1. France – Spain open season Results Lessons learned

2. France – Spain Open season at a glance 4 TSOs and 2 NRAs 2 phases (2013 : western corridor - 2015 : eastern corridor) 6 different products 18 different development steps 6 levels of price proposed 2

3. - 3 - Results of the 2013 phase Capacities allocated /demand 27 /27 GWh/d 149 / 149 GWh/d 132 / 361 GWh/d Capacities allocated /demand 0 GWh/d 115 / 115 GWh/d 69 / 69 GWh/d Development of an existing interconnexion point : Larrau

4. - 4 - Results of the 2015 phase Capacities allocated /demand 0 / 200 GWh/d 0 / 13,6 GWh/d Development of an existing interconnexion point : Biriatou A very significant increase in interconnexion capacity (+120 GWh/d) but demand not sufficient to trigger the eastern corridor Capacities allocated /demand 30,4 / 30,4 GWh/d 40,8 / 40,8 GWh/d 44,8 / 71,6 GWh/d

5. - 5 - Lessons learned South GRI proved to be an efficient platform to coordinate the project Strong variation of demand between the two phases Reluctance to commit long term in the second phase Coordinated routes add significant complexity Competing products sold simultaneously Importance of tariff visibility