17/02/2017 Implementation of CACM Guideline

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1 Implementation of CACM Guideline 1

2 Implementation of CACM Guideline IEWT February 2017 Implementation of CACM Guideline 2

3 Where we come from Fragmented market landscape Voluntary ERI-process Status quo Capacity calculation based on NTC No binding legal framework Implementation of CACM Guideline 3

4 Where we are headed Single market through EUwide market coupling Enhanced competition in power generation, - trading, and - supply CACM GL Flow-based capacity calculation Maximized use of transmission capacity CACM GL entered into force on 14 August 2015 Implementation of CACM Guideline 4

5 Novelties of CACM GL Nominated Electricity Market Operators (NEMOs) are introduced as new players NEMO-status following designation through NRAs Roles and responsibilities Perform market coupling (monopolistic function) Financial Clearing und Settlement A formal process for the review of bidding zone configurations is provided for CACM GL serves as a forerunner for other guidelines (e.g. FCA and SO) Implementation of CACM Guideline 5

6 Main Entities and Major Tasks TSOs Perform capacity calculation Physical clearing and settlement Review of bidding zone configuration NEMOs Perform market coupling Act as Central Counter Parties Financial Clearing und Settlement NRAs Approval of proposals Monitoring Implementation of CACM Guideline 6

7 Single Day-Ahead Market Coupling Process NEMO Functions TSO Functions Market Participants Order Results Collect Orders NEMO Central Counter Party Allocation Constraints Orders for Matching Executed Orders Coordinated Capacity Calculator Market Coupling Operator Single Clearing Price per BZ Net Positions Individual Grid Model Common Grid Model Price Coupling Algorithm TSO Cross- Zonal Capacity Validation Cross-Zonal Capacity Single Net Position per BZ Shipping Agents Generation and Load Data Provision Scheduled Exchange Calculator Generators and Loads Scheduled Exchanges between BZs Implementation of CACM Guideline 7

8 So, what is left to do? CACM GL defines a target model but provides only the framework to achieve this target model This framework is set-up to be complemented by terms and methodologies, which are to be developed by TSOs/NEMOs approved by NRAs implemented by TSOs/NEMOs Accompanying processes (e.g. bidding zone review, monitoring activities) Implementation of CACM Guideline 8

9 Terms and Methodologies - Process Trigger (deadline, pre-ceding process) Shadow Opinion by NRAs Formal submission to NRAs Implementati on several months Work on proposal 4 weeks Public consultation Finalization 6 months Approval through NRAs Yes No TSOs / / NEMOs Stakeholder Request for amendment Approval through ACER/BoR Implementation of CACM Guideline 9

10 Timeline of Implementation 07/ / / / / / / / / /2020 NEMO Designation Capacity Calculation Region (CCR) Delimination Implementation of MCO Function Arrangements with more than one NEMO per Bidding Zone DA Generation and Load Data Provision Methodology (GLDPM) Common Grid Model Methodology (CGMM) Congestion Income Distribution (CID) Methodology Methodology for Calculating Scheduled Exchanges (SEC) DA Establishment of Fallback Procedures ID Cross-Zonal Gate Opening and Gate Closure Time Proposal for Day-Ahead Firmness Deadline Back-Up Methodology Algorithm Development Products Accomodated DA Maximum and Minimum Prices DA Complementary Regional Auctions Capacity Calculation Methodology (CCM) ID Capacity Pricing Methodology Coordinated Redispatching and Countertrading Methodology Redispatching and Countertrading Cost Sharing Methodology Work on proposal Approval Implementation Implementation of CACM Guideline 10

11 Introduction of NEMOs Designation of NEMOs one of the first tasks Interested parties apply for designation Application is reviewed and compliance with designation criteria is checked On 14 December 2015, the following three parties were designated as NEMOs in AT: EPEX Spot EXAA Nord Pool AS Competition among NEMOs Implementation of CACM Guideline 11

12 Designated NEMOs for Day-Ahead 17 companies designated throughout the EU Novelty of CACM: Competition among NEMOs (in competitive markets) Competitive Monopoly Source: ACER Illustration: E-Control Implementation of CACM Guideline 12

13 Market Coupling Operator Entity to perform market coupling Monopolistic function Responsibility of all NEMOs But they are competitors fair and non-discriminatory set of rules required Market Participants Order Collect Orders NEMO Allocation Constraints Orders for Matching Coordinated Capacity Calculator Market Coupling Operator Common Grid Model Cross-Zonal C Price Coupling Algorithm Si Pos Implementation of CACM Guideline 13

14 Implementation Delamination of Capacity Calculation Regions Capacity Calculation Region 1: Nordic Capacity Calculation Region 2: Hansa Capacity Calculation Region 3: Core Capacity Calculation Region 4: Italy North SE1 DK1 DK2 SE4 BE NL LU DE CZ PL SK AT SE2 FI FR AT SI HR HU RO FR NORD SI PL DE SE3 LU SE4 DK1 DK2 Capacity Calculation Region 7: South-west Europe (SWE) Capacity Calculation Region 11: South-east Europe (SEE) Capacity Calculation Region 8: Ireland and United Kingdom (IU) SEM UK To keep in mind: Capacity calculation regions bidding zones; several bidding zone borders in one capacity calculation region Capacity Calculation Region 9: Channel Capacity Calculation Region 10: Baltic FR RO Capacity Calculation Region 5: Greece-Italy (GRIT) BG FI NORD UK PT ES GR CNOR NL EE CSUD SE4 LV SARD SUD GR FR LT SICI PL Implementation of CACM Guideline 14

15 Flow-Based Capacity Calculation From CWE to CORE Central Western Europe (CWE) Develop capacity calculation methodology based on experience gained in CWE and CEE Cross-border capacities essential input to market coupling operator CORE Source: E-Control, Illustration: E-Control Source: E-Control Illustration: E-Control Implementation of CACM Guideline 15

16 Implementation Further Processes Review of bidding zone configuration Cross-Border Intraday (XBID) Complementary regional auction in Intraday AT-IT and AT-SI Implementation of CACM Guideline 16

17 To sum up, CACM GL formalizes voluntary processes related to market integration and foresees EU-wide market coupling sets out a target model for Day-Ahead and Intraday market coupling provides a framework to achieve this target model introduces NEMOs as new players and promotes competition among them conflict with performing market coupling operator function provides for process to review bidding zone configuration Implementation of CACM Guideline 17

18 Information about network codes and guidelines on E-Control s website Implementation of CACM Guideline 18

19 Stakeholder Events Implementation of CACM Guideline 19

20 Implementation of CACM Guideline 20

21 Backup Implementation of CACM Guideline 21

22 Regulators Working Structure and Decision Making ERF 1 /ACER Decision WG 2 Discussion Implementation TF CACM Drafting Implementation TF FCA Drafting Implementation TF SOGC Drafting Implementation TF EB Drafting 1 Energy Regulators Forum 2 Working Group Implementation of CACM Guideline 22

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