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1 The North West European Market Parties Platform Eric van Vliet, Stephan Krieger, Hans ten Berge Mini Forum of the Central West Electricity Regional Energy.

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Presentation on theme: "1 The North West European Market Parties Platform Eric van Vliet, Stephan Krieger, Hans ten Berge Mini Forum of the Central West Electricity Regional Energy."— Presentation transcript:

1 1 The North West European Market Parties Platform Eric van Vliet, Stephan Krieger, Hans ten Berge Mini Forum of the Central West Electricity Regional Energy Market 20 June 2006 Organisation des Entreprises dElectricité Du Luxembourg

2 2 The NWE market Organisation des Entreprises dElectricité Du Luxembourg and the market parties associations

3 Organisation des Entreprises dElectricité Du Luxembourg 3 Aims of cross border co-operation Increase public confidence in the energy market Create a trustworthy market Attract new market players (e.g. financial institutions) Take the initiative in market design Avoid additional regulation Increase market efficiency through regional integration

4 Organisation des Entreprises dElectricité Du Luxembourg 4 Started in February 2006 Constructive discussions resulted in joint positions and actions Strong link with Eurelectric work Guideline is the road map to a pan European electricity market Involvement in pentalateral energy forum Letter to the ministers has been sent Preparation of the mini forum Under Eurelectric umbrella Status and developments

5 Organisation des Entreprises dElectricité Du Luxembourg 5 NWE market issues from market parties perspective Short term (2006) Transparency Intra day markets Secondary markets on transmission rights Longer term (agenda 2007) Addressing regulation and investments in interconnection development Cross border balancing Market functioning

6 Organisation des Entreprises dElectricité Du Luxembourg 6 Transparency Inventory example

7 Organisation des Entreprises dElectricité Du Luxembourg 7 Transparency implementation Aim is to implement the approved Eurelectric package Market parties focus on implementation of items they can influence (generation data) Transparency action plan: Creating a level playing field by implementing publication analogue to the EEX format in all 5 countries by Q Implementation of Eurelectric proposal by Q at the latest Further work on definitions has to be carried out

8 Organisation des Entreprises dElectricité Du Luxembourg 8 Intra-day markets Harmonisation between TSOs Time schedules Capacity allocation IT systems Proposal for a continuous cross border intra- day platform Requirements for the set up in the NWE market for all stakeholders Optional step wise approach to keep confidence in the system and gradually allocate more capacity

9 Organisation des Entreprises dElectricité Du Luxembourg 9 Secondary market for capacity rights Improve firmness and maximisation of allocated capacity Based on a use it or sell it principle Strong support from TSOs is needed Single platform Administration of deals Settlement Combine best practices of existing models

10 Organisation des Entreprises dElectricité Du Luxembourg 10 Next steps Implementing transparency proposal according to the action plan timeline Offering guidance from market players for market design Offering help to overcome obstacles Start working on the long term issues


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