1. Gas SO Incentives Rollover
Attendees:
Phil Hobbins
6 October 2011

2. Gas SO Incentive Rollover
Five of the existing Gas System Operator Incentive Schemes are due to expire in March 2012
We consulted this summer on the principles
Ofgem are hosting a workshop to discuss their initial views for the incentive proposals on 12th October after the Gas Operations Forum
Details are in Ofgem’s open letter on rollover incentive review process:
If you would like to attend please contact

3. Current scheme expires
Useful information
National Grid Gas System Operator Incentive Info
Talk to us:
Scheme
Current scheme length
Current scheme expires
Purpose of incentive
NTS Shrinkage
3 years
31 March 2012
Minimise cost of purchasing gas & electricity for shrinkage
Unaccounted for Gas
Reduce volumes of unaccounted for gas
Residual Gas Balancing
2 years
Minimising daily change in linepack to promote cost targeting whilst minimising the impact of its trades on the market
Demand Forecasting
Minimise the error in NGG’s demand forecast
Data Publication
Encourage the timeliness and availability of published information