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TSO Transparency project Gas Regional Initiative North West Nicola Meheran, Ofgem Regional Co-ordination Committee 15 September 2011 Purpose • Transparency is a critical element in ensuring an effective functioning internal European Gas market • Gas Regulation No 715/2009, effective from 3rd March 2011 includes a number of enhanced transparency requirements under Article 18 and under amended Chapter 3 of Annex 1 of the Gas regulation • GRI NW has had significant success in the past driving improvements in Gas market transparency • We can ensure these new requirements are implemented correctly in a coordinated manner • GRI NW can transfer lessons learnt to other regions GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 2 Objective • The objective of this project is to: • Monitor compliance of TSOs against the requirements outlined under Article 18 and amended Chapter 3 of Annex 1 of Gas Regulation No 715/2009 • Final output • Publish a compliance assessment report GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 3 Project Update Action/Milestone Indicative date Status of Action Project plan agreed. Key stakeholder input on the project plan May Complete Agree common interpretation of the transparency requirements under Gas Regulation (regulators with stakeholder input) May-June Complete Agree information questionnaire template June Complete TSOs complete questionnaires AugustSeptember Ongoing GRI NW assess/ clarify and consolidate questionnaires September October Ongoing Publish questionnaires and invite stakeholders to comment on them October Not started Review stakeholder responses and questionnaires November Not Started Publish conclusions in compliance assessment report December Not started GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 4 TSO response to questionnaire • We have received completed questionnaires from most TSOs which is encouraging • Next step: publish questionnaires and seek stakeholders views • Some respondents have answered “no or n/a” to a number of questions without explanation – therefore should we: a) Publish questionnaires as they are? or b) Give some additional time for TSOs to clarify specific responses (and if so – how much time)? Which option do you prefer? GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 5 Proposed next steps • Compile questionnaires and publish them alongside a cover note with some questions for stakeholders • Use stakeholder responses and assessment by regulators of the completed questionnaires to determine TSO compliance • Publish compliance assessment report Are you happy with the proposed next steps? GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 6 Questions for stakeholder consultation 1. What are you views on the overall quality, consistency and availability of the information published by TSOs in order to comply with the Transparency requirements in Gas Regulation EC/715/2009. 2. Do you consider the questionnaire responses accurately reflect the information that is made publicly available by TSOs in order to comply with the Transparency requirements in Gas Regulation EC/715/2009? If you consider they do not please provide specific examples. 3. Are there areas where the quality, consistency and availability of the information published in order to comply the Transparency requirements in Gas Regulation EC/715/2009 could be improved? Please provide specific examples where appropriate. 4. Is the information that is published by TSOs in order to comply the Transparency requirements in Gas Regulation EC/715/2009 user-friendly? Where you consider the information is not user-friendly please provide specific examples where appropriate 5. Is the information that is published by TSOs in order to comply the Transparency requirements in Gas Regulation EC/715/2009 available free of charge without subscriptions? 6. Is the information that is required to published at all relevant points (Annex 1, Chapter 3, Article 3.3 (a-g)) published “close to real time i.e. as soon as it is available to the system operator”. If not please provide specific examples Do you have any views on these proposed questions? GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 7 Assessing Compliance • Final output of this project is a compliance assessment report • Use completed TSO questionnaires and stakeholder consultation and regulators view on whether the TSOs are compliant • How will regulators assess whether a TSO is compliant? • What is our criteria for this assessment? • Regulators input GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 8 Summary and recap of questions to RCC • Summary • Over the summer good progress has been made • TSOs have been engaged - almost all questionnaires have been completed • Questions • Are you happy with the next steps we have proposed? • Do you have any views on the draft stakeholder questions? • How long should we give stakeholders to comment on the questionnaires? • What criteria should we use to assess compliance of the TSOs? GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 9 Gas Regional Initiative Region North-West Investment Project Marie-Claire Aoun, CRE 22nd RCC meeting TheGRI Hague – 15 September 2011 NW TSO Transparency project RCC, The Hague, 15th September 2011 10 Two objectives: Initial aim: Help ENTSOG/TSOs with the regional plan work in 2011 Definition of the scope and of the value added of these regional plans compared to national and EU TYNDPs Follow up of the Investment Project 2010 – discussion paper Monitor the open season between France and Luxembourg and share lessons for future processes 11 GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 Update on the project TSOs have been developing the GRIPs since April-May 2011 Expected to be published in Q1 2012 6 GRIPs with one TSO responsible for coordination GRI NW coordinated by Fluxys South GRI coordinated by ENAGAS (Spain) France-Germany-Switzerland-Italy coordinated by Snam rete gas (Italy) BEMIP coordinated by Gas System (Poland) North-South East coordinated by Net4gas (Czech Republic) Southern corridor coordinated Desfa (Greece) Role ofTransparency ENTSOG: GRI NW TSO project provide framework and guidance RCC, The Hague, 15th September 2011 12 Update on the project ENTSOG feedback on the Project Several meetings between TSOs are scheduled – ENTSOG will inform PO of progress Where direct support of GRI NW would be helpful, ENTSOG will ensure that the PO is advised Welcome an opportunity to present the GRIP at the next SG Next year, several regional projects could arise from the GRIP (workplan 2011-2014) Informal discussions with ENTSOG No real investment problem identified in the GRI NW The GRIPs will not include an analysis of demand – no real modelling but focus on the development of investment projects in details. Decision RCC (May): GRI NW TSO Transparency project draft a letter for Fluxys and RCC, The Hague, 15th September 2011 13 Update on the project – feedback from stakeholders IFIEC: “Happy that investment is still a leading issue in the GRI NW” Full support for the project EFET “The goal should be for TSOs to provide information on capacities and costs of the various investment options – take investment decision in response to market needs participants” “A joint assessment of TSOs and NRAs of 14 GRI NW TSO Transparency project the cross-border investment options is an RCC, The Hague, 15 September 2011 th ACER formal opinion on the 2nd TYNDP – link with the GRIPs Need for consistency and comparability between European Regional and national investment plans Close collaboration between ENTSOG, TSOs, NRAs and ACER Main objectives of the GRIPs Identify investment needs and remedy cross-border congestions should contribute to higher consistency between national and Community-wide TYNDP Ensure a consistent design for cross-border projects Involvement of stakeholders is crucial to develop investment plans according to market needs ACER invites TSOs to use the existing GRI structures in order to present regular updates to the stakeholders and promote dialogue GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 15 Minimum requirements from RCC In addition to ACER recommendations 1/2 The GRIP should provide a consistent picture of crossborder projects in the GRI NW Provide a detailed description and analysis of infrastructures at IP When investment needs are identified Detailed description of projects characteristics and costs Eventually highlight the regulatory gaps leading to a risk perception by the market Objective: Facilitate the development of coordinated open seasons procedures and improve the transparency level for the market GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 16 Minimum requirements from RCC In addition to ACER recommendations 2/2 Share the analysis of cross-border investment needs with the stakeholders through regular regional dialogue Early dialogue on bottlenecks and capacity needs Ex-post evaluation of TSOs’ proposals Use the GRI NW structure to present regular updates: IG and SG meetings The GRIP should serve as a tool for the implementation of the Security of Supply Regulation Next step: Minimum requirements letter to be approved by RCC and to send to Fluxys and ENTSOG: end September GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 17 Monitoring the OS between France and Luxembourg Open season to increase firm capacity from France to Luxembourg Coordinated process between the TSOs (CREOS and GRTgaz) and the regulators (CRE and ILR) Non-binding phase launched at the SG meeting (26 Nov.2010) – ended 31 January 2011 – sufficient to launch a binding phase Launch of the binding phase currently under discussion Aim of the project: Use the GRI NW as a platform for discussion of the process Outcome of discussions synthesized in a short paper in order to share the lessons from this process, in terms of coordination, allocation rules (joint allocation office), transparency etc… Feed the discussions on the European level: revision of the GGPOS Expected milestones: The final paper on lessons GRI NW TSO Transparency project RCC, The Hague, 15th September 2011 learned will be delivered after the 18 Thank you for your attention! 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