LTSEC Auction Timetable

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Presentation transcript:

LTSEC Auction Timetable Dave Adlam 2nd February

Current LTSEC Auction Timetable Invitation issued 28 days prior to first annual invitation date LTSEC Auction is completed between 01st September and 30th September Allocations confirmed to Users 2 months after last annual invitation date. Original Timetable established because Avoidance of peak holiday months (July / August) Sufficient period between AMSEC and LTSEC auctions

Reasons for potential change Investment lead time From November 3 year lead time allows investment from January onwards (IECR allows investment in less than 3 years) Earlier auction would allow:- Three year lead time for investment for the whole of the winter period Would allow greater lead time for investment in the peak January – March period Better fit with investment planning process

Proposal LTSEC Auction to be completed between 01st June and 30th June. Aligns with TBE process (published in May) Avoids peak holiday months Transition for 1st year If approved LTSEC auction would run as soon as practical Proposal would better facilitate the efficient and economic operation of the pipeline system Any views?