ife-casc.eu project forum with market parties paris – 18th june 2013 1
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Welcome and Agenda
• 9:30 - 10:00 - Welcome of participants • 10:15 - Project presentation • 10:30 - Presentation of CASC.EU• 10: 45 - Proposed evolutions for the yearly and
monthly allocations • 11:10 - Proposed evolutions for the daily and
intraday allocations • 11:30 - Feedback from market parties • 12:30 - 14:00 Lunch
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Project presentation• Context and background
• Over the last 2 years, RTE, REE and CASC.EU have been working for the integration of IFE LT auctions in CASC.EU platform following ACER recommendations (FWGL-CACM and cross-regional roadmaps presented at Florence Forums)
• After the 10th IG meeting of this SWE-ERI, TSOs requested to Regulatory Commissions, and Ministries where relevant, the needed comfort for the project and sent a detailed project description
• A MoU between CASC-RTE-REE was signed in 15th April 2013
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Main goals of the project• Foreseen scenario :
Transfer of the IFE Yearly and Monthly auctions to
CASC-EU, Current situation in IFE
PTR Annual auction: REE
PTR Monthly auction: RTE
PTR Daily auction: RTE
PTR ID auction: REE
Situation in IFE in 2014
PTR Annual auction: CASC.EU
PTR Monthly auction: CASC.EU
PTR Daily auction : RTE
PTR ID auction: REE
• Daily Auction will be replaced by Day Ahead Market Coupling SWE-NWE
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Planning 15th April 2013: MoU signature. May 2013: Information towards Market Participants (MP), NRAs and
other TSOs. June 2013:
Launch of Public Consultations on LT and ST Auction Rules (3 weeks)
IFE Users’ Forum (18th June) Comments on the two set of Rules (during the consultation period)
July 2013: Submission of final IFE LT and ST Auction Rules to the NRAs (Spanish Ministry and CRE), for their approval
Foreseen Go live for December 2013 Auction, subject to NRA approval
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Evolutions of long-term auctions
• Yearly and monthly auctions on IFE will be no longer covered by IFE rules all references to long-term auctions have been removed by IFE rules 3.0
• Yearly and monthly auctions on IFE will be covered by a new version of the Harmonized Auction Rules (HAR v2.0)
• Public consultation is now open (until 21st June for HAR 2.0, 25th June for IFE rules 4.0)
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• The HAR deals with the Allocation of PTRs– Only one Declaration of Acceptance (DoA) on HAR dealing with the
Allocation; no DoA for Nomination – The DoA will be signed by CASC and the Participant
• DoA for nomination will be covered in local regulation (Spanish Operational Procedure 3.1 and I/E Rules in France)
• The HAR are issued for an unlimited period
• Some border specificities
HAR - Auction Rules structure
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HAR - Participation requirements
• Signature of the Declaration of Acceptance (DoA)
• Financial Guarantees : Business Account Entitlement
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• Any entity will be entitled for all Yearly and Monthly auctions if it is active on the Electricity Market in at least one control area
For Spain:• Certificado del Operador del Sistema-Sujeto del
Mercado issued by REE
HAR - Participation requirements
UIOSI, Transfer and Resale mechanisms can be used by Participants even if they cannot nominate the PTRs bought
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HAR - Financial Guarantees
Cash deposit – Business Account (no more bank guarantees for LT PTRs on IFE).
The Credit limit to be awarded of capacity should cover :
•Monthly product: full amount•Yearly product: 2/12th of the total amount
•Amounts are blocked•Invoicing/self-billing : 5 working days of M+1
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For France-Spain, an aggregation of Yearly and Monthly Held Capacities
Sent at 16:00
HAR – Programming authorisations
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UIOSI mechanism is applied on all Country Borders.
For France-Spain border :– Marginal price of the specific daily auction
Same as today in IFE rules
–Positive day-ahead spot market spread in the affected period in the same direction, in case of cancellation of the daily auction
HAR - UIOSI
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•Held capacities are firm, except for Force Majeure and Safety of the system. Firm after sending PA, except for Force Majeure.For France-Spain, compensation based on day-ahead spread + two caps:•On the day-ahead market spread values •On the monthly total amount of compensations
•Exchange Programs are firm, except for Force MajeureCompensation is based on initial price.
HAR - Firmness
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Transfer mechanism for exchanging Yearly/Monthly Capacities between Participants with notification to TSOs
Resale of Yearly Capacities in a Monthly Auction
HAR - Secondary Market
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HAR - Secondary Market• Bulletin Board : to exchange proposals for transfer among
partiesPrototype of the Bulletin board (please not that below examples of the screens might be different in the production environment)
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Evolutions of short term auctions
• Yearly and monthly auctions will be no longer covered by IFE rules 4.0 all references to long-term auctions have been removed
• Public consultation is now open (until 25th June)
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Main improvements• New definitions:– Auction Administrator, Contestation Period, Intraday
Product, Offered Capacity and Rules for Capacity Allocation by Explicit Auctions
• Cancellation of some definitions due to:• IFE rules v4.0 perimeter: Monthly Product, Resale
Notification, Reseller definitions, Secondary Market Operator, Secondary PTR markets, Transfer Notification and Transferor definitions, PTR Holder and PTR Transfer.
• Text improvements and clarifications: CNE and CRE, Ministerio de Industria, Turismo y Comercio, Ministerial Order, Beneficiary, Force Majeure and Reduction Coefficient.
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Main modifications• To cover the new rule’s perimeter (only daily
and intraday timeframes)– Art 1.02, 1.03, 2.03, 2.06, 4.01, 4.04, 6.03, 7.01 and 7.02
• Improvement and clarifications on the text on:– Bank Guarantee nature, amount, modification and
invocation (art. 3.02)– Entitlement conditions (art. 3.04)– Suspension and withdrawal of Entitlement process (art. 3.05) – Other general text improvements
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Main modifications• Articles no longer needed in IFE rules v4.0
– Article 2.07: As firmness of exchange programs is covered in local contracts / regulation
– Section VI on Secondary PTR Market, as is dealt in HAR rules– Articles 7.01 and 7.04 (to cover only daily/intraday timeframes)
• Articles updated due to new terms:– Auction Administrator (art. 1.05, 2.02, 3.02, 3.04, 4.02, 6.02, )– Offered Capacities (art. 2.04)
• New article 9.04 on Intellectual property.• Improved description on Payment conditions and
Payment Incident (art. 7.02)• Resale and Compensations concepts (art. 7.01) were
eliminated 20
Appendixes updates• Appendix 1: Minor modifications
• Appendix 2: Now covers both TSOs. New conditions for Bank Guarantees. New model of letter of invocation of Bank Guarantee.
• New Appendix 3 on Downgraded Mode: modifications to cover only daily and intraday timeframes.
• Appendix 4: contact details updated.
• New Appendix 5: new appendix for listing the functions of Auction Administrator and their splitting between TSOs.
• Old Appendices 3, 5, 6, 7 from IFE Rules v3.0 have been deleted
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