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1. Long term auction platform

1. Long term auction platform IFE: Progress report. Signature of the MoU and preparation of transfer of long term auctions to CASC.EU IPE: Planning for launching a long term coordinated product. 11 th Implementation Group Meeting 1 st March 2013.

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1. Long term auction platform

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  1. 1. Long term auction platform IFE: Progress report. Signature of the MoU and preparation of transfer of long term auctions to CASC.EU IPE: Planning for launching a long term coordinated product 11th Implementation Group Meeting 1st March 2013

  2. IFE: Preparation of transfer of long term auctions to CASC.EU • Background of the project • Jun-12: Request for comfort to CRE, CNE and Spanish Ministry • Oct-12: CRE and CNE sent the “letter of comfort” to TSOs • Mid-november: Spanish Ministry issued the “letter of comfort” • Since then NRAs have not received further information • Next steps for IFE? • Signature of the MoU? • Draft auction rules? • Public consultation on Auctions Rules • NRAs’ approval • IT system tests? (to be conducted by TSOs & CASC) • Go-live for the project?

  3. IPE: Planning for launching a long term coordinated product • Last meeting of the Technical committee of the MIBEL Regulators Council was held on February 5th,2013 • Iberian TSOs: • Reported that CASC.EU provided Iberian TSOs with the information regarding the expected costs of a extension of the mechanism to IPE • It was also reported that CASC.EU is not yet entitle to give an estimation of cost for the possible implementation of FTR on the IPE (MIFID 2) • Compromised to send a request for a comfort letter to CNE and ERSE at the end of February. • Next steps for IPE • NRAs: Evaluation of information provided by Iberian TSOs and issuance of the corresponding letter of comfort to the project. • Meanwhile, knowing that CASC.EU stated not be able to provide a solution for IPE covering all the second half 2013, the MIBEL Regulatory Council is working in a solution for overpassing this difficulty

  4. Thank you for your attention Thank you for your attention!

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