European Market Model Implementation
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Transcript of European Market Model Implementation
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European Market Model Implementation
CIM Users Group Spring Meeting
2011-05-12 Praha, Czech Republic
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European Regulation – 3rd Package
•2011-03-03: The Agency for the Cooperation of the Energy Regulators (ACER) started its operation .
•Two entities have been created within the European Network of Transmission System Operators :
ENTSO-E for Electricity ENTSO-G for Gas
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European Regulation – ACER
• As concerns electricity market, ACER is responsible for: developing the Framework Guidelines for Network Codes,
according to the priorities set by the European Commission; verifying that the Network Codes developed by the ENTSO-E
on the basis of the Framework Guidelines are consistent with such Guidelines;
providing opinions on the EU-wide Ten-Year Network Development Plans and the national network development plans, and on their suitability to promote the Internal Energy Market;
deciding on cross-border capacity allocation and congestion management;
monitoring the development of the Internal Energy Market.
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European Regulation – ACER
• the Internal Energy Market (IEM) target for implementation:
2015
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European Principles for electricity markets
Regulated Third Party Access: In order to have effective competition the Transmission System Operators have to allow any electricity supplier non-discriminatory access to the transmission network to supply customers; the conditions of access to the transmission network are regulated by regulatory authority.
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European Principles for electricity markets
Grid access tariff: Consumption/Generation is charged at the access point (no link with the electricity path).
Inter TSO Compensation: Mechanism to compensate TSO for the use of its network induced by inter TSO transit.
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Target for the IEM
Over The Counter (OTC) or bilateral trades from long term down to intraday.
Long Term: Transmission Capacity Auctions based on Physical Transmission Rights (PTR) and Use It or Sell It (UIOSI) – Financial Transmission Rights (FTR) are being dicussed.
Day Ahead: Implicit Auctions, i.e. Market Coupling or Market
Splitting. Balancing mechanism
Intraday: Continuous trading Balancing mechanism
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IEC 62325 CIM Market Extensions
Work is going on:
Part 450: “Profile and Context Modelling Rules” submitted in February 2011 as CD
Part 301: “Common Information Model” submitted in May 2011 as CD
Part 351 “European Style market profile” to be submitted as CD in June 2011
Part 451-1 “Acknowledgment Process” to be submitted as CD in September 2011.
IOP Test scheduled mid 2012 together with the ENTSO-E Profile for Network Steady State.
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IEC 62325 CIM Market Extensions
Part 301: “Common Information Model”:Three main packages:
MarketCommon MarketManagement MarketOperations
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IEC 62325 MarketManagement Package
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IEC 62325
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IEC 62325 CIM Market Extensions
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IEC 62325 CIM Market Extensions
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IEC 62325 CIM Market Extensions
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