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Presentation transcript:

Place your chosen image here. The four corners must just cover the arrow tips. For covers, the three pictures should be the same size and in a straight line. Cross Border Balancing Update NGET and RTE

2 Overview  CBB went live on 1 st December 2010  Successfully providing both TSOs with cross border balancing solutions  Delivering benefits to energy consumers in both markets  Key Aspects:  10 upward prices and 10 downward prices exchanged for every hour by RTE and NGET  Total availability of 500MW where capacity allows  Uses spare capacity once final profile known  Activation of offers and bids close to real-time

3 Overview of CBB trades

4 Accepted Offer Volumes and Average Prices

5 Accepted Bid Volumes and Average Prices

6 Evaluation of impacts on French market of CBB trades

7 Assessment of CBB Arrangements  System Operator to System Operator trades predominately in direction France to England  The strong correlation between trading volumes and prices on each time period shows that the system actually contributes to enhance Balancing Services procurement in respective areas  Impacts of CBB trades are globally positive for French Balancing Responsible Parties  Post-event analysis in GB shows that trades have offset more expensive actions, delivering savings to GB consumers