1 intraday in the cwe region nwe and bilateral initiatives common rcc cse - cwe 28 september 2010
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1
Intraday in the CWE region
NWE and Bilateral initiatives
Common RCC CSE - CWE28 September 2010
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Two horizons
Near term
• End of 2010
• Bilateral initiativesBelgian – Dutch border
• Elbas system
French – German border• Trading platform (ComXerv) linked to DBS capacity
platform
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Two horizons
Longer term• Launched in May 2010
• Implementation: end of 2011 (?)
• NWE projectCWE region + Scandinavian countries + UK
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CWE Preconditions
CWE regulators invite colleagues from Ofgem and Scandinavian regulators common guidance to NW-EU project.
CWE ID Orientation study and the underlying CWE-position• comments to be used as a starting point
TSOs to actively involve all PXs Discussions are to involve comments from market
parties. Implementation ambition is 2011
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CWE Preconditions
No “EMCC-like” scenario for the enduring solution
CWE NRAs asked• Commitment bilateral projects’ partners: no compatibility
problems
• Commitment of all parties to target model
• Commitment of all parties to implement a project open to extensions and new project participants
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NWE Project
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NWE project
NWE to European Target Model• Enduring solution close to real time
Market basedTake scarcity of XB transmission into account
• Building on CWE ID orientation studyFebruary 2010Remarks by CWE NRAs
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NWE project
Dixit C. Pflanz, NWE project coordinator:• Building on existing infrastructure
• NWE region in first instanceExtendability to other regionsClose contact with other regions through AHAG
• Compatible with Day Ahead
• Continuous trading model
• Quality and transparency of prices
• Liquidity of ID market
• Support ramping constraints
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NWE project
* Presentation by C. Pflanz 29/07/2010
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NWE project
NRAs of CWE region + Scandinavian + UK• Cooperation between NRAs• NWE meetings
(29 July 2010 – 9 November 2010)
• NRA NWE meeting 11 OctoberSet framework
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NWE – centralized target solution
* Taken from PX presentation on 26/07/2010
Shared Order Book 1
Matching Algorithm
APX: NL market
Clearing/Notification
Systems (APX)
TSO operator(s)
Capacity Matrix
BPX: BE market
Clearing/Notification
Systems (APX on behalf of BPX)
NPS: Nordic, GE market
TSO operator(s)
Other market operator/OTC
Other market operator/OTC
Clearing/Notification
Systems (NPS)
Capacity Matrix
Platform operator(s)
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NWE– decentralized target solution
* Taken from PX presentation on 26/07/2010
Shared Order Book 1
Matching Algorithm
APX: NL market
Clearing/Notification
Systems (APX)
TSO operator(s)
Capacity Matrix Slave
BPX: BE market
Clearing/Notification
Systems (APX on behalf of BPX)
NPS: Nordic, GE market
Regional Capacity Matrix
Other market operator
Other market operator
Clearing/Notification
Systems (NPS)
Shared Order Book 2
Matching Algorithm
Capacity Matrix Slave
Regional Capacity Matrix
Regional Capacity Matrix
Cross matching of orders
Platformoperator(s)
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NWE project Belpex and APX-ENDEX view on CMM
• Necessity of a harmonized capacity platform is more questionable EPEXSpot view on CMM
Clear harmonised capacity platform (or CMM) is important
APX-ENDEX and Belpex view on SOB• Only the centralised approach can guarantee the best economical
performance• TSOs support this approach.
EPEXSpot view on SOB• mainly an IT design and performance question• economic efficiency remain the same • SOB function: sharing the liquidity of the PXs order books
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Bilateral Projects
Belgium - Netherlands
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Belgian –Dutch border
Foreseen end 2010Documents under approvalElbas model as-is
• Trading on Elbas platform: BE and NL as new zones within Elbas.
Extendability towards Scandinavian countries• ~ Elbas
Close monitoring of block orders use
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Bilateral Belgian - Dutch
Elia + TenneT operators:• Real-time capacity monitoring• Re-use of pro-rata allocation platform
Elbas system:• Hosted by NPS
• Separated from NPS Elbas market (as no capacity is made available yet), but the same instance is used = opportunity
• Well-known, appreciated, implemented and deployed, reliable and proven (uptime 99.98%)
Local operations by APX/Belpex:• Existing membership arrangements are retained
• Existing risk management, reporting and settlement systems are retained
• Well-known, appreciated, implemented and deployed, reliable and proven
* Taken from PX presentation on 26/07/2010
Shared Order Book
Matching Algorithm
APX/NL market
Clearing/Notification
Systems (APX)
Capacity Matrix
BPX/BE market
Clearing/Notification
Systems (APX on behalf of BPX)
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Bilateral Belgian - Dutch
* Taken from PX presentation on 26/07/2010
Shared Order Book
Matching Algorithm
APX: NL market
Clearing/Notification
Systems (APX)
TSO operator(s)
Capacity Matrix Master (Slave GE-NL, GE-DK)
BPX: BE market
Clearing/Notification
Systems (APX on behalf of BPX)
NPS: Nordic, GE market
Clearing/Notification
Systems (NPS)
Open Capacity Matrix:GE-NL, GE-DK
TSO operator(s)
Direct AccessOther interim solutions (FR-DE?)
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Bilateral Projects
France - Germany
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