geode position on ergeg ggp on information management & transparency in electricity markets...

GEODEGEODE position on ERGEG GGP on position on ERGEG GGP on Information Management & Information Management &

Transparency in Electricity MarketsTransparency in Electricity Markets

Brussels, July 6th 2006

Dr. Joan PratGeneral Delegate GEODE


TransparencyTransparency

Aim of ERGEG Guidelines:“To provide market related information to wholesale market participants (suppliers, generators, energy

traders, large customers and demand side participants) across Member States”



GEODEGEODE considers market information to be a considers market information to be a prerequisite for a well-functioning market. prerequisite for a well-functioning market.

It is essential that relevant market information is It is essential that relevant market information is made available to market actors. made available to market actors.

The right level of information transparency will benefit The right level of information transparency will benefit transactions, contributing to create a single European transactions, contributing to create a single European Energy market.Energy market.



GEODEGEODE holds the opinion that information holds the opinion that information confidentiality should be kept at a minimum. confidentiality should be kept at a minimum.



Market actors should have equal access to the Market actors should have equal access to the same information to participate in the market on same information to participate in the market on equal and fair conditions, especially information that equal and fair conditions, especially information that may influence the market price.may influence the market price.



It is important that information on transmission It is important that information on transmission capacity – including capacity on interconnections- is capacity – including capacity on interconnections- is available to all market actors, as available to all market actors, as transmissiontransmission capacity availability has a capacity availability has a similarsimilar effect on prices as effect on prices as productionproduction capacity availability. capacity availability.



TSO’s should publish information on the state of TSO’s should publish information on the state of national power systems close to real time. national power systems close to real time.

TSO’s should develop a uniform structure for this TSO’s should develop a uniform structure for this information by using best practices from the different information by using best practices from the different countries.countries.



Harmonised market information should be available Harmonised market information should be available in neighbouring power markets.in neighbouring power markets.

The aim should be to create equal terms for actors The aim should be to create equal terms for actors on both sides of the market borders.on both sides of the market borders.

GEODE GEODE position on ERGEG GGP on position on ERGEG GGP on Information Management & Information Management &


GEODEGEODE considers the aggregation level of data considers the aggregation level of data determines for DSO' s an administrative burden that determines for DSO' s an administrative burden that is likely to increase with the level of detailed is likely to increase with the level of detailed information requested to market participants. information requested to market participants.

GEODE GEODE position on ERGEG GGP on position on ERGEG GGP on Information Management & Information Management &


GEODEGEODE proposes to limit the level of detailed proposes to limit the level of detailed information requested, if the costs reflect information requested, if the costs reflect unfavourably in the distributor costs unfavourably in the distributor costs or, or, as the ERGEG Guidelines proposes, when there isas the ERGEG Guidelines proposes, when there is

“ “a proven fact that the cost of providing the information is a proven fact that the cost of providing the information is significantly higher than the expected benefitsignificantly higher than the expected benefit””..



GEODE GEODE asks the following aspects to be take in asks the following aspects to be take in consideration in the ERGEG guidelines :consideration in the ERGEG guidelines :

Further clarification of the management of confidential data requirements at European level, to avoid differences between national markets.

Increased coordination between TSO's and other marketparties involved, to ensure the fulfillment of any transaction at EU-level.



● GEODE GEODE asks the following aspects to be take in asks the following aspects to be take in consideration in the ERGEG guidelines:consideration in the ERGEG guidelines:

any additional administrative burden to DSO’s - arising from fulfilling requirements on information transparency - will reflect financial costs that have to be recovered by the distributor through distribution tariffs.

geode position on ergeg ggp on information management & transparency in electricity markets...

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