European Market Model Implementation CIM Users Group Spring Meeting Praha, Czech Republic
European Regulation – 3 rd Package : The Agency for the Cooperation of the Energy Regulators (ACER) started its operation. Two entities have been created within the European Network of Transmission System Operators : ENTSO-E for Electricity ENTSO-G for Gas 14 March 2016 | Page 2
European Regulation – ACER As concerns electricity market, ACER is responsible for: developing the Framework Guidelines for Network Codes, according to the priorities set by the European Commission; verifying that the Network Codes developed by the ENTSO-E on the basis of the Framework Guidelines are consistent with such Guidelines; providing opinions on the EU-wide Ten-Year Network Development Plans and the national network development plans, and on their suitability to promote the Internal Energy Market; deciding on cross-border capacity allocation and congestion management; monitoring the development of the Internal Energy Market. 14 March 2016 | Page 3
European Regulation – ACER the Internal Energy Market (IEM) target for implementation: March 2016 | Page 4
European Principles for electricity markets Regulated Third Party Access: In order to have effective competition the Transmission System Operators have to allow any electricity supplier non-discriminatory access to the transmission network to supply customers; the conditions of access to the transmission network are regulated by regulatory authority. 14 March 2016 | Page 5
European Principles for electricity markets Grid access tariff: Consumption/Generation is charged at the access point (no link with the electricity path). Inter TSO Compensation: Mechanism to compensate TSO for the use of its network induced by inter TSO transit. 14 March 2016 | Page 6
Target for the IEM Over The Counter (OTC) or bilateral trades from long term down to intraday. Long Term: Transmission Capacity Auctions based on Physical Transmission Rights (PTR) and Use It or Sell It (UIOSI) – Financial Transmission Rights (FTR) are being dicussed. Day Ahead: Implicit Auctions, i.e. Market Coupling or Market Splitting. Balancing mechanism Intraday: Continuous trading Balancing mechanism 14 March 2016 | Page 7
IEC CIM Market Extensions Work is going on: Part 450: “Profile and Context Modelling Rules” submitted in February 2011 as CD Part 301: “Common Information Model” submitted in May 2011 as CD Part 351 “European Style market profile” to be submitted as CD in June 2011 Part “Acknowledgment Process” to be submitted as CD in September IOP Test scheduled mid 2012 together with the ENTSO-E Profile for Network Steady State. 14 March 2016 | Page 8
IEC CIM Market Extensions Part 301: “Common Information Model”: Three main packages: MarketCommon MarketManagement MarketOperations 14 March 2016 | Page 9
IEC MarketManagement Package 14 March 2016 | Page 10
IEC March 2016 | Page 11
IEC CIM Market Extensions 14 March 2016 | Page 12
IEC CIM Market Extensions 14 March 2016 | Page 13
IEC CIM Market Extensions 14 March 2016 | Page 14