The Electricity Pool Status Update - England & Wales Retail competition began rollout in September Retail competition began rollout in September - profiling.

Slides:

Advertisements

Similar presentations

Trading Telecoms Bandwidth in Asia: A demonstration and explanation Paula Brillson, founder & Managing Director Hong Kong, 24 June 1999.

Advertisements

Permanent High Level Group meeting Athens, September 9 th, 2003 Towards a Standard Market Design for the SE Europe Electricity Market Prof. P. Capros,

2 nd Workshop MFG, , Bucharest The current status on the Market Design of the SEE REM and the way forward.

Position Paper Standard Market Design of the SE Europe Electricity Market 3 rd Athens Process Forum Sofia, October 2003.

July 2003 Structure of Electricity Distribution Charges Update and Proposals Martin Crouch Director, Distribution.

The Single Electricity Market in Ireland

EuroPEX Decentralized Market Coupling as the preferred cross-border method B. den Ouden, President of Europex APEx Annual Conference 2004 Leipzig, Germany,

ERGEG Public Hearing Brussels, 6 July 2006 Gunnar Lundberg Chair of the EURELECTRIC WG Wholesale Markets & Trading Vice Chair of the Markets Committee.

EU Implementation Programme Action TR1003: All to consider how to address EU developments going forward and send any identified issues to:

Integration of Physical and Financial risk in Australia’s National Electricity Market Les Hosking Managing Director and CEO NEMMCO.

The information in this presentation has been collated by ELEXON and while all due care has been taken to ensure the accuracy of this information, ELEXON.

FUI Electricity region: Update on Congestion management CRE SG Meeting - 3 December 2008.

Ent. 7, 12 Krasnopresnenskaya Embankment, Moscow, , Russia Administrator of Trading System (ATS) Russian Power Exchange.

KEY CONSULTATIONS an overview Louise Masters InnogyOne, Innogy UK Offshore Wind 2003.

MISO’s Midwest Market Initiative APEX Ron McNamara October 31, 2005.

Luis A. Camargo S. Wholesale Electricity Market Manager Colombia The Andean Electricity Market -TIE- Cartagena de Indias, October 14&15th

Bringing about beneficial change... POLICY DIALOGUE ON CORPORATE GOVERNANCE IN CHINA Presentation by Patricia Leahy, Director, UK National Audit Office.

The Kazakh Operator of Electric Power and Capacity Market

Walter Boltz, Vice-President CEER 20 th Madrid Forum September 2011 Gas Target Model State of play.

Recent Trends in Energy Regulation IEA-FTS of Russia Workshop on Global Energy Market Scenarios Paris, 28 May 2009 Kieran McNamara Country Studies Division.

Trading rules in Lithuania Giedrius Radvila Lietuvos energija AB 3 July 2006, Riga II MINI-FORA.

Copyright © 2002 Pearson Education, Inc. Slide 9-1.

1 Singapore Update Presented by Dave Carlson Chief Executive Officer 30 October.

1 Meeting the Regional Electricity Market Opportunities South East Europe Energy Week “Athens Forum” Meeting Rome, March 2003.

The information in this presentation has been collated by ELEXON and while all due care has been taken to ensure the accuracy of this information, ELEXON.

New Zealand & Australian Wholesale Electricity Markets A Comparative Review Dr Ralph Craven Transpower NZ Ltd.

North American Electricity Markets APEX Paris, France October 15-16, 2007 Kenneth Laughlin, PJM.

Gas & Power Coordination: Growing Pains in Time of Transition Mark Stultz, BP Natural Gas Supply Association OPSI Annual Meeting Chicago, Illinois October.

Industry forum Review of Electricity Trading Arrangements Sheldon Park Hotel 21 st November 2002.

An Overview of the Australian National Electricity Market Brian Spalding Chief Operating Officer.

Market Integration Project. Background –Single Electricity Market Organisation –EU Internal Energy Market –Context for Market Design Market Integration.

GB Electricity Market Reform: The implementation challenges ahead IAEE International Conference Stockholm, June 20 – Dorcas Batstone

A NEW MARKET PLAYER: THE AGGREGATOR AND ITS INTERACTION WITH THE CONSUMER interaction Ramón Cerero, Iberdrola Distribución Paris, June 9th 2010 ADDRESS.

Challenges for the SEM.  Day-ahead price coupling is a key feature of the final draft Framework Guidelines on congestion management issued by ERGEG in.

Power Exchanges in the extended EU The experience in Czech Republic APEx Conference 2004 October 11 th, Leipzig Miroslav Marvan Operator trhu s.

Title of presentation and date1 Energy Essentials for Cost Reduction NIPA 4 th October 2012.

21 Kolonaki Square, Athens, T: , F: , E: W: The Energy Community of South.

September 23, 2015 Sacramento, CA Frédéric DINGUIRARD PMR Expert Overview Presentation on Registry Procurement and Specifications Workshop “Building Registries.

© Copyright 2006 EFET The importance of common intra-day markets and balance settlement methods Hartmuth Fenn 2nd Northern Europe Electricity Miniforum.

SUMMARY OF THE IG DISCUSSION PAPER ON THE BALANCING IN THE BALTICS Aistija Zubaviciute, NCC Baltic Electricity Market Mini-Forum 23rd November 2006, Vilnius.

Energy Market Reform in Great Britain The evolution of a market.

System Operation Changes – Interaction with ELEXON APEx Conference: Leipzig October 2004.

1 Market Evolution Program Long-Term Resource Adequacy Regulatory Affairs Standing Committee Meeting May 14, 2003.

EMIG Electricity Market Investment Group Setting Payments Amounts for Output from OPG’s Prescribed Generation Assets OEB (EB ) September 15, 2006.

Is there a need for a change?

The Operation of the Electricity Markets Brent Layton Talk at EMA Central Electricity Forum 6 th April 2006.

Increasing integration of variable RES-E: Policy and regulatory measures for T&D networks Luis Olmos Pontificia Comillas University Madrid / Spain

Your Competitive Edge In Energy. Designing Liquid, Transparent, Reliable Wholesale Markets Nigel Evans Executive Vice President Head of Global Energy.

1 Regional electricity market Belgrade, 23. April Ljiljana Hadzibabic Council member Energy Agency of the Republic of Serbia.

Market Participant Experiences with Demand Side Bidding and Future Direction Linda Roberts, EA Technology Richard Formby, EA Technology.

Benoît Esnault (CRE) 17 th Madrid Forum 14 January 2010 Pilot framework guideline on capacity allocation mechanisms.

CT Electricity Retail Market Commercial – Industrial Update 12/14/2010.

BritNed Investing in interconnection capacity Damian Bach France-UK-Ireland Stakeholder Group meeting 4 th July 2008, Sellindge, Kent.

Illinois Wholesale Market Update December 10, 2003.

Power Trading Financial Markets Electricity. Triple Point Technology2 Current Situation… GenerationTransmissionDistributionConsumers.

All Island Single Electricity Market IWFA Update Laura Brien

©2003 PJM North American Markets Status APEx Seoul, Korea October 29-31, 2006 Kenneth W. Laughlin.

California Energy Action Plan July 17, Energy Action Plan Natural Gas Actions Status Report David Maul California Energy Commission Staff And Richard.

Linnfall Consulting Market design: the energy-only market model Linnfall Consulting September 2015.

Role Of ERC in the WESM To enforce the rules and regulations governing the operations of the WESM and monitors the activities of the Market Operator and.

1 Market Evolution Program Day Ahead Market Project Regulatory Affairs Standing Committee Meeting May 14, 2003.

Electricity Markets Simon Watson. Overview UK as exemplar The state-owned Electricity Supply Industry The Electricity Pool Hedging Your Bets! Deregulation.

Development and Implementation of a Coordinated Model for Regional and Inter-Regional Congestion Management Development and Implementation of a Coordinated.

ERRA Workshop on Regulatory Monitoring of the Electricity Sector Almaty, Kazakhstan, January 31 – February 2, Improvement of market relations in.

Interconnector Physical Notification submissions following XBID (Cross Border Intra Day) market implementation; the cross border gate closure definition.

SEM & Target Model Update 22 nd FUI Implementation Group Meeting London, 30 September 2011.

Electricity Markets Simon Watson.

The Work Programme Tuesday 7th September 2010

Mod 14: Foreign Exchange Rate

Electric Service for Residential and Small Business Customers

Presentation transcript:

The Electricity Pool Status Update - England & Wales Retail competition began rollout in September Retail competition began rollout in September - profiling based settlement - profiling based settlement - 14 month final reconciliation - 14 month final reconciliation - “Retailer-hub” commercial framework - “Retailer-hub” commercial framework Major review of market initiated by government Major review of market initiated by government - bilateral contract based trading arrangements - bilateral contract based trading arrangements - centralised control - centralised control - 2 year £500 million programme to implement - 2 year £500 million programme to implement

The Electricity Pool Key Issues - England & Wales Form of new Trading Arrangements - especially balancing market Form of new Trading Arrangements - especially balancing market Demonstration / evaluation of benefits - key concerns regarding liquidity, transparency, security of supply Demonstration / evaluation of benefits - key concerns regarding liquidity, transparency, security of supply Governance of new market - central control via NGC Governance of new market - central control via NGC Vertical integration Vertical integration

The Electricity Pool Parallel Markets Forwards and Futures Settlement Day Ahead Auction Settlement Short term Bilateral Market Settlement Balancing Market Settlement Ancillary Services Capacity Options? ResidualSettlements

The Electricity Pool Trading Electricity - Today Risk Management Spot Market Delivery DespatchTransmission Settlement Special Issues LiquidityTiming (generator flexibility) Real time balancing Shared, constrained capacity Mutual risk of disconnection 14 month reconciliation Today Bilateral contracts: EFAs, CfDs NGC licence Pooling and Settlement Agreement (the “Pool”)

The Electricity Pool Trading Electricity - Proposed Risk Management Spot Market Delivery DespatchTransmission Settlement Special Issues LiquidityTiming (generator flexibility) Real time balancing Shared, constrained capacity Mutual risk of disconnection 14 month reconciliation RETA Forwards, Futures Balancing and Settlement Code/NGC licence Short Term Bilateral market

The Electricity Pool Proposed Governance ImplementationEnduring OFFER / DTI Development and Implementation Steering Group Expert Groups Informal structure Reliance on NGC and other providers OFFER NGC Balancing and Settlement Code Panel Service Providers Balancing and Settlement Code - advice from Panel - authority via NGC licence NGC breakup?

The Electricity Pool Vertical Integration 49.5% 42% 11.5%