1. EFET PG Information Ofgem GRI transparency workshop March 2009 European Federation of Energy Traders 1 Brussels, March 2009 Cemil Altin Transparency: Minimum requirements

2. Brussels March 2009 2 Background  Users’ minimum requirements are baseline from which deliverables for GRI-NW transparency workstream were scoped  TSOs made good progress on phase 1 deliverables - remaining items should be delivered without delay  Phase 1 worked because:  Users clearly specified their requirements and were flexible  TSOs showed willingness to deliver  Regulators took steps to facilitate implementation  Similar approach is needed in phase 2 to build on success

3. Brussels March 2009 3 EFET phase 2 proposal  EFET initial proposal for phase 2 (October 2008) – seamless follow up to phase 1  2 broad possible workstreams:  Expanding scope information at existing cross-border points (consistent with minimum requirements): –Flows & balancing information (including demand forecasts) – first priority –TSO balancing actions, linepack and gas quality – second priority  Improving frequency and consistency of information provision

4. Brussels March 2009 4 TSOs’ initial response  Some items already being delivered by number of TSOs – e.g. imbalance volumes & charges, gas quality  BUT in number of areas TSOs do not meet the minimum requirements or suggested deliverables for phase 2 – e.g:  Demand forecasts  Physical flows  Linepack  Notification of restoration of flows following interruption  etc

5. Brussels March 2009 5 Identifying a way forward  Need to understand if TSOs have difficulties with minimum requirements & suggested deliverables for phase 2  If concerns are justified then onus on TSOs to offer way forward  Need to identify deliverables consistent with minimum requirements that provide most benefits to users now

6. Brussels March 2009 6 Next steps  EFET ready to work with TSOs to agree set of deliverables & timetable for phase 2:  EFET can identify areas which provide most benefit now  TSOs to respond with plan for delivering  Regulators to consider best way of ensuring agreed deliverables are implemented

7. Brussels March 2009 7 European Federation of Energy Traders Amstelveenseweg 998 1081 JS Amsterdam Tel: +31 (0)20 5207970 Email: secretariat@efet.orgsecretariat@efet.org www.efet.org