Elia Group SA/NV · EURONEXT:ELI
Elia Group SA/NV — Titel van de presentatie, 26 pt regular maximaal twee regels
63 slides from Elia Group SA/NV's investor presentation, Apr 25, 2014
Slide 1: Balancing Taskforce 2014 n°2
Balancing Taskforce 2014 n°2 April 25th, 2014
Slide 2: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 3: Energy Management as of April 1st 2014
Energy Management as of April 1st 2014 ENMAN Emeline Spire Assistant Katelijne Aerts Balancing & AS development AS Contracting & Operations Filip Carton (until 1/7/14) Manuel Aparicio Thibaut Gérard Bob Hebb Pieter-Jan Marsboom Anna Tsiokanos Thameur Baatout Farid Benbouali Sophie Van Caloen Matthia
Slide 4: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 5: Validation of Meeting Minutes Balancing Taskforce 17/02/2014
Validation of Meeting Minutes Balancing Taskforce 17/02/2014 Minutes of meeting Balancing Taskforce 17/02/2014 Remarks on these minutes could be sent to [email protected] – NO comments received Validated Minutes will be published on our web-site http://www.elia.be/en/about-elia/Users-group/ad-h
Slide 6: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 7: Evolutions in Short Term Sourcing & Next Steps
TF Balancing Evolutions in Short Term Sourcing & Next Steps Feedback Consultation Note Hans Vandenbroucke April 25th, 2014
Slide 8: Short Term Sourcing R1 & R2: Reminder of past decisions
Short Term Sourcing R1 & R2 2014: Reminder of past decisions Early 2013 an agreement emerged between Minister Wathelet’s Cabinet, CREG, Producers and Elia that for 2014 a share of primary and secondary control power should be covered by short term procurement. The target range to be covered by short
Slide 9: Short-term Auction Results so far
Short Term Sourcing R1 & R2 Short-term Auction Results so far… # of bids Second round? Selected Volume [MW] Average Prices [€/MW/h] 27 R1 100mHz 41,22 Y, for selection price January 98 bids 20 R2 Up 12,5 satisfaction 20 R2 Down 12,5 28,9 R1 100mHz (PE+LOP) 34,74 Y, for selection price February 189 b
Slide 10: Short Term Sourcing R1 & R2: 1st Consultation Note
Short Term Sourcing R1 & R2 1st Consultation Note From Dec – May : 6 monthly auctions organized for R1 100mHz & R2 CREG will draft analysis on ST auction results of 1st semester 2014 Without positive analysis on S1 2014 and without explicit support from CREG, ELIA cannot continue with short te
Slide 11: Feedback 1st Consultation Note
Short Term Sourcing R1 & R2 Feedback 1st Consultation Note The feedback from the 1st consultation revealed that most respondents are in favor of evolving towards 100% short term sourcing of all products… o “LT sourcing of ancillary services leads to dis-functioning markets…” o “ST sourcing reduces
Slide 12: Feedback 1st Consultation Note
Short Term Sourcing R1 & R2 Feedback 1st Consultation Note With respect to products… o “Extend ST procurement volume to other products such as R1 200mHz, R1 load, R1 down” o “Limit the number of standard products in order to increase liquidity, volumes and competition for each of the products and
Slide 13: Next steps in 2014 for 2015
Short Term Sourcing R1 & R2 Next steps in 2014 for 2015… Following… the result/feedback received from the 1st consultation on Package 2015 the confirmation by CREG, in case of prolongation of short term sourcing, of their support to a 100% Short Term sourcing of all R1 & R2 services and the rece
Slide 14: Short Term Sourcing R1 & R2: Process
Short Term Sourcing R1 & R2 Process ELIA has planned to launch its tendering process in May for the yearly contracting of R1, R2 and R3 production. Meanwhile, ELIA is organizing a 2nd consultation on the proposed evolution towards 100% short term sourcing of all R1 and R2 products till May 5th.
Slide 15: Tendering Calendar - general overview
Tendering Calendar - general overview Feb 17th 1st TF Balancing: planning, contracting process, presentation of and start consultation period on “Package 2015” Mar 18th End of consultation period – possible amendments to “Package 2015” Apr 1st Opening European Qualification procedure R1 / R2 / R3 (c
Slide 16: Feedback 1st Consultation Note (continued)
Feedback 1st Consultation Note (continued) The feedback from the 1st consultation revealed that respondents welcome the facilitation of a quasi-real time information to the concerned BRP on the exact activated volume in his perimeter o “efforts of Elia and the DGOs to provide ‘quasi-real time info
Slide 17: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 18: Contracting 2015 - Open Qualification procedure /contract
TF Balancing Contracting 2015 - Open Qualification procedure /contract Matthias Masschelin April 25th, 2014
Slide 19: Content
Content - Yearly tenders: 7 services, 3 timelines - Critical deadlines - Tender documents - Impact 100% STS April 25th 2014 Task Force Balancing 19
Slide 20: Open Qualification system – small reminder
Open Qualification system – small reminder Yearly Process: - Yearly Process, transparent and non discriminatory - However: difficult to introduce new parties to participate in a ST or secondary market - Applicable in 2015: R1load*, R1RTE*, R3DP, ICH Signed (framework) Candidates Offers Award Contrac
Slide 21: Timing Contracting R1R2R3
Timing Contracting R1R2R3 Publication R1 – R2 – R3: General Framework qualification system: distributed to known 2014/S 067-115715 suppliers & candidates April 25th 2014 Task Force Balancing 21
Slide 22: How to participate in a tender
How to participate in a tender 1. Become a Qualified Supplier: Application form = - A candidate supplier must send an e-mail to the address [email protected] referring to the relevant simple and not time consuming contract notice(2014-050094) and indicating interest in participating in the tend
Slide 23: General Framework
General Framework - Equals the former “contract”, updated to govern: - Basic principles Long term tenders - added to the general framework - Details as award criteria communicated with call for tender - Basic principles Short term tenders - no changes compared to 2014 - Details as award criteria pub
Slide 24: Status Contracting (Plan) – R1 load – R1RTE
Status Contracting (Plan) – R1 load – R1RTE Publication Contract notice: R1 load: 2014-050094 R1 RTE: 2014-050115 April 25th 2014 Task Force Balancing 24
Slide 25: How to participate in a tender
How to participate in a tender 1. Become a Selected Supplier: Application form = - A candidate supplier must send an e-mail to the address [email protected] referring to the relevant simple and not time consuming contract notice(2014-050094) and indicating interest in participating in the tende
Slide 26: Agreement RTE
Agreement RTE As you might know, the French System Service Rules have changed in 2014. Elia and RTE are currently updating the bilateral agreement to match these changes, resulting in following possible modifications in the service for 2015: Increase of total maximum cross border procured volume
Slide 27: 100% ST sourcing R1/R2
100% ST sourcing R1/R2 Indicative planning - Untill call for tender -> no work lost - R1 load & R1RTE: introduction of a framework agreement. April 25th 2014 Task Force Balancing 27
Slide 28: Status Contracting (Plan) – ICH / R3 DP
Status Contracting (Plan) – ICH / R3 DP More information to be found on webpage Synergrid April 25th 2014 Task Force Balancing 28
Slide 29: How to participate in a tender
How to participate in a tender 1. Become a Selected Supplier: Application form = - A candidate supplier must send an e-mail to the address simple and not time consuming [email protected] referring to the relevant contract notice(2014-050094) and indicating interest in participating in the tende
Slide 30: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 31: Feedback Expert WG & Next steps R3DP2015
TF Balancing Feedback Expert WG & Next steps R3DP2015 Hans Vandenbroucke April 25th, 2014
Slide 32: Feedback Expert Working Group
Feedback Expert Working Group Mar 19th : 6th Expert Working Group Discussion with stakeholders on lessons learnt from R3 DP 2014 Short feedback of 2 Test Activations Presentation by Synergrid of DSO-BSP contract 2015 public consultation till 21/4 Presentation by Eandis on policy regardin
Slide 33: R3DP 2014 Test Activations – 1st feedback
R3DP 2014 Test Activations – 1st feedback 2 Test Activations performed : 1. Feb 13th from 11h30 to 12h00 2. Feb 25th from 18u15 tot 18u45 All R3 DP volume was activated with contracted providers NRV SI POS NEG GUV R2+ Bids+ R3DP+ Date Quarter (MW) (MW) (€/MWh) (€/MWh) (MW) (MW) (MW) (MW) 13/02/2
Slide 34: Status report - R3 Dynamic Profile 2015
Status report - “R3 Dynamic Profile 2015” Test Activations Report 2 (unannounced) test activations performed in February Report sent to CREG on April 1st CONCLUSIONS: From above 2 test activations, ELIA concluded that volume-wise both activations delivered the requested volumes (with some
Slide 35: Next steps - R3 Dynamic Profile 2015
Next steps - “R3 Dynamic Profile 2015” Calendar May 1st : Call for candidates RDP 2015 June 1st : Tendering R3DP 2015 started < June 15th: Regulatory approval DSO-BSP contract June 15th : deadline for submission of prequalification requests < Aug 31st : DSO-feedback on submitted request
Slide 36: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 37: Feedback Synergrid consultation
TF Balancing Feedback Synergrid consultation Bruno Gouverneur (Synergrid) April 25th, 2014
Slide 38: Slides Bruno Gouverneur (Synergrid)
Slides Bruno Gouverneur (Synergrid) April 25th 2014 Task Force Balancing 38
Slide 39: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 40: Project R2- from Wind
TF Balancing Project “R2- from Wind” Jan Voet April 25th, 2014
Slide 41: Agenda
Agenda • R2- Wind project • Context • Scope • Objectives • Pilot project • Set-up • Timing & Status • Conclusion April 25th 2014 Task Force Balancing 41
Slide 42: R2- Wind project: context
R2- Wind project: context Conclusion Rx Study 2018 Increasing needs for R2* volumes (152-192 MW) Diversification of R2 sources is required for economical efficient delivery Other drivers Increasing scarcity of R2 plants Flexible gas fired power plants less in the money, leading to high must-run cost
Slide 43: R2- Wind project: scope
R2- Wind project: scope • Pilot Project • Ancillary Services Research project • R2 down Wind • Estinnes wind farm (2011) of Windvision farm • 11 x E-126 Enercon turbines of 7,5 MW • Owner: Windvision (BE) • Manufacturer: Enercon (experience in similar projects) • ARP: Enerco Energy Trade (NL) April
Slide 44: Agenda
Agenda • R2- Wind project • Context • Scope • Objectives • Pilot project • Set-up • Timing & Status • Conclusion April 25th 2014 Task Force Balancing 44
Slide 45: Objectives (high level)
Objectives (high level) Level 1 Technical aspects • Communication • Wind farm control response • … Level 2 Performance of R2 service • AAP* accuracy • Reliability of R2 nomination • Accuracy & reliability of R2 delivery • … *AAP = Available Active Power Level 3 R2 wind: insights in improvements to R
Slide 46: R2 activation: difference conventional units and wind farms
R2 activation: difference conventional units and wind farms Conventional units Wind farm • BRP defines output level (Pref) • Wind conditions define output level (not defined by BRP) • Elia sends R2 setpoint • Elia sends R2 setpoint Available power (defined by wind conditions) to be calculated to def
Slide 47: Available Power: option 1
Available Power: option 1 Balancing control mechanism • The WTs need to be permanently curtailed while waiting for activation • R2 regulation around curtailed setpoint • Implemented in TWENTIES and in operation in Denmark, Ireland and UK April 25th 2014 Task Force Balancing 47
Slide 48: Available Power: option 2
Available Power: option 2 Available active power (AAP) mechanism • Compares power that could have been produced with the actual feed-in available power (no continuous curtailment) • R2 regulation around the (estimated) available power • Difficulty: quality of determined the AAP (available power) • F
Slide 49: Level 3 R2 wind: insights in improvements to R2 framework
Level 3 R2 wind: insights in improvements to R2 framework Quickly evolving context for balancing and balancing markets on the: International level National level • Network codes: EU integration for • Integration of RES/ less conventional balancing markets units • Pilot project on XB collaboration fo
Slide 50: Agenda
Agenda • R2- Wind project • Context • Scope • Objectives • Pilot project • Set-up • Timing & Status • Conclusion April 25th 2014 Task Force Balancing 50
Slide 51: Pilot project set-up (1)
Pilot project set-up (1) Pilot project set up • Technical pilot project (goal is to check feasibility of R2- wind) • No capacity reservation for this pilot project • Limited test period • Participants cover own set-up costs • Ex-post compensation of lost green certificates by Elia • Only for the pur
Slide 52: Pilot project set-up (2)
Pilot project set-up (2) Integration in current R2 framework: limited impact • Small ADDITIONAL volume of R2 • No impact on D-1 R2 selection (on top selection during test period) • No impact on imbalance prices • R2- wind not taken into account for the imbalance price calculation • Limited impact on
Slide 53: Timing and status
Timing and status Today 1 month (not fulltime) 2 months (fulltime) Phase 1: Phase 2: Report Preparation preliminary Participation to R2- & tests delivery Publish Set-up & CREG Test communication Test performance & fit & first insight in current R2 framework behavior GO April 25th 2014 Task Force Bal
Slide 54: Conclusion
Conclusion Added value • Insight in R2 opportunities for wind, possibly leading to diversification of R2 resources and providers • Insight in future R2 framework to integrate renewables • Results will be published (and reporting in balancing task force) • Incentive for further development of wind fa
Slide 55: Thank you for your attention
Thank you for your attention April 25th 2014 Task Force Balancing 55
Slide 56: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 57: Status update on Network Code Balancing & ACER Opinion
TF Balancing Status update on Network Code Balancing & ACER Opinion Bob Hebb April 25th, 2014
Slide 58: Introduction
Introduction • The core goal of the Network Code on Balancing is to establish an European wide integrated cross-border balancing market where TSOs balance the system in a coordinated way in order to use the most efficient balancing resources taking into account transmission capacities. • Current way
Slide 59: Drafting process
Drafting process • The drafting of those documents involves the European Commission, ACER and ENTSO-E. • The process for the adoption of the framework guidelines and the network codes is the following: • Important milestones: • Q4 2012 FG on balancing were published • End 2012 Request from EC to ENT
Slide 60: ACER Review – comments
ACER Review – comments ACER reasoned opinion was negative Comments regarding: The roles and responsibilities of involved parties in creating pan- European integrated balancing markets: TSO role, TSO cooperation, Integration models, Implementation timelines, BSP- TSO model, CZC, DSOs, Third par
Slide 61: Next steps
Next steps ENTSOe shall amend the NC on balancing Mar- Aug Re-submission of the NC EB to ACER Aug-Sep Next milestones unclear Commitology process of NC on balancing shall be done together with LFC&R after other codes CACM is currenty stuck at EC codes legal services. EC does not want to se
Slide 62: Agenda
Agenda Welcome & intro 14h00 Approval Minutes TF Balancing Feb 17th 14h10 Evolutions in Short Term Sourcing & Next Steps 14h15 Feedback Consultation Note Contracting 2015 – Open Qualification procedure /contract 14h40 Feedback Expert WG and R3DP2015 next steps 15h00 Feedback Synergrid
Slide 63: Thank you for your attention !
Thank you for your attention ! Slides and MoM can be found at http://www.elia.be/en/about-elia/Users-group/ad-hoc-taskforce- balancing April 25th 2014 Task Force Balancing 63
Elia Group — Titel van de presentatie, 26 pt regular maximaal twee regels on 6ix