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European Transparency Requirements

This document discusses the drivers and requirements for transparency in the European gas market, including compliance with regulations, the Gas Regional Initiative, and the NW Transparency Project.

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European Transparency Requirements

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  1. European Transparency Requirements Transmission Workstream 3rd April 2008

  2. European Transparency Drivers • Transparency seen as key to liberalization of European gas market • Drivers: • Compliance with existing EC Regulation 1775/2005 • 3rd Package of amendments to current Regulation/Directives on gas market liberalization • Gas Regional Initiative (GRI) • GRI NW Roadmap

  3. GRI NW Transparency Project • European Regulator’s Group for Electricity and Gas (ERGEG), of which Ofgem is member, established Gas Regional Initiative in April 2006 • Promote further liberalisation of national markets • Develop regional solutions as stepping stone to European gas market • UK within GRI NW

  4. GRI NW Transparency Project • GRI NW Transparency project • Aim: improve publication of capacity and flow data • Transparency project plans developed by TSOs • Demonstrate commitment to respond to market requirements • Established TSO information release principles • e.g. release will not prejudice any TSO customer, TSO or any other stakeholder • Operators response to EFET “wish list”/Ofgem transparency questionnaire • Agreed information provision extends beyond requirements of EC Regulation 1775/2005

  5. NW GRI Transparency Project Agreed Information Release • Capacity • Maximum technical capacity of the transmission system • Level of interruption probability • Daily commercial firm and interruptible capacity • Flow Information • Daily flow and interruptions • Daily prompt allocation information to each shipper • Daily aggregate day-ahead nominations • Historic gas flow information database • Information only refers to cross-border interconnection points and LNG terminals

  6. UK Compliance requirements • UK regime largely compliant and frequently exceeds requirements • Only 2 gaps identified concerning exit capacity and day ahead nominations • Compliance requires • provision of day ahead nominations at interconnectors and LNG terminals • Bacton (IUK), Bacton (BBL), Moffat, Easington (Langeled), Milford Haven, Isle of Grain • publication of maximum, sold and available exit capacity at interconnectors • Bacton IUK and Moffat • TSOs to publish agreed data set no later than December 2008 • Mods required to address information provision gaps

  7. Future Developments • Roll out information published to all entry points and relevant Exit points • Current focus on capacity but post 3rd Package may include D-1 & D+1 information on supply/demand • Nominations, forecasts and realised flows in and out of System • “level of detail shall reflect information available to TSO”

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