Market Council Meeting at Gaspoint Nordic Introduction to the German control energy target model. Stefan Müller-Reinisch Copenhagen, 06th March 2014

Transcription

1 Market Council Meeting at Gaspoint Nordic Introduction to the German control energy target model Stefan Müller-Reinisch Copenhagen, 06th March 2014

2 Agenda 1. Introduction to GASPOOL 2. Control-energy 3. Former control-energy products (GASPOOL) 4. Target model control energy (standardization of control energy products) 5. Summary

3 Market area GASPOOL Connects Poland, the Czech Republic, Denmark, the Netherlands, Belgium, and more than 300 networks in Germany, and Consequently creates a trading place for more than half of the H- gas consumed in Germany.

4 GASPOOL profile Corporate name Registered office Management Foundation Employees GASPOOL Balancing Services GmbH Reinhardtstraße 52, Berlin Stefan Müller-Reinisch 1 Oct Shareholders Nowega (previously Erdgas Münster Transport) Gastransport Nord GmbH (previously EWE Netz) Gasunie Deutschland ONTRAS Gastransport GASCADE Gastransport (previously WINGAS TRANSPORT)

5 The new GASPOOL market area Cooperation partners since 1 Dec Jordgas (DONG Energy Pipelines) Nowega (Erdgas Münster Transport) Gastransport Nord (EWE Netz) Gasunie Deutschland ONTRAS Gastransport GASCADE (WINGAS TRANSPORT) 5

6 GASPOOL key data Market area GASPOOL VTP GASPOOL hub Market partners (As at: 1 Jan. 2014) 397 balancing group managers 388 network operators Balancing groups (As at: 1 Dec. 2011) 1012 balancing groups of these 793 natural gas balancing groups of these 126 natural biogas balancing groups of these 93 control energy balancing groups of these 504 H-gas balancing groups of these 289 L-gas balancing groups

7 Key tasks GASPOOL VTP operation Balancing group management Network account management Data transmission Online portal Publications Balancing group billing Additional/shortfall quantities billing Control energy management including conversion Cooperation partners Capacity management (marketing, contract management, dispatching, billing, publications, etc.)

8 Agenda 1. Introduction to GASPOOL 2. Control-energy 3. Former control-energy products (GASPOOL) 4. Target model control energy (standardization of control energy products) 5. Summary

9 control-energy Employment of gas to ensure security of supply (GasNZV) CE CE Entry Exit Entry Exit Entry Exit surplus neutral shortfall

10 Comparison control energy over 5 GY CE-Use H-Gas (netted) (MWh) 0 09/10 10/11 11/12 12/13 13/ CE-Use L-Gas (netted) (MWh) 0 09/10 10/11 11/12 12/13 13/14 10

11 Agenda 1. Introduction to GASPOOL 2. Control-energy 3. Former control-energy products (GASPOOL) 4. Target model control energy (standardization of control energy products) 5. Summary

12 Commodity Possible start date Direction Lot size Day-Ahead until 10 am = D+1 gasday, after 10 am = D+2 gasdays Purchase or sale 30 MW or a multiple thereof Long-Term until 10 am= D+2 gasdays, after 10 am = D+3 gasdays Quantity Pricing Transferstation 24h-band / MWh GASPOOL-HUB or network area Pricing Fixed price Fixed price or respective quotation of GASPOOL Spot Market Daily Reference Price at EEX of the preprecedent day of the delivery day D1) +/- absolute value in /MWh* Adjustments Call-off until 10 am (preceding day) adjustments of price/quantity/availability possible until 12 am (preceding day) by GASPOOL for the avoidance of doubt: For delivery day D the Daily Reference Price for the Delivery Day D-2 applies*

13 Flexibility Direction Lot size Increment for use Earliest possible start date Possible end date Minimum term Maximum term Pricing Price adjustment Transfer station Call-off period Binding nature Price basis "Parking" and "Lending" (only both, not alternatively!) 30 MW or multiple 1 kwh On entry day d = d + 10 working days In each case at the end of a quarter 3 months 24 months a) Energy price in ( /MWh)/h (hourly settlement; i.e. the respective balance of the gas account will be multiplied with agreed price for each and every hour) b) As appropriate, capacity charge in per contract After conclusion of the contract no adjustments admitted Physical (at specific Entry- and / or Exit-Points) None, as direct access Interruptible product (interruptible at any time); firm product (obligation to hold available agreed performance at any time) Fixed price

14 Agenda 1. Introduction to GASPOOL 2. Control-energy 3. Former control-energy products (GASPOOL) 4. Target model control energy (standardization of control energy products) 5. Summary

15 Target model and definition CE products Basis Framework Guidelines Balancing (ACER, 18 Oct. 2011) Balancing Network Code (ENTSOG, latest draft) Underlying idea: Meeting balancing needs to the maximum extent with standardized (short-term) wholesale products Time schedule: Kick off workshop (start consultation) (deadline consultation) October 2012 (disclosure of final target model) Implementation of target model by 1 st Oct. 2013

16 actual state vs. target state actual state target state Products: Commodity (CEPo + Exchange) Flexibility (Parking + Lending) Scope: Security of supply Cost-efficient procurement Products: Standardized short-term products Standardized long-term products Non-standardized long-term products M O L Scope: Security of supply Maximization of standardized (short-term) wholesale products (Exchange)

17 Categories Standardized shortterm products Platform: Exchange (GASPOOL) Exchange (NCG/TTF) Bilateral platform Term: Day Ahead Rest of the day Standardized longterm products Platform: Bilateral platform Details: Tender Physical zone/ network point Term: Day Ahead Rest of the day Non-standardized long-term products Platform : Bilaterale Plattform Details: Tender e.g. parking and lending Physical zone/ network point Direct access Term: Withinday

18 Merit Order 1 Title Market Transactions Within own market area via energy exchange 2 Locational Market 3 Transactions Own market area via bilateral platform Own market area via energy exchange (physical fulfilment) adjacent market area via energy exchange Standardized long-term Products Within own market area via bilateral platform 4 Non- standardized long-term products Within own market area via bilateral platform

19 Standardized short-term products (CEPo) Feature Actual (DAY AHEAD) New (DAY AHEAD) New (REST OF THE DAY) Type of offer Independent of network area, Specific network area GASPOOL-H / GASPOOL-L, Specific network area GASPOOL-H / GASPOOL-L, Specific network area Lot size Min. 30 MW Min. 10 MW Min. 10 MW Bid submission (CE-Supplier) Call-off (GASPOOL) until 10 am (D-1) at any time at any time until 12 am (D-1) at any time at any time Adjustments (CE-Supplier) until 10 am (D-1) at any time but no later than 1 h prior to call off by GASPOOL (available non available) Nomination Mutual nomination Single-Sided nomination by GASPOOL Call lead time 18 h Min. 3 h prior to physical delivery at any time but no later than 1 h prior to call off by GASPOOL (available non available) Single-Sided nomination by GASPOOL Min. 3 h prior to physical delivery

20 Standardized long-term products (CEPo) Feature CE-Product Lot size Delivery Point Term Delivery Period Nomination Lead time Pricing Contract duration Bid submission NEW (Long Term Options) Long Term Option (Put / Call) Min. 10 MW Specific network area Day Ahead and Rest of the day 1 h 24 h Single-sided nomination by GASPOOL Min. 3 h prior to physical delivery Option premiun in /MW + Fixed Commodityprice in /MW Month/Quarter According to tender specification

21 Flexibilty Flexibility (Lending and Parking) As of MOL 4 Gas account reduction / Gas account increase (3h 6h) Hourly performance vs. Working gas volume

22 Agenda 1. Introduction to GASPOOL 2. Control-energy 3. Former control-energy products (GASPOOL) 4. Target model control energy (standardization of control energy products) 5. Summary

23 Summary Former CE-Products (Commodtity + Flexibility) Target Model Control Energy (since ) Strict MOL Focus on standardized short term wholesale products (Exchange) Orderbooks for specific gas quality (EEX) Bilateral portal: besides Day Ahead in future Rest of the Day Long Term Option

24 Thank you for your attention!

25 Your contact Stefan Müller-Reinisch GASPOOL Balancing Services GmbH Reinhardtstraße Berlin Tel: Fax: