Elia Group Sa/nv · EURONEXT:ELI
Elia Group Sa/nv — Corporate Update (March 2014)
18 slides from Elia Group Sa/nv's corporate update, Mar 20, 2014
Slide 1: Status WG European Market Design
Status WG European Market Design Users Group 20 March 2014
Slide 2: WG European Market Design
WG European Market Design • Latest meeting: 20 December 2013 • Next meeting: 31 March 2014 • Ongoing projects: • Day Ahead Market Coupling in N-WE region • Flow-Based Market Coupling in CWE region • Cross- Border Intraday (N-WE+) UG Plen. – 20/03/2014 2
Slide 3: N-WE Day Ahead Market Coupling
N-WE Day Ahead Market Coupling UG Plen. – 20/03/2014 3
Slide 4: NWE Day-Ahead Price Coupling
NWE Day-Ahead Price Coupling BEFORE - Two separate Market Couplings (CWE & Nordic) linked by a volume coupling (ITVC organised by EMCC) - Sequential calculation approach - No common algorithm applied SINCE delivery date February 5th 2014 - Full coupling with GB - One single price coupling based on a
Slide 5: First results
First results UG Plen. – 20/03/2014 5
Slide 6: First results
First results UG Plen. – 20/03/2014 6
Slide 7: Post Go-Live Activities
Post Go-Live Activities Testing & extensions : SWE (South West Europe) : May 2014 ? Italian Borders : end of 2014 ? CWE Flow Based Long Clock Changes UG Plen. – 20/03/2014 7
Slide 8: CWE Flow-Based Market Coupling
CWE Flow-Based Market Coupling UG Plen. – 20/03/2014 8
Slide 9: CWE FB MC Project Status
CWE FB MC Project Status • Successful launch of daily parallel run publication on February, 24th • Bilateral meetings have been organized by the Project with MPs to discuss their needs in terms of transparency and data publication • Planning has been updated and communicated during last PLEF UG Plen
Slide 10: CWE FB MC Project Planning
CWE FB MC Project Planning Project partners foresee a readiness target date by the end of September but a contingency period is needed until end of November in case of unforeseen issues related to: MPs’ readiness IT system readiness and successful testing Appropriate management of interactions
Slide 11: CWE FB MC: Feedback bilateral meetings with MPs
CWE FB MC: Feedback bilateral meetings with MPs CWE Project Partners have now a better understanding what is needed in order to support MPs as best as they can in the switch from ATC to FB Summary of discussion MPs’ main concern: predictability of prices over varying time horizons (from multi-year
Slide 12: External parallel run results: Price convergence
External parallel run results Price convergence (= percentage of time with single CWE price) 100% 90% ATC FB FBI 80% Price convergence 70% 60% 50% 40% 30% 20% 10% 0% 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47
Slide 13: External parallel run results Yearly results for 2013
External parallel run results Yearly results for 2013 Welfare increase of 79M€ (307 days simulated of 365) for 2013 with an average daily gain of 257 K€: Average baseload prices and price spreads: UG Plen. – 20/03/2014 13
Slide 14: Cross-Border Intraday (N-WE+)
Cross-Border Intraday (N-WE+) UG Plen. – 20/03/2014 14
Slide 15: High level overview of current status
High level overview of current status - Early Start Agreement (ESA) is in place – Step 1 has commenced and resources have been mobilised within Deutsche Börse (DBAG), Power Exchanges (PXs) and Transmission System Operators (TSOs) – This phase delivers: - The detailed project plan, - Details of the p
Slide 16: Joint Project Approach
Joint Project Approach Design Local /regional Implementation projects Local /Regional Implementation Projects (LIPs) Roadmap interim Solution LIPs framework conditions Roadmap info from LIPs satisfied Common framework for Follow-up/coordinate implementation of pre- and postcoupling Interim Solution
Slide 17: High level PX project plan with DBAG
High level PX project plan with DBAG ESA Project under ESA Project under Contract Signature ESA ESA Step 2 Step 1 Project Design and Development Planning Business Blueprint FAT & IAT (for ESA Step UAT Activi Development and infrastructure 2 onwards) ties Quality D&D Contract Maintenance planning Neg
Slide 18: Project Structure and interfaces
Project Structure and interfaces NRAs / ACER / AESAG / Stakeholder Committee (to be defined) “NWE + TSO“ Intraday Steering Committee “XBID PXs“ Steering Committee (ID SC) Steering Committee TS Core O Tea PM m “NWE + TSO“ ID Coordination “XBID PXs“ Coordination Team Team (ID CT) PM Project Team O Mon