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Trans European Replacement Reserve Exchange

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Presentation on theme: "Trans European Replacement Reserve Exchange"— Presentation transcript:

1 Trans European Replacement Reserve Exchange
SPOC meeting: Trans European Replacement Reserve Exchange Amine Abada (RTE) 07th Nov 2013

2 Plan of the Design Phase Preparation of the future phases
Agenda Context Project - Design Status of the project Working axes Plan of the Design Phase Preparation of the future phases

3 Context

4 TSOs = 80% of TSOs using RR REN NGET TERNA RTE REE

5 Context The Design of TERRE solution will be compliant with the
5 Context The Design of TERRE solution will be compliant with the requirements of: The FW guidelines on Electricity Balancing The NC on Electricity Balancing Centralised and automatic management of XB capacity Offer based on “cheapest” internal bids Improved matching process… The TERRE solution will enhance the experience of current Balit solution used between NG and RTE being extended to the SWE region by the beginning of 2014 The TERRE project will use as an input the previous work of REN, REE and RTE on enduring solution for the exchange of balancing energy between TSOs

6 Context Overview of Balit SO-SO exchanges Dec 2011 to August 2012
6 Context Overview of Balit SO-SO exchanges Dec 2011 to August 2012 Total volume activated during this period = 205GWh

7 Project-Design

8 8 Status of the project MoU and NDA which cover the design phase In signature process Working axes defined and shared between TSOs…

9 9 Working axes 1 Definition of the standard TERRE products RR offer RR need 2 Definition of matching process and settlement procedure TSOs RR needs Netting «FCFS» or «Algorithmic optimization» Marginal price or Pay as bid 3 Financial issues Definition of Financial settlement between the TSOs Study of the potential financial benefit

10 Working axes Timing and scheduling ATC management
10 Working axes 4 Timing and scheduling 5 ATC management Centralized ATC management Interaction between the Intra-day market and the TERRE process 6 Governance issues Preparation of the NRAs approval process Preparation of the Implementation Phase

11 High level plan of the Design Phase
11 11 High level plan of the Design Phase TERRE - Design 2013 2014 October November December January February March April May June Axes TERRE products Matching process Financial issues Timing and scheduling End of the design phase ATC management Governance Future steps : Expected plan Implementation : May 2014  April 2015 Deployment : From May 2015 Extension: 2016 Compliant with FW EB timelines

12 Preparation of the future phases
12 Preparation of the future phases High level Business Process and the result of the TERRE solution design March 2014 Functional and Non-Functional specifications April 2014 Detailed project implementation plan Drafting of NDA agreement of implementation phase (to be confirmed) May 2014 Drafting of Cooperation agreement of implementation phase Drafting of PMO procuring process for implementation phase Launching of regulatory approval  June 2014

13 Thank you…


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