operational method to use - grtgaz · by prisma or you can delegate it to a third company. shipper2...

Operational method to use

Operational method secondary

market

12/01/2017

GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public 2

Reminder: the

functionalities

Concerned points

• PIR Dunkirk

• PIR Taisnières B

• PIR Virtualys

• PIR Obergailbach

• PIR Oltingue

• North-South link

Transfer type

• Full transfer

• Right-of-use transfer

Capacity Secondary Market

What doesn’t change…

Dunkirk

Taisnières B

Obergailbach

OltingueNorth-

South link

Virtualys

GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public

Capacity Secondary Market

Capacity transfer procedure

• First Come First Served (FCFS)

• Over The Counter (OTC)

• Call For Orders (CFO)

Capacity type

• Firm capacity

• Interruptible capacity

Plateform

PRISMA: European Capacity Platform

Trade proposal

• Offer to purchase or sale capacity which is offered on PRISMA by the Shipper

who initiates the trade (it can be posted or not)

• It can eitheir be approved or not by associated TSO(s):

GRTgaz approves all Trade Proposals which correspond to its network

• It is formed by the Trade Proposal and its associated response. All TSOs must

approve the Trades which correspond to their network

Definitions

proposal

...Response

Shipper

(initiator)Shippers

(counterpart)

Exchange procedures (1/3)

proposal

(*) Trade Proposal: Purchase offer or Sale offer

Shippers

(counterpart)

Non-public information on PRISMA

Public information on PRISMA

Finished

TSO(s)’s validation

First Come First Served (FCFS)

Response

Shipper

(initiator)

proposal (*)

+ Counterparty

Validation

Finished

Response

Public information on PRISMA

Over The Counter (OTC)Bilateral agreement concluded outside the plateform

Shipper

(initiator)

Shippers

(counterpart)

proposal (*)

Trade 1

Finished

+ Response time

Response 1

Response 2

Public information on PRISMA Call For Orders (CFO)

Shipper

(initiator)

Shippers

(counterpart)

Additional options (1/2)

Volume or Lot Size 100 MWh/d

Min Volume or Min

Lot Size50 MWh/d

Result

All response whose volume is included

between 50 & 100 will be taken into

account

Product or

RuntimeFrom April 1st to April 30th 2014

Min Product or Min

Runtime1 day

ResultAll response for a period of 1 or several

days will be taken into acccount

• Volume of capacity is pointed out when a

Trade proposal is entered (Lot Size)

• Minimum Volume (= Min Lot Size)

It must be included between 0 & Lot Size

Flexibility: Volume

Flexibility: Product

• Product is pointed out when a Trade

proposal is entered (Runtime)

• Minimum Product (= Min Runtime)

• Only for Transfers of capacity right-of-use

Additional options (2/2)

• Attaching a list to a Trade Proposal→ Only shipppers’ responses that have been listed

will be taken into account

• Attaching a list to a response→ Only Trade Proposal from listed Shippers will be

matched

Trader List

Minimum: 3 shippers on a list

Can be used by all Users from a

company of shippers

As soon as a list is used, no shippers

can be removed

• Contrat between both Shippers that are involved in the Trade

• Standard contract of each shipper can be uploaded

• Standard conditions EFET in preparation

Trading Conditions

Cases for North-South link

PRISMA Large gas consumers

Where the capacity can be

purchased?

Bundled Non-bundled

Getting the Deal ID – detail of

the capacity you have to

exchange is automatically

written

You have to enter manually the

detail of the capacity you have

to exchange

Example 1Example 2

You must do the transfer in OTC if

you know the counterpart

How can you get the deal ID? (1/2)

How can you get the deal ID? (2/2)

Creation of a Trade Proposal (1/2)

SHIPPER 1 CompanyShipper 1 Company

Creation of a Trade Proposal (2/2)

Creation of a TRADE

PROPOSAL on a capacity

which is purchased on

TRANS@ctions

Example 1

Example n°1

Type of cession: Full transfer

PCR: North-South link (« gazo-intensive » capacity, purchased on TRANS@ctions =

non-bundled)

Type of capacity: Firm

Capacity products : Annual capacités

Exchange procedures: OTC

Shipper1Shipper2

PSC500 000 kWh/h

Shipper1 You can find quickly the North-

South link by entering « link » in

the « research box »

For the North to South way, you must

select North South Link [North] point in

the EXIT way

Example n°1

Shipper1

Example n°1

20It continues on the next slide…

For an exchange by mutuel

agreement

Shipper1

Example n°1

21X---------SHIPPER1EIC

The price of the deal on which

counterparts are involved (not to be

confused with the tariff which is

charged by GRTgaz)

Shipper1

Example n°1

You have to tick this box to hide the regulated

tariff (the one that is in force when the auction

takes place can be different from the one that will

be in force during the invoicing)

Shipper1

Example n°1

Shipper1

This mandatory box appears if your company hasn’t subscribed to the

reporting REMIT (paid) service of PRISMA.

The reporting REMIT is mandatory for all shippers ; you can do it by

yourself or delegate it to a third company.

Shipper1

Example n°1

The trade proposal is created

Shipper1 user

Shipper1

Example n°1

RESPONSE to a TRADE

PROPOSAL by mutual

agreement

Example 1 (2nd part)

Trade Proposals in OTC are not public: they are not available in the Secondary Trading section.

Validated Trades are public: they are available in the Reporting section.

Shipper2

Example n°1

26GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public

It continues on the next slide…

Shipper2

Example n°1

Shipper2

Example n°1

This mandatory box appears if your company hasn’t subscribed to the

The reporting REMIT is mandatory for all shippers ; you can do it by yourself,

by PRISMA or you can delegate it to a third company.

Shipper2

Example n°1

The response to the trade is saved

Shipper2

Example n°1

Creation of a TRADE

PROPOSAL for a capacity

which is purchased on

PRISMA

Example 2

Example n°2

Type of cession: Full transfer

PCR: North-South link (capacity purchased on PRISMA = bundled)

Type of capacity: Firm

Capacity products: Annual capacity

Exchange procedure: FCFS

PSC9,000 kWh/h

Shipper2Shipper1

You can find quickly the North-South link by

entering « link » in the « research box »

For the North to South way, you have to select the North

South Link [North]/North South Link [South] point

Shipper1

Example n°2

Shipper1

Example n°2

Shipper1

Example n°2

La page continue sur la diapositive suivante…

Shipper1

Example n°2

Shipper1

Il s’agit du Deal ID

Example n°2

37GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public

This manadatory box appears if your company hasn’t subscribed to the

The reporting REMIT is mandatory for all shippers ; you can do it by yourself ,

by PRISMA or you can delegate it to a third company.

Shipper1

Example n°2

The trade proposal is created

Shipper1

Example n°2

RESPONSE to a posted

TRADE PROPOSAL

Example 2 (2nd part)

Shipper2

Example n°2

This manadatory box appears if your company hasn’t subscribed to

the reporting REMIT (paid) service of PRISMA.

The reporting REMIT is mandatory for all shippers ; you can do it by

yourself , by PRISMA or you can delegate it to a third company.

Shipper2

Example n°2

operational method to use - grtgaz · by prisma or you can delegate it to a third company. shipper2...

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