1. 1 TITRE Identifying priorities for GRI NW and setting agenda for 2014-2017 Menno van Liere Programme Officer GRI NW 11 th Stakeholder Group meeting GRI NW

2. NRAs within GRI NW have recently launched a project to identify priorities and set regional agenda for 2014 to 2017 2 Work plan identifies three priorities: Pillar I Monitoring implementation of network codes Pillar II Pre-comitology meetings on a regional level Pillar III Pro active work (including pilot projects) Out of scope for project  GRI NW European Energy Work Plan 2011 – 2014 is starting point

3. GRI NW must (given work load on European level) identify where region can contribute the most to create regional market Envisioned approach  Identify projects that: a) contribute to improve functioning of wholesale markets at regional level b) Stakeholders want to commit to  How can functioning of wholesale markets at regional level be improved  Which identified issues can best be addressed by GRI NW  What projects should have priority for GRI NW in period 2014 – 2017 Goal of project  Agenda must set clear path (in terms of projects) for upcoming years

4. The aim is to present the final regional agenda during the next Madrid Forum (April 2014) 4 NRA analysis OctNovJanFebMar Apr Drafting of regional agenda Launch of consultation Final publication Closing of consultation Invitation to stakeholders for input  Following consultation process, final agenda will be set

5. Working directions: Where to start? Problem identification: What are the relevant issues?  Lack of market liquidity  Lack of market transparency  Congestion in cross-border flows  Integration of renewables  Source diversification  Infrastructure development (PCIs)  Market integrity and transparency  Gas target model  Early CAM implementation  Network code “Trials”  ACER Market monitoring report was starting point for questionnaire NRAs within GRI NW have completed a questionnaire to get an initial list of issues that might qualify for further attention

6.  Quality of gas  Lack of liquidity on forward markets  Lack of market transparency: infrastructure (availability, flows)  Lack of market transparency: hub (price signals, price formation)  Lack of liquidity on spot markets  Physical & contractual congestion on CB-flows (NCs)  Integration renewables in system (biogas, power-to-gas)  Source diversification (in relating to LNG, pipelines) doesn’t need the attention of GRI NW NRAs within GRI NW have drafted an initial long list of relevant issues that could be addressed  There is not really one single issue that was flagged by many NRAs

7. Working directions that should get top priority by GRI NW  NC ‘trials’: tariffs  GTM: Study into zone merging Working directions that should get priority by GRI NW  NC ‘trials’: CMP, Balancing, Interoperability  Infrastructure development (PCIs): infrastructure and storage  GTM: renewables integration and pilot for implicit allocation  Early CAM implementation: day ahead/within day capacity  Early CAM implementation: forward capacity  REMIT: best practice /common approach NRAs within GRI NW have also have drafted an initial long list with working directions that the region could pursue

8. Several interviews will be conducted shortly and other GRIs will be contacted to understand their work plan  Any input, suggestions/ ideas within the next couple of weeks are welcomed! Requiring input from stakeholders Interaction with other GRIs to understand their workstream Based on all input collected: drafting of a regional agenda

9. Pre-comitology meetings should create early understanding of FGLs/NCs to ensure efficient comitology process 9  Next meeting on 27 November (focus on tariffs, interoperability, rules for trading) NRAs explain principles in the Framework Guidelines; TSOs explain design choices in the network codes European Commission – if applicable – explain ratio of guidelines (e.g. CMP) … and should result in more efficiënt comitology process …leads to better understanding towards positions on FGLs/ NCs… An open dialogue between MS, TSOs, NRAs, EC…

10. NRAs within GRI NW have published the final position paper on the feasibility of implicit allocation in the gas market 10  Several changes introduced in position paper following consultation responses Response B EoC document Response A Response C Position paper Final conclusion: implicit allocation can have added value, but assess feasibility once CAM and CMP are up and running Documents are published on the GRI NW part of the ACER website

11. Thank you for your attention Thank you for your attention! www.acer.europa.eu 11