1. Gas Regional Initiative – North West Region Bonn 28 April 2009 Fiete Wulff Capacity Project C1 Short-Term Capacity (STC) Operators’ Group Update

2. 2 Capacity Project – C1 Short-Term Capacity (STC) Bonn, 28 April 2009 Goal and Approach Context  Improve capacity situation at cross-border points in the region  Facilitate short term primary capacity allocation and establish short-term firm primary capacity market  Increase liquidity at trading hubs Approach  Questionnaire to TSOs on possibilities to release additional day-ahead capacity  Draft report available  Further detailed analysis prepared by TSOs and shippers  Initially as a pilot at BOS und Eynatten

3. 3 Capacity Project – C1 Short-Term Capacity (STC) Bonn, 28 April 2009 First Core Group Meeting Technically, possibilities to release short-term capacity exist  TSOs have highlighted that the amount is currently not known and could be limited, while the efforts and costs would potentially be rather high Restriction of re-nomination rights as possible quick-win solution for a short-term capacity market  Some concerns regarding implications Further analysis on the prerequisites of establishing a short-term firm primary market is necessary  TSO paper regarding possibilities to calculate reserve/spare capacity and to offer short-term firm capacity to the market.  Shippers’ paper regarding possibilities to restrict re-nomination rights

4. 4 Capacity Project – C1 Short-Term Capacity (STC) Bonn, 28 April 2009 Next steps Today  Discussion of homework prepared by TSOs and shippers  Discussion on possible project Next steps  Draft Implementation Manual by early June  Core Group Meeting in June  Presentation of status at SG on 9 June in Paris  Discussion by Operators Group and RCC  Initiate pilot