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Virtual Test – Shipper Bidding

Virtual Test – Shipper Bidding. Bidding Structure Shipper Profiles Bidding Process Aggregation of Bidding Participating Shippers Experience Assessment against Investment trigger. Bidding Structure. Shipper requirements Hub to Hub – shippers seldom trade gas at border

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Virtual Test – Shipper Bidding

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  1. Virtual Test – Shipper Bidding • Bidding Structure • Shipper Profiles • Bidding Process • Aggregation of Bidding • Participating Shippers Experience • Assessment against Investment trigger

  2. Bidding Structure • Shipper requirements • Hub to Hub – shippers seldom trade gas at border • Each section spanning two regulatory regimes, i.e. 3 Hub to Hub components over total length of pipeline • Each assumed to be 50%/50% between regimes • Matrix Structure • Shippers indicate volume required • At each indicated price, relative to that volume • Over a number of years (annual blocks)

  3. Bidding Matrix

  4. Shipper Profiles • Shipper A to Shipper J (10 in total) • Various types - Supplier (Large & Small), Producer, Shipper, Trader, Optimiser Large End Consumer • Provided with “profile” of requirements in each section of the pipeline • Each asked to submit bids in line with their assessment of their requirements to meet that profile

  5. Bidding Process • Shippers provided with profile and bidding matrix • All Shippers submitted bidding sheet by R1 deadline • Bids aggregated and initial assessment and provisional outcome published • Shippers given opportunity to revise bids (R2) in light of R1 “result” • R2 aggregated and submitted to regulatory analysis

  6. Aggregation of Bidding • Bids of all Shippers aggregated and initial “clearing price step” for individual year identified • Aggregate then submitted for assessment against Regulatory and Investment criteria

  7. Aggregation of Bidding (G-NL)

  8. Aggregation of Bidding (NL-B)

  9. Aggregation of Bidding (B-F)

  10. Participating Shippers Experience • Shippers participating in the Virtual Test (alphabetical) A big Thank You to all of them for their support NB – not same order as Shipper A to Shipper J for anonymity

  11. Shippers Comments and feedback • Cemil Altin EdFT • Helga Franse Statoil Hydro • Alex Barnes GazProm have kindly agreed to provide views on the exercise

  12. Assessment against Investment trigger • Will form the subject of the next section of the workshop by Johan Allonsius of CREG

  13. Assessment against Investment trigger Will form the subject of the next section of the workshop by Johan Allonsius of CREG before handing over to Johan, Any Questions?

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