Transcript CASC.EU – Capacity Allocation Service Company

CASC.EU SA
CASC.EU – Capacity Allocation Service
Company
23/11/10
CASC-EU S.A. (R)
CASC – The Company
Incorporated on October 1, 2008 - Based in Luxembourg
12 Shareholders (since 10th of November, 2010)
Netherlands, Belgium, France, Italy, Greece, Slovenia, Austria, Switzerland,
Germany (3), Luxemburg
All are Board Members / CEO of the TSOs
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Chairman of the Board:
Vice Chairman:
Chairman of the Audit Committee:
Mr Pierre Bornard (RTE)
Mr Thomas Karall (APG)
Mr Luigi De Francisci (Terna)
CASC’s function:
o Explicit allocation
o Service provider to the TSOs regarding Market coupling
o Clearing and settlement towards MPs and congestion rent distribution to the
TSOs
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CASC - Services
CASC.EU - service company, on behalf of the Transmission System Operators:
o Daily operation of services, related to the cross border allocation of
transmission capacity, outsourced to CASC
• Explicit auctions: Yearly, Monthly, Daily
• Fallback options for Market coupling: Shadow auctions (daily explicit
auction), Rollback
o Acts as a single point to implement and operate services related to the
auctioning of power transmission capacity on the common borders
o Eases cross-border power exchange and delivery for Market Participants
within the borders
o Possibility to support the development and testing of standardized systems
and rules
o Increases liquidity and competition within markets
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Ease for Market Participant
Market Participants can easily register and participate in auctions
o One financial guarantee system for all borders
o One invoice is issued per month including all expenses
o One platform for all auctions – through the EXAU User Interface
o One single point of contact
o A complete website with all relevant information
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CASC’s assets
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CASC.EU working area
France – Germany
Germany – Netherlands
Belgium – Netherlands
France – Belgium
Western Denmark – Germany
Eastern Denmark – Germany
Netherlands – Norway
Q1 2011
Italy – France
Italy – Switzerland
Italy – Slovenia
Italy – Greece
Italy – Austria
Switzerland – Germany
Switzerland - Austria
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Explicit auctions
– Registration of Participants, signature of DOA and FA
– Calculation of the Offered Capacity based on the values sent by the
TSOs (including the re-sales from Y M)
– Long Term and Daily Explicit Auction ( eventually as downgraded
modes for MC)
– Secondary Market (transfers, re-sales and UIOSI)
– Capacity Rights Curtailments (based on the values sent by the TSOs)
– Programming Authorization to ITRs, CT and TSOs
– Invoicing the MPs
– Bank and Accounting Interface
– Reporting to TSOs
– Congestion rent revenue distribution
– Customer relationship (first level assistance)
– Training
– Publications : Auctions spec, Results…
– TSOs in charge of: calculation of the ATC, nominations, evolution of
the Auctions Rules, relationship with the REGs
EXAU System Integration
Market
Participant User
Interface
Bids
Transfers
Resales
Results
Participation Agreement
ATC
Offered Capacity
Results
TSOs
TSO REPORTING
Capacity Rights
Resales
Results
Participation
Agreements
Payments
Account
Reporting
CASC.EU
EXAU System
Payments
Accounting
Document
Auction Spec
Offered Capacity
Results
BANK
SAGE
Booking and
Invoicing
WEBSITE
CASC-CWE and
ETSOVista
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CASC’s flexibility
o Registration – Entitlements per border and direction
o Different Products - Yearly Base with & without maintenance periods,
Monthly Base / peak / off peak, Daily hourly
o Flexible timing of the auctions
o Bids - Maximum number of bids limitation , Maximum quantity of bids,
Pro-Rata for bids of equal price, Pre-Bidding for auctions to avoid weekend
and holiday bidding for traders
o Resale - Explicit resale from Yearly to Monthly auctions , Resale into Daily
auctions, Different deadlines for different auctions/borders
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CASC’s flexibility
o Implicit Use It Or Sell It principles - UIOSI Principle, UIOLI Principle ,
Valuation of UIOSI using different prices (Market Spread, Daily price)
o Curtailment - Capacity Curtailment, Nomination Curtailment, Reason
codes for different levels of compensation
o Different sets of non-working days & Different implementations of
secondary market rules per domain
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Contact details
CASC.EU – Capacity Allocation Service Company
2, rue de Bitbourg
L-1273 Luxembourg-Hamm
Tel: +352 27 62 38 01
[email protected]
www.casc.eu
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