Presentation on theme: "2 nd Stakeholder Group Meeting 14 November 2006 France-UK-Ireland Electricity REM Paper 5 - Imbalance Pricing Shaun Kent – Economist, European Affairs."— Presentation transcript:
2 nd Stakeholder Group Meeting 14 November 2006 France-UK-Ireland Electricity REM Paper 5 - Imbalance Pricing Shaun Kent – Economist, European Affairs Ofgem
2 France-UK-Ireland REM – TOPIC Summary Objectives Do differences in imbalance pricing arrangements by themselves distort trade ? Complement reciprocal access to balancing question Analysis Constructed hypothetical examples of imbalance pricing in each country, assuming same generation set and prices First view Clear that significant differences in price may exist Hence in principle distortions to trade might happen
3 France-UK-Ireland REM – TOPIC Questions for consultation Does the analysis capture the issues correctly ? Are any effects or market distortions material ? How might any such effects be ameliorated ? Are there any other factors / issues that we should consider ?
4 France-UK-Ireland REM – TOPIC Thank You Shaun Kent – Economist, European Affairs firstname.lastname@example.org