Presentation on theme: "European Federation of Energy Traders 1 8th SG meeting ERI South-West Europe 6 th October 2014, Madrid."— Presentation transcript:
European Federation of Energy Traders 1 8th SG meeting ERI South-West Europe 6 th October 2014, Madrid
2 Single nomination of IFE LT Transmission Rights EFET welcomes the possibility of single nomination of Transmission Rights. This possibility should be applied in all timeframes. Any nomination of capacity (to TSOs) should be independent from the energy market transactions (through PXs or OTC).
3 Intraday hybrid model EFET strongly requests the implementation of ID continuous trading model (IDC) with a direct nomination to the TSOs as soon as possible and this is the preferred model. Auctions in the ID market must not affect the IDC operation, namely, the allocation of the capacity in the borders and firmness of IDC transactions, and must be voluntary. EFET also asks the Implementation Group for analyzing a possible transitory solution to move the present Iberian ID model (6 auctions, closing around H-4) closer to Real Time operation. EFET supports a model with a voluntary Opening Auction to trade the energy linked to the Ancillary Services allocated by the TSOs before starting the IDC. Any further auction when IDC is already working, should not interrupt the IDC, nor allocate interconnection capacity and must be voluntary.
4 BALIT & TERRE BALIT has been a relevant improvement in the development of cross-border balancing mechanisms, but still with very few transactions. EFET suggests a pilot project of a BSP-TSO model (alongside the TSO-TSO model). TERRE project has to define the new balancing products according to the BC Network Code: Replacement Reserve Manual Frequency Restoration Reserve Greater degree of stakeholder involvement needed