a trading relation with

Select a TSO

*only possible if TSO supports FCFS

18/02/2014 | Chart 78

FCFS Booking Process Step 2: Selecting a network point

2

Selecting a network point

1

After the selection of the TSO you will be shown a list of available interconnection points.

18/02/2014 | Chart 79

FCFS Booking Process Step 3: Choosing the capacity type

On this page you can choose what kind of capacity you would like to request.

This is the last step before sending your request to the TSO system.

Select the capacity; for bundled network points the drop-down menu only contains interruptible capacity (firm capacities are sold in auctions); restrictions for firm capacity categories (BZK) will additionally be shown

Entering of the requested capacity amount and possibility to enter an upgrade request

Choosing the start and end date; the booking deadlines are being checked straight away

18/02/2014 | Chart 80

FCFS Booking Process Step 4: Checking available capacity

If the requested capacity is available the process carries on in step 5.

If the requested capacity is not available the TSO will reject the request. The process

stops at this stage.

Additionally, the TSO may suggest alternative capacities which partly cover your

request.

Capacity available

Alternatives

18/02/2014 | Chart 81

FCFS Booking Process Step 5: Booking of capacity

before you make a binding booking, a summary of your booking details will be shown

if you aren’t logged in yet,

this will be requested before

you can submit your

booking.

Enter a balancing group / portfolio code (depending on the TSO optional or mandatory)

Accept the GTCs of the TSO

1

2

Binding confirmation and sending of the booking

3

18/02/2014 | Chart 82

FCFS Booking Process Step 5: Booking of capacity (bundled products)

In order to make a booking at a bundled interconnection point you may be asked to

enter two balancing groups and accept the GTCs twice, once for each TSO.

Information about the product and tariffs divided per TSO

Accept the GTCs of TSO 1 and 2

Enter a balancing group/ portfolio code for TSO 1 and 2 (depending on the TSO optional or mandatory)

18/02/2014 | Chart 83

FCFS Booking Process Completing a booking

Once the capacity has been booked successfully in the TSO system a message will

appear to you on PRISMA.

Afterwards you will receive a confirmation from the TSO.

Shows the contract position number in case it is sent by the TSO

Shows the booking details

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FCFS Booking Process Overview of completed bookings

If you are logged in you can find a list of your own bookings in the “booking” section.

This list contains all bookings you made via PRISMA.

18/02/2014 | Chart 85


Auction Types

Auction Times

Booking Process





My PRISMA

Agenda

18/02/2014 | Chart 86

My PRISMA Overview

After logging in to the platform the personalised version of the platform is available

with the following functionalities

Dashboard

Listing of contract positions

Administration of the user

and shipper company

Account data

18/02/2014 | Chart 87

The dashboard summarises auctions and interconnection points as well as completed

bookings etc. that you have saved.

Bids you (and the other users of your company) have placed in running auctions are

shown here.

My PRISMA ‘Dashboard’

Possibility for further actions

Possibility to minimize or maximize the list

18/02/2014 | Chart 88


Opens the screen to edit a bid for the selected auction

Opens the detailed view of the selected auction

18/02/2014 | Chart 89


Opens the detailed view of the selected interconnection point

Deletes the interconnection point from the list

Opens the list of auctions taking place at this interconnection point

Starts a FCFS booking request

In case an auction is published or starts at a “watched network point” the user will be informed via email

18/02/2014 | Chart 90

My PRISMA ‘Contract Details’

Here you can find information about transactions you made in the past

Opens a detailed view of the contract position

Possibility to filter by certain criteria

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Under ‘Return Capacity’ you have the possibility to give your booked capacity back to

the TSO (surrender), independent where you booked the capacity

Note: Surrender is not applicable for all TSO’s and subject to national regulatory regime

My PRISMA ‘Contract Details’

Select the contract for the capacity you want return / surrender

Enter the time where you want to return / surrender capacity

Enter the amount of the returned / surrendered capacity

18/02/2014 | Chart 92

Here you can find an overview of your comfort bids you placed

My PRISMA ‘Comfort Bids’

Add a new comfort bid order

Possibility to change or deactivate the comfort bid order

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My PRISMA ‘Account Maintenance’

In this section the user can view and change all data they have entered during the

registration process

It is divided into:

My Details (your

personal data)

Company Information

Contacts

Status

18/02/2014 | Chart 94


In ‘My Details’ you can edit your personal data.

Furthermore, you can deactivate your user account.

Note: if your user account is the company’s last account all trading relations of your

company will be deactivated.

Possibility to edit your personal data

Possibility to deactivate the user account

18/02/2014 | Chart 95


In ‘Company Information’ you can edit the data entered for your company.

Some of the data can only be changed by the PRISMA administrator by written

request e.g. the bank account data .

Possibility to edit the company data

Link to the templates available in order to change the “sensitive” data

18/02/2014 | Chart 96


In ‘Contact Persons’ you can see which data were entered for the contact persons

of your company during the registration process.

It is mandatory to enter at least one contact person per section.

Possibility to edit the data of the contact persons or to add further contact persons

18/02/2014 | Chart 97


In the ’Status’ section you can find the trade relations your company maintains with

individual TSOs.

In case that your company is still in the registration process and has not yet been

activated by a TSO the status of your relation will be ‘inactive’.

Displays a shippers’ status information for the primary and secondary market access

Possibility for further actions e.g. the deactivation of a trade relation

Possibility to add a further TSO

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Contact Further information

Further information on platform features, interconnection points as well as all

necessary shipper documents can be found in the Download Section of PRISMA at

https://platform.prisma-capacity.eu.

Additionally, you can also find the training presentation as well as information on

regional specifics in the download section of the Customer Centre

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Contact Contact information

Information before registering on the platform

PRISMA Hotline

Tel.: +49 341 699 2990 66

[email protected]

For technical issues after registration

User Help Desk

Tel.: +49 341 699 2990 69

[email protected]

For TSO related issues

Please call your individual TSO contact

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