Elia Group SA/NV · EURONEXT:ELI
Elia Group SA/NV — Investor Presentation (October 2013)
126 slides from Elia Group SA/NV's investor presentation, Oct 15, 2013
Slide 1: Info Session NWE Day-Ahead
Elia’s European Market Design Work Group & Belpex Users’ Group Info Session NWE Day-Ahead Operational & contractual changes for Belgian wholesale market organization
Slide 2: Agenda
Agenda • Introduction • Pascale Fonck & James Matthys-Donnadieu • General overview of NWE Price Coupling • Martine Verelst • Operational principles & possible scenarios • Amélie Gemers • Detailed operational procedures • Ghizlan Achkari • New Smart Order types & Automatic Order Submission Tool • Rob
Slide 3: General overview: NWE Day-Ahead Price Coupling
General overview NWE DAY-AHEAD PRICE COUPLING
Slide 4: AS IS > TO BE
AS IS > TO BE • Two separate Market Couplings (CWE & Nordic) linked by a volume coupling (ITVC organised by EMCC) • Sequential calculation approach • No common algorithm applied • Full coupling with GB NWE • One single price coupling based on a single calculation • One single common algorithm to all
Slide 5: PCR: Price Coupling of Regions
PCR : Price Coupling of Regions 5
Slide 6: NWE – Behind the scenes
NWE – Behind the scenes Parties involved • 13 Transmission System Operators • 4 Power Exchanges Systems & interfaces • Approx. 50 systems involved • Approx. 150 interfaces • 40 serviced interconnectors • 30 bidding zones 6
Slide 7: NWE – Driving European Market Integration
NWE – Driving European Market Integration „NWE is more than the sum of its parts“ It promotes liquidity and robustness of DA markets It establishes the It allows for necessary optimal usage NWE DA framework to of cross-border enable extensions capacities It encourages the harmonization of market rul
Slide 8: Potential integration of losses on DC cables
Potential integration of losses on DC cables Activation of losses on a specific interconnector is subject to approval of relevant national NRAs Cable Loss factor Comments foreseen IFA (UK-FR) yes Application to Ofgem and CRE. Foreseen for go-live Britned (UK-NL) yes Application to Ofgem and ACM. For
Slide 9: NWE - Interconnectors
NWE - Interconnectors FerroSkan EstLink Skagerak Kontiscan NorNed DK1-DE Baltic SwePol BritNed Kontek IFA
Slide 10: Operational principles & possible scenarios
General principles OPERATIONAL PRINCIPLES & POSSIBLE SCENARIOS
Slide 11: Price Coupling Process
Price Coupling Process General term for ATC and/or FB parameters used = CZCs : Cross Zonal Capacities 11
Slide 12: NWE Business Process
NWE Business Process 10:30 CZCs and allocation 12:00 12:55 12:55 – 14:00 Global Preliminary PX constraints submitted Orderbooks closure Global Final Confirmation Nominations Confirmation to PCR Publication Trading CZCs and allocation Market Coupling Final confirmation constraints Results and Confirm
Slide 13: Normal process – 55 minutes
PCR Process Timings for NWE Normal process – 55 minutes 12:00 OBK GCT 12:00 – 12:10 Check of OBK and sending to PMB 12:10 – 12:27 Calculation 12:28 – 12:41 Preliminary PX validation 12:42 Publication of preliminary results (incl. market clearing price) to the market and in parallel sending of these
Slide 14: Process is delayed
Process is delayed Partial Latest Time to Coupling/Full Target Start an IC Decoupling Time Deadline TIME Normal procedures can still apply after Normal Procedure target time Backup procedure can apply before the Backup procedures target time Fallback procedures Fallback procedures can apply before f
Slide 15: Process delayed – assumptions
Process delayed – assumptions Pre-coupling • Deadline to solve incidents with Network Data (CZCs) publication is 11:45 CET Coupling Max. Time • Time allowance for technical problem solving up to 55 min /Flexibility to solve technical problems 55min • Time allowance for special market procedures such
Slide 16: Second Auction
2nd Auction CWE/ GB Second Auction 48 min • A Second Auction is triggered in case at least one of the CWE/GB prices reach or exceed the predefined price thresholds • The routine consists in • Reopening the PXs order books for 10 minutes to give the Market Participants the opportunity to modify their
Slide 17: PCR Process Timings for NWE
PCR PROCESS TIMINGS for NWE • * This is the maximum time which could be used to solve a technical problem in order to avoid a decoupling. If the technical problem is resolved in less than 55 min than the next processes will start earlier. • ** the Second Auction in CWE / GB is a single process takin
Slide 18: Fallback procedures
Fallback procedures Partial Latest Time to Coupling/Full Target Start an IC Decoupling Time Deadline TIME Normal procedures can still apply after Normal Procedure target time Backup procedure can apply before the Backup procedures target time Fallback procedures Fallback procedures can apply before
Slide 19: Fallback procedures
Fallback procedures Partial Latest Time to Coupling/Full Target Start an IC Decoupling Time Deadline TIME Normal procedures can still apply after Normal Procedure target time Backup procedure can apply before the Backup procedures target time Fallback procedures Fallback procedures can apply before
Slide 20: Full Decoupling of NWE
Full Decoupling of NWE • Internally in CWE and for the CWE – Nordic interconnectors (except Baltic Cable): • Shadow auctions organized by CASC will be held and results published • The 3 PXs within CWE will reopen the order books (20 min) and perform local DA spot market calculations without using cr
Slide 21: Shadow Auctions
Shadow Auctions • Bids submitted through the Shadow Auctions interface at CASC.EU are default bids : • They are valid for every day of the year, for a specific border, direction and an hourly period (Volume in MW and a Price in €/MWh) • Participants can update their default bids at any time before t
Slide 22: Full Decoupling scenario
Full Decoupling scenario CWE : 4 local PX auctions Nordic-Baltic Market Splitting Virtual Capacity is set to Zero 2 local PX auctions Shadow Auctions “Local” matching process In case of full decoupling the processes are local Communication in case of fallback is organized locally (different info, di
Slide 23: CWE TSO investigate flexibility of notification deadline
CWE TSO investigate flexibility of notification deadline • The CWE TSOs and 50 Hertz have agreed upon a joint target solution for the deadlines for submitting the different schedules towards the TSOs available as of Go-Live of the Price Coupling in the NWE region • Taken into account that it is impo
Slide 24: Flexibility of notification deadline – impact on procedures
CWE TSO investigation on flexibility of notification deadline – impact on procedures Exceptional cases Notification Process 45 min 15:30 15:30 Crossborder Notification Generation Process Notification 45 min Process 15:30 At least 60 min 24 15:45
Slide 25: PCR Process Timings for NWE
PCR PROCESS TIMINGS for NWE 25
Slide 26: Full Decoupling before OBK GCT (12:00)
Full Decoupling before OBK GCT (12:00) Case X10 Case X11 Case X12 Full decoupling X10 + X10 + before 12.00 delay 2nd Auction CWE OBK GCT = 12:00 Full decoupling Full decoupling Full decoupling 42 min 42 min 42 min Max. Time 2nd Auction Notification /Flexibility to CWE/ GB Process solve technical pro
Slide 27: Partial (De)coupling within NWE
Partial (De)coupling within NWE • Any scenario where one or more bidding areas and/or interconnectors are temporary not participating in NWE Market Coupling while the remaining bidding areas/interconnectors still participate in NWE Market Coupling • The CZCs for the decoupled borders / interconnecto
Slide 28: Partial Decoupling Scenario Example: CWE+GB <> Nordic
Partial Decoupling Scenario Example : CWE+GB <> Nordic PCR coupling Nordic-Baltic: Market Splitting Shadow Auctions “Local” matching process PCR matching process 28
Slide 29: Partial Decoupling Scenario Example: NorNed
Partial Decoupling Scenario Example : NorNed PCR coupling Shadow Auctions PCR matching process 29
Slide 30: Partial Decoupling Scenario Example: EPEX OBK missing
Partial Decoupling Scenario Example : EPEX OBK missing PCR coupling Shadow Auctions PCR matching process “Local” matching process 30
Slide 31: Partial Decoupling Scenario Example: APX NL/Belpex OBK missing
Partial Decoupling Scenario Example: APX NL/Belpex OBK missing PCR coupling Shadow Auctions “Local” matching process PCR matching process 31
Slide 32: Partial Decoupling Scenario Example: no CWE CZCs in PMB
Partial Decoupling Scenario Example : no CWE CZCs in PMB PCR coupling Shadow Auctions PCR matching process “Local” matching process 32
Slide 33: Decoupling scenarios
Decoupling scenarios Where’s the problem What decouples? Resulting configuration APX/Belpex CWE internal borders (FR-DE, NL, BE and APX UK FR-BE, BE-NL, NL-DE) and markets isolated NorNed and BritNed and GB-GB EPEX CWE internal borders and IFA, DE, FR, and BE DK-DE, DE-SE markets isolated NPS (Nordi
Slide 34: Partial Decoupling before OBK GCT (12:00)
Partial Decoupling before OBK GCT (12:00) • * This is the maximum time which could be used to solve a technical problem in order to avoid a decoupling. If the technical problem is resolved in less than 55 min than the next processes will start earlier. • ** the Second Auction in CWE / GB is a single
Slide 35: Partial Decoupling before OBK GCT (12:00)
Partial Decoupling before OBK GCT (12:00) Partial coupling followed by Full Decoupling + Special Routine Nordics • * In case X6b, the NPS special procedure, being an iterative process, may take the same timeframe as when all markets are still coupled, but this is not relevant in a full decoupling si
Slide 36: Partial Decoupling after OBK GCT (12:00)
Partial Decoupling after OBK GCT (12:00) Case X7 Case X8 Case X9a Case X9b Publication of preliminary results =12:42 36
Slide 37: Nomination Deadlines @ Elia
Nomination Deadlines @ Elia Cases Case Description NO market HUB 1 Cross Border Genera- Number results HUB2 tion before Off-Take Injection Normal - X1 partial decoupling before OBK GCT 14:00 14:30 15:00 X10 full decoupling before OBK GCT 1 small delay X2 partial decoupling before OBK GCT + small del
Slide 38: Powering a world in progress
38 Powering a world in progress
Slide 39: The coffee break
Slide 40: Detailed operational procedures
Timings and messages DETAILED OPERATIONAL PROCEDURES
Slide 41: Normal NWE/PCR process
NORMAL NWE/PCR PROCESS
Slide 42: Normal NWE/PCR process
Normal NWE/PCR process Final PX GCT results Normal timing 10:30 12:00 12:42 12:55 15:00 CZC publication MP’s introduce orders Preliminary result publication Coupling process Notifications to Elia * All timings are C.E.T 42
Slide 43: Normal process timeline
Normal process timeline • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 • Publication of preliminary market results 12:42 • Publication of final market results 12:55 Notification Belgium France Germany The Netherlands deadline Cross-Border 14:30 14:30 14:30 14:00 (E-program)
Slide 44: Case 1 Process delayed with max timing
CASE 1 PROCESS DELAYED WITH MAX TIMING
Slide 45: Case 1 Process delayed with max timing
Case 1 Process delayed with max timing Final PX GCT Normal results timing 10:30 12:00 12:42 12:55 13:00 13:20 Exceptional 13:38 13:50 15:30 timing CZC publication MP’s introduce orders Preliminary result publication Coupling process / Backup procedures Notifications to Elia Message to MP Technical p
Slide 46: Case 1 Process delayed with max timing
Case 1 Process delayed with max timing • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 • Delay in Market Coupling results Timing Message Additional actions Market Local hub Cross Generation for MPs results Notification Border notification Publication Deadline Notification de
Slide 47: Messages
Messages veld Lelia PX : [ExC_02] TSO #9 [FxC_02]: Delay in Market Coupting Results publication - Message (HTML) Efile Edt Yiw Insert Format Took Actions Help Fle Edt View Insert Fat Tons Actions Help se ed BI oh NO) BD | oats | @ BM cae a Z| (tes) [pti access IPT <DNERIDACCESSGELIA BES ] (Tae. ) |
Slide 48: Case 2a Second Auction
Powering a world in progress CASE 2A SECOND AUCTION Case 2a 2"? Auction CWE/GB
Slide 49: Case 2a second auction
Case 2a second auction Final PX GCT Normal results timing 10:30 12:00 12:30 14:00 Exceptional >12:42 >12:55 13:00 13:20 <13:50 15:30 timing CZC publication MP’s introduce orders Preliminary result publication Coupling process Notifications to Elia Message to MP * All timings are C.E.T 49
Slide 50: Case 2a second auction
Case 2a second auction • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 • Threshold reached -150€/MWh or 500€/MWh (-150£/MWh or + 500£/MWh) • Second Auction triggered (re-opening of Order Books) Timing Message Additional Market Local hub Cross Border Generation actions for
Slide 51: Messages
Messages PX : [ExC_01] CASC will add: Therefore, if relevant, we advise you to update your shadow bids at CASC EXAU platform before 13:40. 51
Slide 52: Case 4 Full Decoupling
Powering a world in progress CASE 4 FULL DECOUPLING
Slide 53: Case 4 Full Decoupling
Case 4 Full Decoupling Shadow PX GCT Auction Final Normal results results timing 10:30 12:00 12:55 Exceptional 12:42 13:00 13:20 13:50 >14:30 15:30 timing CZC publication MP’s introduce bids Process run Full decoupling preparation* Full decoupling MP’s update orders** Exceptional procedures Notifica
Slide 54: Case 4 Full Decoupling
Case 4 Full Decoupling • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 Timing Message Additional actions Market Local hub Cross Border Generation for MPs results Notification Notification notification Publication Deadline Deadline deadline deadline HUB1/HUB2 CASC: invitation
Slide 55: Case 4 Full Decoupling
Case 4 Full Decoupling • Full decoupling announcement • Shadow auctions • Follow the local auction rules Timing Message Additional actions Market Local hub Cross Border Generation for MPs results Notification Notification notification Publication Deadline Deadline deadline deadline HUB1/HUB2 [ExC_03
Slide 56: Messages
Messages PX : [ExC_02] Powering a world in progress Nes sults publication, Edt Yew Insert Foimat Tools Adions Help send | fH) oh 3 | | S| SDD |e | SI 23 ontions PaO) || Calon Al ees Ce. JI Subject [EC Clon Walt Coupg Pers publesen APX--- beloe<--- Dear APX or Baloex participant, ‘The Market Coupling
Slide 57: Messages
Messages PX : [ExC_03b] TSO CASC will add: Therefore, if relevant, we advise you to update your shadow bids at CASC EXAU platform before 13:40 57
Slide 58: Messages
Messages PX : [ExC_04b] TSO 58
Slide 59: Case 5a Full Decoupling + 2nd Auction
CASE 5A FULL DECOUPLING + 2ND AUCTION
Slide 60: Case 5a Full Decoupling + 2nd Auction
Case 5a Full Decoupling + 2nd Auction Shadow Auction PX GCT results Final**** Normal results timing 10:30 12:00 12:55 Exceptional 12:42 13:00 13:20 13:50 14:00 14:25 14:45 16:00 timing CZC publication MP’s introduce bids Coupling process Full decoupling preparation* Full decoupling MP’s update order
Slide 61: Case 5a Full Decoupling + 2nd Auction
Case 5a Full Decoupling + 2nd Auction • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 Timing Message Additional actions Market Local hub Cross Border Generation for MPs results Notification Notification notification Publication Deadline Deadline deadline deadline HUB1/HUB2 C
Slide 62: Case 5a Full Decoupling + 2nd Auction
Case 5a Full Decoupling + 2nd Auction • Full decoupling announcement • Shadow auctions • Follow the local auction rules Timing Message Additional actions Market Local hub Cross Border Generation for MPs results Notification Notification notification Publication Deadline Deadline deadline deadline HU
Slide 63: Messages
Messages PX : [ExC_02] Powering a world in progress Nes sults publication, Edt Yew Insert Foimat Tools Adions Help send | fH) oh 3 | | S| SDD |e | SI 23 ontions PaO) || Calon Al ees Ce. JI Subject [EC Clon Walt Coupg Pers publesen APX--- beloe<--- Dear APX or Baloex participant, ‘The Market Coupling
Slide 64: Messages
Messages PX : [ExC_03b] TSO CASC will add: Therefore, if relevant, we advise you to update your shadow bids at CASC EXAU platform before 13:40 64
Slide 65: Messages
Messages PX : [ExC_04b] TSO 65
Slide 66: Messages
Messages PX : [UMM_05] TSO Fle Edt View Insert Format Tools Actions Help fle Edt View Insert Format Tools Actions Help Arial | 10 Send | (| Ga] Biierdona so =| Al Boz) = . (Cites _) (cssestapxeroun com 1} (tec) (Dita acess TPT <[email protected]> ] (ose) | | J Subject: _[UY_0S: Thresholds reached
Slide 67: Case X3a Partial Coupling before OBK GCT + Second Auction
CASE X3A PARTIAL COUPLING BEFORE OBK GCT + SECOND AUCTION
Slide 68: Case X3a partial coupling before OBK GCT + Second Auction
Case X3a partial coupling before OBK GCT + Second Auction Shadow Auction Final results 12:00 results Normal timing 10:30 PX GCT 12:30 14:00 Exceptional 11:15 11:45 >12:42 >12:55 13:00 13:20 <13:50 15:30 timing CZC publication MP’s introduce orders Preliminary result publication Partial coupling befo
Slide 69: Case X3a partial coupling before OBK GCT + Second Auction
Case X3a partial coupling before OBK GCT + Second Auction • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 • Threshold reached -150€/MWh or 500€/MWh (-150£/MWh or + 500£/MWh) • Second Auction triggered (re-opening of Order Books) • Publication of final market results before
Slide 70: Message
Message PX : [UMM_02] CASC will add: Therefore, if relevant, we advise you to update your shadow bids at CASC EXAU platform before 13:40 70
Slide 71: Messages
belpdx.-- Messages Yetia PX : [ExC_01] Powering a world in progress F Ble Edt view insert Forme Tocls Actions Help Aserd | le | 3 AP) WB | td | S| 1 options, z)10 -/AlBZ U\z (Con. _) (ssdesitanscrou com La. J[ ] ] Sabet _|[Exe1) thoshods reached -Reporing toad bots QaQx---- belpe<-- Dear APX or Belp
Slide 72: Case X7 Partial Coupling after GCT
CASE X7 PARTIAL COUPLING AFTER GCT
Slide 73: Case X7 partial coupling after GCT
Case X7 partial coupling after GCT Shadow Auction Final PX GCT results Normal results timing 10:30 12:00 Exceptional 12:20 12:30 12:40 13:00 13:20 13:38 13:50 15:30 timing CZC publication MP’s introduce orders Preliminary result publication Partial coupling preparation* Partial coupling MP’s update
Slide 74: Case X7 partial coupling after GCT
Case X7 partial coupling after GCT • CZC published at 10:30 on CASC website • PX gate closure time at 12:00 • Publication of preliminary market results at the latest 13:38 • Publication of final market results at the latest 13:50 Timing Message Additional Market Local hub Cross Border Generation act
Slide 75: Messages
Messages PX : [ExC_03a] CASC will add: Therefore, if relevant, we advise you to update your shadow bids at CASC EXAU platform before 12:30. 75
Slide 76: Messages
Messages PX : [ExC_04a] TSO 76
Slide 77: NWE process overview
NWE process overview PX GCT Normal timing 10:30 12:00 12:55 Exceptional 11:45 12:20 12:40 13:05 13:50 15:30 timing CZC publication MP’s introduce bids Process run Partial coupling due to CZC reason Partial coupling preparation Partial coupling Full decoupling preparation Full Exceptional procedures
Slide 78: Decoupling scenarios
Decoupling scenarios Where’s the problem What decouples? Resulting configuration APX/Belpex CWE internal borders (FR- NL, BE and APX UK DE, FR-BE, BE-NL, NL-DE) markets isolated and NorNed and BritNed and GB-GB EPEX CWE internal borders and DE, FR, and BE IFA, DK-DE, DE-SE markets isolated NPS (Nord
Slide 79: Communication to the market - summarized
Communication to the market - summarized Time/ Communication Message Other messages Deadline number CASC TSO Local PX 10:00 Risk of Partial/full Decoupling known in [ExC_03a/b] X advance 10:30 Partial/full Decoupling known in advance [ExC_05a/b] 11:15 Risk of partial decoupling for one or more [UMM_
Slide 80: Communication to the market - summarized
Communication to the market - summarized Time/ Communication Message Other messages Deadline number CASC TSO Local PX 13:00 • Delay in Market Coupling Results publication -> X Extension of notification deadlines 13:20 • Risk of Full Decoupling [EXC_03b] • Delay in Market Coupling Results publication
Slide 81: Powering a world in progress
81 Powering a world in progress
Slide 82: Linked & Exclusive Block Orders
Smarter Day-ahead Smart bids project New Block Order Types LINKED & EXCLUSIVE BLOCK ORDERS
Slide 83: Linked Block Orders
Linked Block Orders Definition: • The execution of (a set of) profile block(s) is subject to the execution of another block • Other standard execution rule apply in full Use: • Allows to explicitly consider technical and economical constraints • For example, a first block may include the start-up co
Slide 84: Example
Example Technical plant data Bidding strategies Output Cost Possible bidding strategy 1: (MW) (€/MWh) • Block 1: Sell 50 MW @ 65 € • Block 2: Sell 250 MW @ 59 € Pmin 50 65 • linked to Block 1 200 62 → Unit is fully accepted if P>60; Pmax 300 60 → or 50 MW accepted if P>65 • Production cost 50 MW = 6
Slide 85: Example
Example Technical plant data Bidding strategies Output Cost Possible bidding strategy 1: (MW) (€/MWh) • Block 1: Sell 50 MW @ 65 € • Block 2: Sell 250 MW @ 59 € Pmin 50 65 • linked to Block 1 200 62 → Unit is fully accepted if P>60; Pmax •300Linked Block 60 → orwellfare Orders: global 50 MW accepted
Slide 86: Linked Block Orders – use cases
Linked Block Orders – use cases Optimise thermal power plants • Offer plant using multiple orders, allowing it to run at different outputs, each reflected by their own cost level • Run one/several hour(s) earlier or later if power prices remain interesting outside of the peak period Optimise consump
Slide 87: Exclusive Block Orders
Exclusive Block Orders Definition: • Within a set of profile blocks, at most one block can be accepted • Other standard execution rule apply in full Use: • Allows to propose for trading different production patterns • For example, a specific production plant can be offered • at a low price for basel
Slide 88: Exclusive Block Orders
Exclusive Block Orders Optimise thermal power plants • Similar to using Linked Block Orders Optimise combined heat & power installations • Heat demand with flexible timing, or some heat buffer • Flexibility might allow to produce heat & power when power prices are highest, using several exclusive pr
Slide 89: Benefits of Smart Orders
Benefits of Smart Orders • ‘Smarter’ orders give more flexibility when introducing orders for the auction • Better reflecting technical constraints of generation units • E.g. no partial clearing at non-cost reflective price levels, lower PRB frequency (plant offered in smaller blocks), … • Easier
Slide 90: Static Demo: Linked Family
Static Demo Linked Family 90 Powering a world in progress
Slide 91: Linked Family - Entry
Linked Family - Entry Two options are available to submit a Linked family Option 1 Option 2 91
Slide 92: Linked Family - Entry
Linked Family - Entry A visual representation helps the trader to identify mistakes: Red screen for Buy side (Green for Sell side) Show the number of Indicate the parent of the Give a representation of Family group submitted block the family 92
Slide 93: Linked Family - Entry
Linked Family - Entry Linked family can combine Buy and Sell: the background turns blue and the columns turn red or green to represent Buy or Sell orders Graph shows both sides Indicates the side of the Pressing this button shows block the family in a tree 93
Slide 94: Linked Family - Entry
Linked Family - Entry A Tree View shows the hierarchical relationship between orders Block 4 can only be traded if Pressing this button lead the Bloc 2 and block 1 are trade trader back to the entry screen • Color represents the side of the order (Buy or Sell). • Colored squares make the link with t
Slide 95: Static Demo: Exclusive Group
Static Demo Exclusive Group 95
Slide 96: Exclusive Group - Entry
Exclusive Group - Entry Two options are available to submit an Exclusive Group Option 1 Option 2 96
Slide 97: Exclusive Group - Entry
Exclusive Group - Entry A visual representation helps the trader to identify mistakes: Green screen for Sell side (Red for Buy side) Number of exclusive group will be Out of all the order entered, limited – limit to be defined maximum one will be traded 97
Slide 98: Exclusive Group - Entry
Exclusive Group - Entry Linked family can combine Buy and Sell: the background turns blue and the columns turn red or green to represent Buy or Sell orders Indicates the side of the Graph shows both sides block 98
Slide 99: Automatic Order Submission Tool
Smarter Day-ahead Smart bids project Submit Orders using XML files AUTOMATIC ORDER SUBMISSION TOOL 99
Slide 100: Automatic Order Submission: Intro
Automatic Order Submission Intro • New tool to facilitate submitting orders in automated way using XML files • Easier workflow • Eliminates operational risks involved with Paste from Excel functionality • Planned to be available before launch of Smart Orders 100
Slide 101: Automatic Order Submission: Details
Automatic Order Submission Details • Software to be installed alongside EuroLight® client • Tool will monitor specific folder and • Process all xml files contained in folder • Give feedback via « acknowledgement » xml file • Orders introduced via tool will be visible in EuroLight® Order Book • Editi
Slide 102: Automatic Order Submission: XML Specifications & Testing
Automatic Order Submission XML Specifications & Testing • Draft manual & specifications of xml files available on APX / Belpex websites • Scheduled to be available on the Member Testing environment as of 23 October 102
Slide 103: Change to Rules
Belpex Market Rules – Elia ARP contract – … CHANGE TO RULES 103
Slide 104: Belpex Market Rules
Belpex Market Rules Market Rules • Execution conditions for Linked & Exclusive Block Orders • Clarifications of procedures (with no impact on members) 104
Slide 105: Belpex Market Procedures
Belpex Market Procedures Market Segment Specifications • Changes with respect to countries involved in Market Coupling • Day-Ahead Market • Minimum price will become -500 €/MWh Via Communication • Maximum price will remain +3000€/MWh • Availability Linked & Exclusive Block Orders confirmed • Changes
Slide 106: Changes to Elia ARP contract
Changes to Elia ARP contract ARP Contract • No changes • Contains nomination deadlines for normal procedures 106
Slide 107: Publications
Capacities – Flows – Prices – … PUBLICATIONS 107
Slide 108: Publications
Publications • www.belpex.be • Market prices & auction volumes • www.elia.be • NTC values, ATC values, flows • www.casc.eu • ATC values, Shadow Auction results (if any) • Yearly, monthly capacity auction results • www.europeanpricecoupling.eu • Daily prices, ATC values & flows 108
Slide 109: Planning to Go-live & Member Testing
Belpex Market Rules – Elia ARP contract – … PLANNING TO GO-LIVE & MEMBER TESTING 109
Slide 110: NWE Target Go-live Date
NWE Target Go-live Date • The Target Go-live date has been set at 26 November 2013 • for Delivery Date 27 November 2013 • Go-live date is subject to • Successful completion of the Simulation Test phase; • Successful completion of the Member Test phase; • Signing of all contracts and agreements; • Re
Slide 111: NWE Simulation Testing
NWE Simulation Testing • Simulation Testing phase by NWE project parties until 31/10/2013 • Normal Day scenarios • Backup scenarios • Fallback scenarios (full decoupling and partial coupling) • Complexity due to • testing with 50+ systems and 150+ interfaces involved • New partial coupling procedure
Slide 112: Joint NWE Member Tests
Joint NWE Member Tests • NWE Member Test planned for 14/10 – 25/10 • Timing delayed to afternoon, but same process time • On request of members, testing of nomination process has been added to all test days • Smart Orders are available in NWE Member Testing Settlement Date Simulation i Nomination Pr
Slide 113: Local Member Tests: Smart Orders
Local Member Tests Smart Orders • Smart Orders are available on Member Test environment already • Will remain available until (and after) NWE Go-live • From 28 October until 15 November, test auction will be organized by APX / Belpex • Smart orders will be available to see how matching results are p
Slide 114: Local Member Tests: Automatic Order Submission Tool
Local Member Tests Automatic Order Submission Tool • Scheduled to be available on Member Testing environment as of 23 October • Exact details will be communicated later • Will be available on Production environment prior to the NWE go-live • Please note that the Smart Orders functionality will only
Slide 115: Disclaimer: messages and timings subject to change
Disclaimer: All messages and timings are subject to changes after final testing. 115
Slide 116: Conclusion
CONCLUSION 116
Slide 117: Belpex / Elia - Powering a world in progress
beloe oat to Catia Powering a world in progress
Slide 118: Summary
SUMMARY 118
Slide 119: PCR Process Timings for NWE
PCR PROCESS TIMINGS for NWE • * This is the maximum time which could be used to solve a technical problem in order to avoid a decoupling. If the technical problem is resolved in less than 55 min than the next processes will start earlier. • ** the Second Auction in CWE / GB is a single process takin
Slide 120: PCR Process Timings for NWE
PCR PROCESS TIMINGS for NWE 120
Slide 121: Full decoupling before OBK GCT (12:00)
Full decoupling before OBK GCT (12:00) Case X10 Case X12 Case X11 Full decoupling Idem + Idem + before 12.00 delay 2nd Auction CWE OBK GCT = 12:00 Full decoupling Full decoupling Full decoupling Publication of prelimi- 42 min 42 min 42 min nary results =12:42 Max. Time 2nd Auction Notification /Flex
Slide 122: Partial Coupling before OBK GCT (12:00)
Partial Coupling before OBK GCT (12:00) Case X1 Case X2 Case X3a Case X3b Case X4a Case X4b Publication of prelimi- nary results =12:42 122
Slide 123: Partial Coupling before OBK GCT (12:00)
Partial Coupling before OBK GCT (12:00) • * In case X6b, the NPS special procedure, being an iterative process, may take the same timeframe as when all markets are still coupled, but this is not relevant in a full decoupling since Nordic and Baltic TSOs do not impose a nomination deadline, but • ins
Slide 124: Partial coupling after OBK GCT (12:00)
Partial coupling after OBK GCT (12:00) Case X7 Case X8 Case X9a Case X9b • * In case X9b, the NPS special procedure, being an iterative process, may take the same timeframe as when all markets are still coupled, but this is not relevant in a full decoupling since Nordic and Baltic TSOs do not impose
Slide 125: Communication to the market - summarized
Communication to the market - summarized Time/ Communication Message Other messages Deadline number CASC TSO Local PX 10:00 Risk of Partial/full Decoupling known in [ExC_03a/b] X advance 10:30 Partial/full Decoupling known in advance [ExC_05a/b] 11:15 Risk of partial decoupling for one or more [UMM_
Slide 126: Communication to the market - summarized
Communication to the market - summarized Time/ Communication Message Other messages Deadline number CASC TSO Local PX 13:00 • Delay in Market Coupling Results publication -> X Extension of notification deadlines 13:20 • Risk of Full Decoupling [EXC_03b] • Delay in Market Coupling Results publication