Transcript Slide 1

Regional electricity market
Ljiljana Hadzibabic
Council member
Energy Agency of the Republic of Serbia
Belgrade,
23. April 2014.
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Content
1) The objectives and advantages of SEE Regional market
integration
2) The 8th Region - SEE
3) Regional and national market development programs
4) EU Target Model for Electricity Market Integration
5) Regulatory role
6) Development possibilities for Serbian market
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Market model and market participants in Serbia
The dynamics of the Market Openning
The legal framework for the functioning of National Market
Comparative Electricity Prices for the industry in some EU
countries
The objectives and advantages of SEE Regional
market integration
The main goals are:
• Creating a competitive integrated Regional energy
market – more efficient than national markets
• Efficient management of interconnection capacities:
Capacity Allocation and Congestion Management (CACM)
• Attracting investments in energy
• Providing a secure and sustainable supply of
customers at reasonable prices
The 8th Region - SEE
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9 Energy Community Treaty
Contracting Parties
the neighboring countries Bulgaria,
Greece, Hungary, Romania and
Slovenia
Italy with regard to the
interconnections between Italy and
the CPs to the EnC Treaty (DC
undersea cables)
+ Moldova and Ukraine are not
technically in parallel synchronous
operation within ENTSO-E, and thus
cannot perform operationally CACM
mechanisms in the 8th region
SEE
9 contracting parties
The ultimate goal is to achieve a single platform for yearly,
monthly and daily implicit auctions for the SEE region.
>20 borders
Population:
137 million
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EU Target Model for Electricity Market Integration
Legal Basis
• Directive 2009/72/EC 13 July 2009 concerning common rules for
the internal market in electricity and repealing Directive
2003/54/EC
• Regulation (EC) No 713/2009 of 13 July 2009 establishing an
Agency for the Cooperation of Energy Regulators
• Regulation (EC) No 714/2009 of 13 July 2009 on conditions for
access to the network for cross-border exchanges in electricity
and repealing Regulation (EC) No 1228/2003
• EU Legislation implementation within SEE Region
Contracting Parties (CP) shall bring into force the laws,
regulations and administrative provisions necessary to comply
with 3rd Energy
New Institutions
New EU institutions based on the 3rd Package:
ENTSO-E (TSOs)
ACER (Regulators)
Joint preparation of:
Framework Guidelines
Network Codes
Target models for capacity allocation and congestion
management
..............
Regional and national programs /1
Energy Community joint projects:
• Wholesale Market Opening (WMO)
• Balancing Energy Market
• Market monitoring
• Supplier switching
• ……
Regional and national programs /2
National development
Regional cooperation
Parallel
Parallel development of regional and local electricity
market?
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SEE local markets are underdeveloped in average mainly bilateral markets
Markets are largely illiquid
Dominant existing production company
Legislative changes are still ongoing
Obstacles to market development in each jurisdiction
in SEE
Serbian National Market
Bilateral
Balancing Market
Power Exchange
Market Functioning - the Legal Framework
Legal Framework
EU directives - mandatory baseline
 The Energy Law
3rd package by mid-year 2014
 Transmission and Distribution Grid Codes
 Cross-border transmission capacities - Rules governing the allocation of
rights
 Market Code
Power Excange Code
 Supplier changing Rules
 Methodologies for the determination of the price for access to electricity
transmission and distribution system
Market Participants
Producers
Suppliers (40 BOS / 75 Suppliers)
Public Suppliers (1)
The final buyers (3.6 million)
Transmission System Operator
Distribution System Operator (5)
Market Operator - Power Exchange
Balancing responsibilities of all market participants;
Relations of Market participants are regulated by agreements.
Current state of Serbian electricity market - model
EPS - Holding
Producers
Independent
producers
Cross-border
flows
2014
Supplier
Wholesaler
Retail Supplier /
Public Supplier /
Last resort
END
CUSTOMERS
Privileged
DSO
producers
EMS – TSO
(+ Organizer of bilateral
and balancing Market)
Power exchange
operator
Suppliers
on the free Market +
Last Resort supplier
(tender procedure)
END CUSTOMERS
on the free market
Legend:
Electricity flow
Commercial flows
The Plan
Serbian electricity market – data 2013
GWh
37,537
2013/20
12%
108.6
GWh
34,043
108.6
%
2.45
96.1
GWh
124.14
87.8
MW
5,895
89.0
GWh
28,8
99.9
GWh
8,328
101.9
2013
Generation
Consumption
Transmission losses
Maximum daily gross
consumption
Maximum hourly load
Total consumption
Transit
The Dynamics of the Market Opening
100%
11.3
90%
80%
42
70%
Free market
60%
50%
100
100
100
88.7
40%
30%
58
20%
10%
0%
2008
2012
2013: + losses 5.6 TWh on market (26%)
2013
2014
2015
Regulated
Day
Current
supplier
New
supplier
Customer
Certificate on settled
liabilities, upon customer’s
request
System
operator
Application for
supplier switching
D
Submission of
application
corrigendum
Non-compliance
with the
invitation
D+3
D+4
D+7
D+8
Invitation for removal
of insufficiencies
Conditions for
supplier switching
are not met
Sales Contract
Submission of
application
corrigendum
Application copy
Notification on
Invitation for removal
inaccurate data
of insufficiencies
Non-compliance
Conditions for
with the
supplier switching are
application
not met
Forwarding the customer’s statement on canceling/rescinding the Sales
Contract
Objection to the
operator
D+11
Application
check
Application data check
Conditions for supplier
switching are not met
No objections to the operator
Provision of metering
data
D+19
No cost, 21 days
Supplier switching
day
Electricity quantities by trading activities
during 2013
Serbian National Market
Serbian Power Exchange (SEEPEX)
• The initiator and the main support - EMS
(TSO)
• Feasibility studies and an action plan - two
years of analysis
• The project implementation is ongoing
• Support of the Ministry, Regulator, EPS as a
market maker
Serbian Power Exchange (SEEPEX)
• Strategic partner for the financial function
• In 4th quarter 2013 - the establishment of
the company
• In 2015 in operation - day ahead market
• Markets coupling with neighboring power
exchanges (HU-SLO-CZ+RO)
Comparasion of the Electricity Prices for the Industry (31)
- The second half of 2013 Данска
Италија*
Немачка*
Ирска
Словачка
Литванија
Шпанија*
Велика Британија
Португалија*
Грчка*
Летонија*
Румунија*
Аустрија
Белгија
Мађарска
Чешка
Хрватска
Естонија
Холандија
Словенија
Турска*
Норвешка
Пољска
Француска
Македонија*
Шведска
Финска*
Бугарска
БиХ*
Црна Гора*
Србија
8.71
15.92
11.22
8.29
8.60
10.19
13.33
2.08
12.24
2.99
12.25
2.60
11.65
3.17
11.79
2.85
10.15
4.01
10.40
3.71
11.25
2.37
9.04
4.33
8.64
4.63
9.18
4.07
9.14
3.15
9.79
2.19
9.13
2.67
8.38
3.26
8.40
3.22
8.26
3.27
8.91
2.00
7.22
3.60
8.30
2.49
3.40
6.46
3.91
7.41
Таксе и ПДВ
1.93
6.79
2.50
7.16
Типски потрошач:
за ЕУ годишња потрошња 500 дo 2.000 MWh, за Србију
2.000 MWh и снага 500 kW
Курс 1€ = 114,25 дин
1.55
1.11
6.53
0.00
7.33
1.09
5.26
0
Без такси и ПДВ
5.48
5
10
15
20
€cent/kWh
* Подаци из претходног полугођа
Подаци: EUROSTAT, Агенција за енергетику
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Thank you for your attention!
Ljiljana Hadzibabic
Council member
Energy Agency of the Republic of Serbia
www.aers.rs
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