1. 26th IG meeting 23th January 2014
Enagás, REN and TIGF
Issues to be discussed
26th IG meeting
23th January 2014

2. Index Capacity figures to be offered in March.
Transfer existing contracts to the VIP.
Definition of large and small price steps for each type of product.
Documents to upload by TSOs.
How to offer the capacity when interruptible capacity is offered on one side and on both sides of the border.
Unbundled capacity sale
Secondary market: when and where trades will take place, public information.
Stakeholders’ information

3. 1. Capacity figures to be offered in March
Presented in a specific document

4. 2. Transfer existing contracts to the VIP
At the Spanish-French border, Enagás and TIGF agree to transfer existing contracts at physical IPs to VIP. This will imply that as from October 2014 for commercial and operational purposes the physical IPs will no longer exits. This will not imply that existing contracts have to be bundled.
ENAGAS
TIGF
Decision required
YES NO
At the Spanish-Portuguese border, Enagás will also transfer existing contracts at physical IPs to VIP without bundling existing contracts. As to the contracts signed with REN, there are no contracts to be transferred to the VIP, since no capacity is booked beyond 30 September. Capacity for the next gas year starting October 2014 will already refer to the VIP.
ENAGAS
REN
Decision required
YES
N.A. NO

5. 3. Definition of large and small price steps
According to the CAM NC two different price steps should be defined: one called “large price step” and the other one called “small price step”:
Large price steps:
Large price steps will be the sum of 5% of the corresponding regulated tariff for each.
Small prices steps:
PRISMA booking platform sets, as a default rule, that small price steps are 20% of the large price steps. In principle, TSOs will follow this default rule for all products (yearly, quarterly and monthly)
However, under common agreement, TSOs can inform the NRAs of different price increments envisaged at the latest one month before the start of the relevant auction. NRAs will have one week to oppose the TSOs’ proposals if deemed necessary.

6. 4. Documents to upload by TSOs
ENAGAS
Coordinated implementation of the Network Code on Capacity Allocation Mechanisms (with TIGF).
Coordinated implementation of the Network Code on Capacity Allocation Mechanisms (with REN).
REN
Coordinated implementation of the Network Code on Capacity Allocation Mechanisms
Standard capacity contract – general terms
TIGF
No documents to be uploaded on Prisma

7. Opinion on how to offer capacity
How to offer the capacity when interruptible capacity is offered on one side and on both sides of the border.
Capacity
Opinion on how to offer capacity
Decision required
SIDE 1
SIDE 2
REN
ENAGAS
TIGF
Firm
Bundled NO
Interruptible
Unbundled
YES

8. 6. Unbundled capacity
At both the Spanish-French border and the Spanish-Portuguese border, Enagás, TIGF and REN will offer all the available capacity (bundled and unbundled) at the VIP.
Where capacity will be offered
REN
ENAGAS
TIGF
Decision required
Bundled capacity
VIP NO
Unbundled capacity

9. 7. Secondary market
For the year 2014, TSOs will put in place a coordinated procedure to allow shippers to trade their bundled capacity in the secondary market:
The capacity allocated in the auction is allowed to be transferred by the primary holders to other users in the secondary markets.
Primary holders will be able to transfer the total allocated capacity or part of it, and for the total or partial duration of the period for which it was allocated in the auction, starting the first day of a calendar month and for a complete number of calendar months.
However, capacity traded in the secondary market must remain bundled and allocated at the VIP.
To that aim, capacity trades on the secondary market will only be accepted by TSOs if performed in both cross-border systems, at the same time, for the same amount of capacity and period, referred to the VIP and if transferred to the same Shipper.
Once there is a secondary booking platform, TSOs will have the opportunity to use this functionality.

10. 8. Stakeholders´ information
Proposed calendar
3 February:
Publication of the annual capacities on PRISMA and on the TSOs webpages.
February:
Publication of the relevant documentation and regulation
Documentation by TSOs
Coordinated implementation of the Network Code on Capacity Allocation Mechanisms between cross-border TSOs, which includes the detailed rules and capacities
Standard contract

11. Thank you for your attention!