Transcript 20131213_IssuesToBeAgree_ENAGAS_REN_TIGF_vFinal
Enagás, REN and TIGF
Issues to be discussed
25
th
IG meeting 13
th
December 2013
Index
1.
2.
3.
4.
5.
6.
7.
8.
9.
Specific calendar of auctions.
Definition of large and small price steps for each type of product.
Transfer of existing contracts to the VIP Capacity to be offered Financial guarantees. Contracts: standard and annexes/standard after the auction. Secondary market: when and where trades will take place, public information. Stakeholders information EIC and transfer to affiliates 2
1. Auction calendar
• • Since the binding application of the CAM NC, the auction calendar will be determined by ENTSOG Until that date, TSOs will follow PRISMA’s auction calendar
AUCTIONS CALENDAR FOR 2014 Annual yearly capacity auctions Annual quarterly capacity auctions Rolling monthly capacity auctions
03/03/2014 02/06/2014
SEPTEMBER
15/09/2014
OCTOBER
20/10/2014
NOVEMBER
17/11/2014
DECEMBER
15/12/2014 3
2. Definition of price steps
• Large price steps: • Rules in other IPs in Europe according to NRAs: • Yearly auctions: large price step = 10 ct/kWh/h/Runtime, small price step = 2 ct/kWh/h/Runtime • Quarterly auctions: large price step = 2.5 ct/kWh/h/Runtime, small price step = 0.5 ct/kWh/h/Runtime • Monthly auctions: large price step = 1 ct/kWh/h/Runtime, small price step = 0.2 ct/kWh/h/Runtime • To be discussed • Small prices steps: … • PRISMA booking platform sets, as a default rule, that small price steps are 20% of the large price steps. In principle, TSOs will follow this default rule for all products (yearly, quarterly and monthly) 4
3. Transfer of existing contracts to the VIP
• At the Spanish-French border, Enagás and TIGF agree to transfer existing contracts at physical IPs to VIP. This will imply that as from October 2014 for commercial and operational purposes the physical IPs will no longer exits.
This will not imply that existing contracts have to be bundled.
ENAGAS
YES
TIGF
YES
Decision required NO
• At the Spanish-Portuguese border, Enagás will also transfer existing contracts at physical IPs to VIP without bundling existing contracts.
• REN will only transfer contracts from physical IPs to the VIP as from October 2014 as long as all unbundled capacity at the IPs is contracted by the same shipper on both sides.
ENAGAS
YES without changing the conditions in the contracts
REN
YES , but only if existing unbundled capacity is fully contracted
Decision required YES
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4. Capacity to be offered PENDING ON SEVERAL DECISSIONS DESCRIBED IN THE NEXT SLIDES
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4. Firm and interruptible capacity
Capacity Opinion on how to offer capacity
SIDE 1 SIDE 2
Firm Firm Firm
Interruptible Interruptible Interruptible
REN
Bundled Bundled Bundled
ENAGAS
Bundled
TIGF
Bundled Unbundled Unbundled Unbundled Unbundled
Decision required NO YES YES
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4. Bundled and unbundled products
• At the Spanish-French border, Enagás and TIGF capacity (bundled and unbundled) at the VIP.
will offered all the available • At the Spanish-Portuguese border, Enagás and REN will offere all the available capacity (bundled and unbundled) at the VIP, whereby REN considers that the following conditions should be met: • for the existing unbundled capacity at both IPs, comercial mismatching must be eliminated by contracting the same capacity at both sides of the border by the same shipper; • if available, unbundled capacity at the VIP shall be only due to mismatch of technical capacity as offered by both TSOs.
Where capacity will be offered
Bundled capacity Unbundled capacity
REN
VIP VIP, but …
ENAGAS
VIP VIP
TIGF
VIP VIP
Decision required NO YES
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4. Capacity between Spain and France (2014) SPAIN
FRANCE (bundled capacity)
MWh/d
Capacity offered 2014 19.501 2015 19.501 2016 24.201 2017 24.201 Firm annual yearly bundled capacity auctions - VIP 2018 24.201 2019 1.701 2020 1.701 2021 1.701 2022 1.701 2023 117.193 2024 131.113 2025 131.113 2026 177.413 2027 177.413 2028 177.413 Firm annual quarterly bundled capacity auction VIP (2014 gas year)
MWh/d
Capacity offered Q4 17.000 Q1 17.000 Q2 17.400 Q3 17.400
FRANCE
SPAIN (bundled capacity)
MWh/d
Capacity offered 2014 1.980 2015 1.980 2016 1.980 Firm annual yearly bundled capacity auctions - VIP 2017 1.980 2018 1.980 2019 2020 2021 2022 2023 54.480 2024 54.480 2025 54.480 2026 128.000 2027 128.000 2028 128.000 Firm annual quarterly bundled capacity auction VIP (2014 gas year)
MWh/d
Capacity offered Q4 16.500 Q1 16.500 Q2 17.500 Q3 17.500
Note that the figures are provided at 0ºC
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4. Capacity between Spain and France (2014) SPAIN
FRANCE (unbundled capacity)
MWh/d
2014 Available unbundled cap FRANCE Available unbundled cap SPAIN 50.371 2015 50.371 2016 50.371 Available firm yearly unbundled capacity - VIP 2017 50.371 2018 50.371 2019 50.371 2020 50.371 2021 50.371 2022 50.371 2023 2024 2025 2026 2027 2028 -
FRANCE
SPAIN (unbundled capacity)
MWh/d
Available unbundled cap FRANCE 2014 Available unbundled cap SPAIN 251 2015 251 Available firm yearly unbundled capacity - VIP 2016 2017 2018 2019 2020 2021 2022 2023 2024 251 251 251 251 251 251 251 73.520 73.520 2025 73.520 2026 4.000 2027 4.000 2028 4.000 -
Note that the figures are provided at 0ºC
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GWh/day
Year
4. Enagas-REN Technical capacities
Badajoz/Campo Maior: Spain
Portugal GWh/day
Year New Infraestructures
Actual capacities
Spain -> Portugal Exit ENAGÁS Entry REN 2013
134 GWh at 76 bar 141 GWh at 76 bar
New Infraestructure Total value Spanish side Firm Interruptible 2014
CS Carregado 134 GWh at 76 bar (*) 141 GWh at 76 bar/ 80 bar (*) When the delivery pressure at the border is 80 bar the maximum physical capacity is 128 GWh
Spain Portugal Comments Enagas Total value Portuguese side Firm Interruptible Comments REN
Current status W: 134 S: 134 at 76 bar W: 134 S: 134 All the capacity is firm W: 140 S: 135 at 76 bar W: 115 S: 110 W: 25 S: 25 Firm capacity at 76 bar and normal network average pressure.
Interruptible capacity at 80 bar or low network average pressure.
W: Jan, Feb, Mar; Nov, Dec S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
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4. Enagas-REN Technical capacities
Badajoz/Campo Maior: Portugal
Spain GWh/day
Year New Infraestructures
2013
Actual capacities
Portugal -> Spain Exit REN Entry ENAGÁS
W: 35 GWh at 55 bar S: 70 GWh at 55 bar 105 GWh at 55 bar
2014
CS Carregado W: 70 GWh at 55 bar S: 105 GWh at 55 bar 105 GWh at 55 bar GWh/day
Year New Infraestructure Total value Spanish side Firm Interruptible Portugal Spain Comments Enagas Total value Portuguese side Firm Interruptible Comments REN C
Current status W: 105 S: 105 at 55 bar W: 105 S: 105 CS Carregado W: Jan, Feb, Mar; Nov, Dec S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
All the capacity is firm W: 85 S: 105 at 55 bar W: 40 S: 75 at 55 bar W: 125 S: 120 at 55 bar W: 35 S: 55 W: 0 S: 25 W: 70 S: 95 W: 50 S: 50 W: 40 S: 50 W: 55 S: 25 Firm capacity is available through the Carriço UGS withdrawal to cover the CCGT's demand.
Additional interruptible capacity is available with Carriço UGS withdrawal and depending on CCGT's demand.
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GWh/day
Year
4. Enagas-REN Technical capacities
Valença do Minho/Tuy: Spain
Portugal GWh/day
Year New Infraestructures
2013
Actual capacities
Spain -> Portugal Exit ENAGÁS Entry REN
W: 30 GWh at 60 bar S: 42 GWh at 60 bar 40 GWh at 60 bar
2014
CS Carregado W: 30 GWh at 60 bar S: 42 GWh at 60 bar 40 GWh at 60 bar
New Infraestructure Total value Spanish side Firm Interruptible Spain Portugal Comments Enagas Total value Portuguese side Firm Interruptible Comments REN
Current status W: 30 S: 42 at 60 bar W: 30 S: 42 at 60 bar LNG Terminal Musel CS Carregado W: 40 S: 42 at 60 bar W: Jan, Feb, Mar; Nov, Dec S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
W: 30 S: 42 W: 30 S: 42 W: 40 S: 42 Interruptible capacity is available depending on: 1) Minimum production of Mugardos LNG terminal Interruptible capacity is available depending on: 1) CCGT demand on
Spanish
side 2) Minimum production of Mugardos LNG terminal Interruptible capacity is available depending on: 1) Minimum production of Mugardos LNG terminal W: 35 S: 25 at 60 bar W: 25 S: 15 W: 10 S: 10 Interruptible capacity is available at low network average pressure and high NG demand (mainly from the CCGT's demand).
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4. Enagas-REN Technical capacities
Valença do Minho/Tuy: Portugal
Spain
Actual capacities
GWh/day
Year New Infraestructures
Portugal -> Spain Exit REN Entry ENAGÁS 2013
28 GWh at 60 bar 25 GWh at 60 bar GWh/day
Year New Infraestructure Total value Spanish side Firm Interruptible 2014
CS Carregado
Portugal Spain Comments Enagas Total value
31 GWh at 60 bar 25 GWh at 60 bar
Portuguese side Firm Interruptible Comments REN
Current status CS Carregado W: 25 S: 15 at 60 bar W: 25 S: 15 W: 30 S: 15 at 60 bar W: 30 S: 15 All the capacity is firm W: 35 S: 40 at 60 bar W: 25 S: 30 W: 0 S: 10 at 60 bar W: 45 S: 50 at 60 bar W: 0 S: 0 W: 35 S: 40 W: 10 S: 10 W: 0 S: 10 W: 10 S: 10 Firm capacity is available through the Carriço UGS withdrawal to cover the CCGT's demand.
Additional interruptible capacity is available with Carriço UGS withdrawal and depending on CCGT's demand.
W: Jan, Feb, Mar; Nov, Dec S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
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5. Financial guarantees
• • Each TSO will establish its own financial guarantees. There is no need for alignment or decision as regards this point.
Neither Enagás nor TIGF, nor REN will use PRISMA functionality for managing financial guarantees.
• On the Spanish side and on the French side as well on Portuguese side, there will not be any need to establish additional financial guarantees for participating in the auctions.
• Each TSO will require the financial guarantees establish in their national regulation.
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6. Standard contracts (I)
• • • • • TSOs fully agrees that an standard capacity contracts should be signed with each TSO.
ENAGAS
The Standard Contract with Enagas will have to be singed in advance, as a prerequisite to participate in auctions. The Standard Contract will only be signed once during the registration process. This contract will be valid to both concluding bookings and to participate in auctions with Enagás at PRISMA booking platform.
Capacity allocated to a Shipper at PRISMA booking platform will be automatically introduce at the SL-ATR, thus this allocation will be binding for shippers and it will not be necessary to sign any additional document.
Once the shipper has been informed of the allocation of capacities, it will be informed of the financial guarantees associated to the contracted capacity he has to put in place in favour of Enagás. These financial guarantees are detailed in Royal Decree 949/2001.
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6. Standard contracts (II)
•
REN
• In order to be able to participate in auctions Shippers must be registered as licensed shippers in the Portuguese system. The requirements and procedure to get the license are detailed by the DGEG at http://www.dgeg.pt/ • Shippers have to have signed the Transport Contract with REN Gasodutos in order to participate in the auctions.
• Capacity allocated to a Shipper at PRISMA booking platform will be automatically introduced in REN’s Third Party Access Platform (ATR), thus this allocation will be binding for shippers and it will not be necessary to sign any additional document.
• Once the shipper has been informed of the allocation of capacities, it will also be informed of the financial guarantees associated to the contracted capacity he has to put in place in favor of REN. These financial guarantees are detailed in Contrato de Uso da Rede Nacional de Transporte de Gás Natural, wich general terms & conditions are available at
https://www.ign.ren.pt/
• No specific financial guarantees to participate in the auctions will be required.
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6. Standard contracts (III)
•
TIGF
• In order to be able to participate in auctions Shippers must be registered as licensed Shippers in the French system. The requirements and procedure to get the license are detailed by the DGEC at the following link: http://www.developpement-durable.gouv.fr/Liste-des-fournisseurs-autorises.html
• Then, Shippers will have to sign the Transport Contract with TIGF in advance in order to participate to the auctions.
• Capacity allocated to a Shipper at PRISMA booking platform will be automatically introduced in the Transport Contract (Bordereau de Capacités), thus this allocation will be binding for shippers and it will not be necessary to sign any additional document.
• Once the shipper has been informed of the allocation of capacities, it will be informed of the financial guarantees associated to the contracted capacity he has to put in place in favor of TIGF. These financial guarantees are detailed in Article 8 Guarantee of Transport Contract General Terms available on TIGF web site.
• No financial guarantees to participate in the auctions will be required.
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7. Secondary market
• For the year 2014, TSOs will put in place a coordinated procedure to allow shippers to trade their bundled capacity in the secondary market.
• Once there is a secondary booking platform, TSOs will have the opportunity to use this functionality.
• During 2014, Enagas and REN are working on a Pilot project with PRISMA, which doesn’t include a secondary market facility.
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8. Stakeholders information
• •
Proposed calendar
January: publication of the relevant documentation by TSOs for shippers February: publication of the relevant regulation by NRAs • • • • • •
Documentation
Description of capacity products Capacities offered Auction process Link to PRISMA on TSO’s websites Creation of the VIP 2014 calendar for yearly, quarterly, monthly auctions 20
9. EIC code & transfer to affiliates
• • • • Situation: the company that has been allocated capacity at PRISMA should be the same as the one signing the contracts with the TSOs. Thus, there is no possibility to transfer the capacity to an affiliate at IPs; instead, gas transactions will take place within each system (PEG, AOC, VTP) Enagás agrees with this provision .
TIGF, at this point of progress, would agree with this provision.
REN has no objection to this provision, as it is imposed by NRAs Transfer to affiliates
REN
NO
ENAGAS
NO
TIGF
NO
Decision required NO
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