Natural Gas Storage Contract APPENDIX D Rules for the allocation of storage capacities

Transcription

1 Natural Gas Storage Contract APPENDIX D Rules for the allocation of storage capacities Version approved by the Direction Générale de l Energie et du Climat (DGEC) on 23 January 2017

2 The allocation rules, as described below, are put in place by TIGF pursuant to article R of Energy Code and to the Arrêté dated 7 February 2007, as amended and updated each year, regarding storage unit rights and profiles (hereinafter referred to as the "Arrêté"). Terms defined with a capital letter refer, where appropriate, to the definitions in the general terms and conditions of the storage contract or in the general terms and conditions of the transport contract published by TIGF. 1. Principles 1.1. General Principles The Décret of 12 March 2014 provides that each supplier shall have a right to storage capacity, depending on the profile of the end consumers base that said supplier serves. Storage unit rights and profiles associated with a delivery point are specified in the annually published Arrêté, and depend on the weather station to which it is attached. In accordance with article R421-3 of the Energy Code, the storage capacities used and sold by TIGF are intended, as a priority, to satisfy the storage rights associated with end consumers in the TIGF zone, hereinafter referred to as "native rights", as defined pursuant to article R421-6 of the Energy Code. TIGF has developed capacities that exceed the requirements of the native rights envelope in its balancing zone. Said excess capacities may be used to satisfy the storage rights associated with end consumers in other balancing zones, in accordance with article 2 of the Arrêté. The Arrêté also specifies that "TIGF shall contribute at least 9.2 TWh in volume, and 63.8 GWh/d in withdrawal rate to satisfy storage capacity requirements defined in article 3 of Décret No These capacities are hereinafter referred to as "report rights". If a Customer does not subscribe to all of his native rights during the first allocation round, the multi-year capacities subscribed before 12 March 2014 shall be considered acquired primarily through native rights in the TIGF zone and, beyond these rights, through report rights Storage offers The non-exhaustive list of storage offers, described below, may be sold through rights. In this case, the associated capacities are returnable: Equilibre Offer (1) Dynamique Offer (1) Luiza Offer (1) Paired offer, comprising 1 Equilibre Offer bundle and 1 Dynamique Offer bundle. Super Dynamique Offer (1) 2

3 wanting to subscribe to this offer will have the opportunity to increase the injection capacity to 250 kwh/d by choosing the Super Dynamique + Offer. Duo Dynamique Offer (1) Paired offer, comprising 1 Super Dynamique Offer bundle or Super Dynamique + Offer and 4 Dynamique Offer bundles. Separated offer (1) The physical characteristics of the products comprising this offer are described in Appendix B of the General Terms and Conditions of the storage contract available on the TIGF company website Allocation priorities In view of the characteristics of the storage offers that TIGF provides, and in accordance with the provisions of articles R421-1, R421-3 and R of the Energy Code, the following priorities are established for the sale of capacities through rights (all these capacities are returnable): 1. Daily balancing requirements of the transport grid in the TIGF zone. 2. Native rights associated with the supply to end consumers connected to distribution grids or directly to the transport grid in the TIGF zone. These rights shall be exercised exclusively in "Dynamique Offer. 3. Report rights that meet capacity requirements resulting from Long-Term natural gas transport contracts entered into before 1 July These rights shall be exercised in "Equilibre Offer with a limit of 9.2 TWh. 4. Report rights, for all suppliers, which on a national level abundantly meet various requirements identified in article R421-3 of the Energy Code. These rights shall be exercised depending on the offers that are derived from capacities in excess of TIGF's rights envelope and which are intended to cover storage right requirements associated with the supply to end consumers in the GRTGaz zones, in accordance with the provisions of article 2 of the Arrêté. The excess capacities offered by TIGF which are not sold through rights are sold in accordance with the principles of transparency and non-discrimination within the established time periods and in quantities that are compatible with covering the native rights envelope offered in Dynamique Offer and with covering storage obligations, in accordance with article R of the Energy Code. 2. Provisions for allocating capacities The rights defined in the Arrêté are given as volume capacity rights and withdrawal capacity rights. Since the Storage Units sold by TIGF cannot precisely coincide with these two sets of data at the same time, the number of Storage Units corresponding with the exercise of rights is therefore the number that satisfies the more demanding of the two characteristics. 3

4 Any supplier wanting to benefit from the provisions of articles 4 and 4bis of the Arrêté should submit a reasoned request for the reservation of storage capacity to TIGF prior to the native rights subscription phase. 2.1 Provisions for allocating capacities through rights General Principles The customer portfolio of each supplier is established and sent by distribution and transport grid operators to TIGF and suppliers by 19 January 2017 at the latest for the first allocation round. This customer portfolio is established as the sum of the following: total Annual Reference Consumption that the supplier serves as on 1 January; for customers connected to the transport grid, with the portfolio taking into account gains and/or losses of customers, as of 1 April at the latest, such that they clearly result from contractual provisions at the disposal of the transport network operator on 1 January; for customers connected to the distribution grid on 1 January and subject to a T4 or TP tariff (as defined in the applicable usage tariffs for natural gas distribution grids) to access the distribution grid, gains and/or losses of customers, as of 1 April at the latest, such that they result from supplier requests recorded by distribution network operators and/or local distribution companies on 1 January Transfers of rights In accordance with article R421-8 of the Energy Code, a supplier may transfer to his own supplier the storage rights of each of his customers. Any supplier that wishes to apply these provisions from the first allocation round must, by no later than 23 January 2017, transfer: to each transferee, the volume and peak rights transferred by weather station and by distribution network; to TIGF, the data above, the Annual Reference Consumption by weather station, the connection CAD for customers connected to the distribution grid and the list of PICs transferred for customers connected to the transport grid. Each supplier knows the exact amount of his storage rights in the consumption zone of each transport network operator by no later than the end of rights transfer phase. 4

5 2.2 Requests for capacity subscriptions through storage rights First round of rights allocation via public auction TIGF is authorized to sell capacities through storage rights before 31 January 2017, the date of the first allocation round described in 2.2.2, via public auction. Practical arrangements for this auction will be published on the TIGF company website no later than the day before the auction First round of rights allocation via sale desk On 31 January 2017, each supplier that wants to take part in the first round of rights allocation must make the following requests to TIGF (see the form in the appendix): 1 For shippers that have native rights in the TIGF zone 1.1 A request for capacities in Dynamique Offer through native rights in the TIGF zone; 1.2 For shippers that have subscribed 100% of their native rights, a request for capacities through report rights acquired in the GRTGaz zones. 2 For shippers that do not have native rights in the TIGF zone, a request for capacities through report rights is possible. All shippers undertake not to submit a request for report rights above their rights in GRTGaz zones. After 31 January 2017, only those capacities relating to compliance with obligations will be kept, in accordance with article R421-9 of the Energy Code. Any mechanism that would guarantee allocations in proportion to the value of native rights in the TIGF zone that may have been commercially implemented will no longer be available. If subscription requests through report rights exceed the capacities available (minus capacities guaranteed through native rights in the TIGF zone), capacities shall be allocated on a pro rata basis, with priority given to requests from suppliers who have exercised 100% of their native rights in the TIGF zone. 2.3 Provisions for allocating capacities after 31 January 2017 After the first round of rights allocation on 31 January 2017, available capacities shall be published on the TIGF company website distinguishing between the capacities available through rights and those available through excess capacities which, in accordance with article R of the Energy Code, are offered every year on a non-returnable and guaranteed basis for defined durations. Unless otherwise stated by TIGF, the capacities in each offer are accessible on a "first come first served" basis. 5

6 2.4 Qualification of capacities Capacities sold up to 31 January 2017 shall be considered acquired through rights. Rights attributed beyond native rights shall be considered acquired through report rights. Capacities sold through rights are returnable as necessary. Returnable capacities through native rights = Difference (if positive) between: o "Dynamique Offer capacities acquired through native rights And o Native storage rights in the TIGF zone derived from the allocation round Returnable capacities through report rights = Difference (if positive) between: o Capacities acquired through report rights And o Storage rights in the GRTGaz zones derived from the allocation round All suppliers that have returnable capacities are informed that these capacities may be reallocated to a supplier whose higher priority rights may not have been satisfied. 3. Retrocession of Storage Units in the event of contractual congestion 3.1 Preliminary conditions TIGF may reallocate "Dynamique Offer Storage Units, wholly or in part, subscribed by the Customer if the following conditions are met: (i) TIGF could not satisfy at least one request concerning the exercise of native rights (ii) the Customer has returnable capacities, as defined in article Principles of capacity allocation/retrocession on 1 April Customer requests enable TIGF to identify returnable capacities on 1 April. TIGF may ask a customer to return capacities acquired beyond native rights in order to satisfy the native rights up until 1 March. After this date and until 31 October, TIGF may ask a customer to return capacities acquired beyond native rights in order to allow another customer to meet his storage obligations. These retrocessions are carried out in accordance with article R421-6 of the Energy Code. 6

7 3.3 Principles of capacity allocation/retrocession on 1 July/1 November In the event that a customer's storage rights increase, and within the limit of the difference (if positive) between this increase and the same customer's capacities acquired through native rights in the TIGF zone over the current gas year, the customer may submit a new capacity reservation request, no later than 22 May 2017 (or 25 September 2017 respectively) for allocation on 1 July 2017 (or 1 November 2017 respectively), in accordance with article R421-9 of the Energy Code. TIGF may fill the missing capacities through reallocation of returnable capacities according to the following principle: in the first stage, missing capacities shall be covered using the capacities of shippers who recorded a decrease in their rights, within the limit of variation of their rights in relation to previous rounds; in the second stage, if any requests remain unsatisfied, they shall be met through retrocession of returnable capacities, in proportion to all the returnable capacities still held by shippers at the end of the first stage. 7

8 3.4 Schedules and information flows relating to the storage rights allocation The deadlines are the latest dates by which the stages must have been completed. For subscription requests for 1 April: Deadline Who To whom What Thursday 19/01/2017 Friday 20/01/2017 Tuesday 31/01/2017 (*) by 10 a.m. at the latest Tuesday 31/01/2017 (*) by 6 p.m. at the latest Distribution network operators to their own suppliers TIGF Total Annual Reference Consumption by profile at 01/04 Transfer of rights Requests for capacity subscriptions through rights TIGF Confirmation of capacity allocations Tuesday 28/02/2017 TIGF Contracts For subscription requests for 1 July: Deadline Who To whom What Friday 12/05/2017 Tuesday 16/05/2017 Monday 22/05/2017 by 10 a.m. at the latest Monday 22/05/2017 by 6 p.m. at the latest Distribution network operators to their own suppliers TIGF Total Annual Reference Consumption by profile at 01/07 Transfer of rights Requests for capacity subscriptions through native rights TIGF Confirmation of capacity allocations Wednesday 31/05/2017 TIGF Contracts For subscription requests for 1 November: Deadline Who To whom What Friday 15/09/2017 Tuesday 19/09/2017 Monday 25/09/2017 by 10 a.m. at the latest Monday 25/09/2017 by 6 p.m. at the latest Distribution network operators to their own suppliers TIGF Total Annual Reference Consumption by profile at 01/11 Transfer of rights Requests for capacity subscriptions through native rights TIGF Confirmation of capacity allocations Friday 29/09/2017 TIGF Contracts 8

9 ALLOCATION THROUGH SALE DESK REQUEST FORM FOR STORAGE CAPACITIES SUBSCRIPTION THROUGH RIGHTS Requester name:.. 1. REQUEST FOR STORAGE CAPACITY SUBSCRIPTION THROUGH NATIVE RIGHTS IN THE TIGF ZONE 1.1 Native Rights Request - 1 year duration: Dynamique Offer Native rights (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) 1.2 Native Rights Request - 2 year duration: Dynamique Offer Native rights (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) 1.3 Native Rights Request - 3 year duration: Dynamique Offer Native rights (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) 9

10 2. REQUEST FOR A STORAGE CAPACITY SUBSCRIPTION THROUGH REPORT RIGHTS Equilibre Offer (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) Dynamique Offer (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) Super Dynamique Offer (*): Withdrawal = ( x Unit withdrawal capacity x Evolution Factor at 45% of working gas volume) Separated Offer Name and position of company's representative: Date: Signature and stamp: 10