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European thinking on intraday target model

European thinking on intraday target model. IG FUI, Brussels, 21 st of May. The PCG.

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European thinking on intraday target model

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  1. European thinking on intraday target model IG FUI, Brussels, 21st of May

  2. The PCG • The XVth Florence Forum invited ERGEG to establish a Project Coordination Group of experts, with the tasks of developing a practical and achievable model to harmonise interregional and then EU-wide coordinated congestion management, and of proposing a roadmap with concrete measures and a detailed timeframe, taking into account progress achieved in the ERGEG ERI. • A workstream on intraday timeframe was created to follow this objective. • The conclusions of the PCG were presented at the XVIIth Florence Forum.

  3. The PCG target model for intraday (1/3) • Target model for Inter-Regional Cross-Border capacity allocation in the intraday (ID) timeframe is implicit continuous allocation (continuous trading) • Where appropriate, specific National/Regional ID trading solutions may be developed • A specific National/Regional ID trading solution is not obligatory. Inter-Regional Target Model mechanism can be used as the National/Regional solution • Any specific National/Regional ID trading solution must be compatible with the Inter-Regional Target Model

  4. The PCG target model for intraday (2/3)

  5. The PCG target model for intraday (3/3) • Target Model must allow block bids • Users will therefore be able to execute through the platform deals which would otherwise be concluded on a bilateral basis • When significant additional capacity becomes available this capacity should be allocated using a market based mechanism • The definition of significant additional capacity will have to be developed • There are several possible market based mechanisms to allocate significant additional capacity (e.g. auctions)

  6. The PCG roadmap

  7. The Ad Hoc Advisory Group (AHAG) • The Forum supported ERGEG’s proposal to continue the PCG work through an Ad Hoc Advisory Group (AHAG) of all stakeholders. This group is assisting ERGEG in overseeing the work and solving issues which might hinder progress. • An implementation project was launched, chaired by ENTSO-E to develop the target model for intraday trade as well as means for its implementation where appropriate. • This project provides input to ERGEG’s work on the framework guidelines for capacity allocation and congestion management.

  8. The AHAG target model • The implementation group confirmed the target model and is now trying to identify the best solutions to the open questions. • For instance, in line with the day-ahead governance group, the ID group would advocate to follow a two-tier approach: • Legislative tier: legally binding guidelines and network codes (principles), • Operational tier: contractual agreements between TSOs & PXs (?) • ENTSO-E proposed a pilot project covering CWE – NE – UK (NWE), EuroPEX would also be involved. Nonetheless, interactions with ongoing projects need to be carefully considered.

  9. Thank you for your attention! www.energy-regulators.eu

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