France – Spain open season

ResultsLessons learned

France – Spain Open season at a glance

4 TSOs and 2 NRAs2 phases (2013 : western corridor - 2015 : eastern corridor)6 different products18 different development steps6 levels of price proposed

2

- 3 -

Results of the 2013 phase

Capacities allocated

/demand

27 /27 GWh/d

149 / 149 GWh/d

132 / 361 GWh/d

Capacities allocated

/demand

0 GWh/d

115 / 115 GWh/d

69 / 69 GWh/d

Development of an existing interconnexion point : Larrau

- 4 -

Results of the 2015 phase

Capacities allocated

/demand

0 / 200 GWh/d

0 / 13,6 GWh/d

0 / 13,6 GWh/d

Development of an existing interconnexion point : Biriatou

A very significant increase in interconnexion capacity (+120 GWh/d)

but demand not sufficient to trigger the eastern corridor

Capacities allocated

/demand

30,4 / 30,4 GWh/d

40,8 / 40,8 GWh/d

44,8 / 71,6 GWh/d

- 5 -

Lessons learned

South GRI proved to be an efficient platform to coordinate the projectStrong variation of demand between the two phases

Reluctance to commit long term in the second phase

Coordinated routes add significant complexity

Competing products sold simultaneously

Importance of tariff visibility