Transcript Intraday Model

European thinking on intraday
target model
IG FUI, Brussels, 21st of May
The PCG
• The XVth Florence Forum invited ERGEG to establish a
Project Coordination Group of experts, with the tasks of
developing a practical and achievable model to harmonise
interregional and then EU-wide coordinated congestion
management, and of proposing a roadmap with concrete
measures and a detailed timeframe, taking into account
progress achieved in the ERGEG ERI.
• A workstream on intraday timeframe was created to follow
this objective.
• The conclusions of the PCG were presented at the XVIIth
Florence Forum.
The PCG target model
for intraday (1/3)
• Target model for Inter-Regional Cross-Border capacity
allocation in the intraday (ID) timeframe is implicit
continuous allocation (continuous trading)
• Where appropriate, specific National/Regional ID trading
solutions may be developed
• A specific National/Regional ID trading solution is not
obligatory. Inter-Regional Target Model mechanism can be
used as the National/Regional solution
• Any specific National/Regional ID trading solution must be
compatible with the Inter-Regional Target Model
The PCG target model
for intraday (2/3)
The PCG target model
for intraday (3/3)
• Target Model must allow block bids
• Users will therefore be able to execute through the platform deals
which would otherwise be concluded on a bilateral basis
• When significant additional capacity becomes available
this capacity should be allocated using a market based
mechanism
• The definition of significant additional capacity will have to be
developed
• There are several possible market based mechanisms to allocate
significant additional capacity (e.g. auctions)
The PCG roadmap
The Ad Hoc Advisory
Group (AHAG)
• The Forum supported ERGEG’s proposal to continue the
PCG work through an Ad Hoc Advisory Group (AHAG) of
all stakeholders. This group is assisting ERGEG in
overseeing the work and solving issues which might hinder
progress.
• An implementation project was launched, chaired by ENTSOE to develop the target model for intraday trade as well as
means for its implementation where appropriate.
• This project provides input to ERGEG’s work on the
framework guidelines for capacity allocation and congestion
management.
The AHAG target model
• The implementation group confirmed the target model and is
now trying to identify the best solutions to the open
questions.
• For instance, in line with the day-ahead governance group,
the ID group would advocate to follow a two-tier approach:
• Legislative tier: legally binding guidelines and network codes
(principles),
• Operational tier: contractual agreements between TSOs & PXs (?)
• ENTSO-E proposed a pilot project covering CWE – NE – UK
(NWE), EuroPEX would also be involved. Nonetheless,
interactions with ongoing projects need to be carefully
considered.
Thank you for your attention!
www.energy-regulators.eu
Meeting, location, date
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