1. European Federation of Energy Traders 1 8th SG meeting ERI South-West Europe 6 th October 2014, Madrid

2. 2 Single nomination of IFE LT Transmission Rights  EFET welcomes the possibility of single nomination of Transmission Rights.  This possibility should be applied in all timeframes.  Any nomination of capacity (to TSOs) should be independent from the energy market transactions (through PXs or OTC).

3. 3 Intraday hybrid model  EFET strongly requests the implementation of ID continuous trading model (IDC) with a direct nomination to the TSOs as soon as possible and this is the preferred model.  Auctions in the ID market must not affect the IDC operation, namely, the allocation of the capacity in the borders and firmness of IDC transactions, and must be voluntary.  EFET also asks the Implementation Group for analyzing a possible transitory solution to move the present Iberian ID model (6 auctions, closing around H-4) closer to Real Time operation.  EFET supports a model with a voluntary Opening Auction to trade the energy linked to the Ancillary Services allocated by the TSOs before starting the IDC.  Any further auction when IDC is already working, should not interrupt the IDC, nor allocate interconnection capacity and must be voluntary.

4. 4 BALIT & TERRE  BALIT has been a relevant improvement in the development of cross-border balancing mechanisms, but still with very few transactions.  EFET suggests a pilot project of a BSP-TSO model (alongside the TSO-TSO model).  TERRE project has to define the new balancing products according to the BC Network Code: Replacement Reserve Manual Frequency Restoration Reserve  Greater degree of stakeholder involvement needed

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