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GRI North-West Meeting
State of play and (future) functionalities of the PRISMA capacity platform
27 November 2013
07/11/2013 | Chart 2
After only 1 year the early CAM implementation1 by PRISMA started successfully on 1 April 2013…
Application of the uniform-price auction
algorithm
First DA auctions
1 Apr 2013
Registration start for shippers in order to
prepare April 1st
Registration start
20 Feb 2013
Platform go-live step by step. From idea to launch in less than a year.
Application of the ascending-clock auction
algorithm
First monthly auctions
15 Apr 2013
Application of the ascending-clock auction
algorithm
First yearly auctions
6 May 2013
1 – Early implementation of CAM NC was asked and encouraged by ACER and European Commission
07/11/2013 | Chart 3
PRISMA has implemented almost all of the NC CAM requirements. Two years ahead of time.
Capacity products- Bundled products between hubs- Unbundled products- Products as defined in the CAM Network code- Firm & Interruptible
All products available on one platform: PRISMA European Capacity Platform
Allocation – Auction mechanisms as described in the NC CAM
• Uniform price auction: day-ahead products• Ascending clock algorithm: monthly, quarterly and yearly products
The platform can also handle regional specificities, ensuring that European TSOs comply with their national regulation until NC CAM comes into force.
www.prisma-capacity.eu
07/11/2013 | Chart 4
Beyond the future European requirements, PRISMA also provides additional services to TSOs and Shippers…
Centralised shipper and user registration on the platform
First-come-first-served booking at domestic points
Surrender of capacity
Conversion of interruptible into firm capacity
Multiple kinds of firm capacity, multiple interruptible levels
Competing capacity
1:n bundling
Credit limit check
Booking assignment to balancing groups and portfolios
Automated interface to deal capturing systems of shippers
Comfort functions for automated bidding
With a high number of state-of-the-art functionalities, the PRISMA platform provides an advanced way to fulfil the EU requirements.
07/11/2013 | Chart 5
PRISMA has already reached significant acceptance and utilization in the market.
303 shippers with more than 900 users are using the platform to book transport capacity across European borders.
More than 28,000 auctions have taken place since the platform start
PRISMA held a public consultation on the platform functionalities and new GT&Cs. The public consultation ended on 16 September 2013 and an evaluation is currently being prepared. The evaluation will be published in Mid December along with the final version of the new GTCs.
The majority of the European shippers are using PRISMA daily to buy capacity.
07/11/2013 | Chart 6
Since PRISMA’s start, platform operations have been secure & stable with a large number of auctions taking place…
Capacity Auction Results:
Yearly Capacity (243 auctions):- Offered: 571.3 GWh/h/y- Allocated: 172.2 GWh/h/y
Quarterly Capacity (364 auctions):- Offered: 932.4 GWh/h/q- Allocated: 21.0 GWh/h/q
Month-Ahead Capacity (587 auctions):- Offered: 1,474.6 GWh/h/m- Allocated: 37.9 GWh/h/m
Day-Ahead Capacity (26,883 auctions):- Offered: 53,563.1 GWh/h/d- Allocated: 1,328.0 GWh/h/d
07/11/2013 | Chart 7
Country / TSO(s) currently discussing with PRISMA to become involved in PRISMA as shareholder and/ or using the platform for a pilot project
Country / TSO(s) already part of PRISMA
Pilot Project
Our view
From Jan. 2014, National Grid (UK),
Gaslink (Ireland) will become PRISMA
shareholders PRISMA is currently in discussion with
two further TSOs concerning a
participation from January 2014 We foresee that in 2014 and 2015
several further EU countries / TSOs
will join PRISMA as shareholders Some TSOs may start auctioning
capacity via pilot projects
Current discussion with TSOs
07/11/2013 | Chart 8
In the following months PRISMAs current features will be extended and continuously improved…
CAM NC requirements
Special national requirements
Market, shipper and
regulatory demands
Integration of further TSOs
systems with the platform
back-end system
The PRISMA platform will be further extended based on:
07/11/2013 | Chart 9
In the following months PRISMA will provide further features to connected TSOs and Shippers…
Integrated secondary functionality on the platform
Secondary functionality to be launched in January 2014
First two shipper trainings were held in Brussels and Vienna
Further Workshops in Milan in December as well as in Feb/Mar in Brussels and Paris
Multi-currency trading
Launch of multi-currency currently foreseen for 2014
Within-Day
Launch of within-day is foreseen
While ensuring stable operations of the PRISMA platform, PRISMA also continues the further platform development to fulfil both European and TSO
individual requirements.
07/11/2013 | Chart 10
JOINT PRISMA
PLATFORM
capsquare
TSO booking platforms
PRISMA secondary
From January 2014, primary and secondary capacity will be available through one single platform.
07/11/2013 | Chart 11
PRISMA Public Consultation
The questionnaire was sent to the
then around 850 users (290 shippers)
of the platform
25 companies, coming from different
European and non-European
countries, sent responses on the
questionnaire
One European Association of Traders
also took part in the consultation
07/11/2013 | Chart 12
Main Results of the Consultation Process
PRISMA website / Transparency & Usability:- Users consider the PRISMA platform a secure tool to buy capacity- Ease of navigation has been identified as a topic to be addressed by some users.
PRISMA will internally evaluate how to improve this aspect. Support
- The helpdesk was considered friendly and helpful in solving the user’s problems- Some users suggested that it may be useful to extend the support hotline to 20:00.
PRISMA will evaluate whether such an extension of the hotline times may be useful.
Communication- The overall communication was well evaluated
GTCs- The GTCs as well as the respective communication was considered good and no
comments were raised asking for urgently needed improvements.
07/11/2013 | Chart 13
Back up
07/11/2013 | Chart 14
Number of Bundled Auctions that Ended with a Surcharge
Since the start of the PRISMA platform in April 2013, 63 out of 5,454 bundled auctions ended with a surcharge.
3
1
453
1
1Oberkappel
Eynatten
Lasów
Mendelsheim/Obergailbach
Zelzate
Blaregnies/Taisnières
X Number of concluded auctions with a surcharge X Xentry exit
07/11/2013 | Chart 15
Number of Unbundled Auctions that Ended with a Surcharge
Since the start of the PRISMA platform in April 2013, 29 out of 22,614 unbundled auctions ended with a surcharge.
1
1
13
3
11
32
1
Oberkappel
Arnoldstein
Drohne
EmdenEllund
Oude Statenzijl
Mendelsheim
Überackern
Wallbach
X Number of auctions with a surcharge (entry) X Number of auctions with a surcharge (exit)
3
07/11/2013 | Chart 16
Offered and allocated yearly capacities
13/14 14/15 15/16 16/17 17/18 18/19 19/20 20/21 21/22 22/23 23/24 24/25 25/26 26/27 27/28 28/29 29/30 30/31 31/320
20
40
60
80
100
120
140
160
180
6.94
4.41
2.71
1.59
1.59
1.59
1.59
1.59
1.59
1.64
16.5
4
16.5
4
16.4
9
16.4
9
16.4
9
16.4
9
16.4
9
16.4
9
14.9
5
offered allocated
Gas Year
Cap
acit
y in
GW
h/h
07/11/2013 | Chart 17
Offered and allocated quarterly capacities
Q1 Q2 Q3 Q40
50
100
150
200
6.58 9.27 2.26 1.74
offered allocated
GW
h/h
Q1 Q2 Q3 Q40
20
40
60
80
0.00 0.32 0.42 0.42
offered allocated
GW
h/h
Q1 Q2 Q3 Q40
2
4
6
8
10
offered allocated
GW
h/h
27.0
5.13
29.0
5.13
04.0
6.13
07/11/2013 | Chart 18
Offered and allocated month ahead capacities
Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-130
50
100
150
200
250
3.72 3.92 5.13 6.94 4.62 3.71 9.80
offered allocated
GW
h/h
07/11/2013 | Chart 19
Offered and allocated day ahead capacities
Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 Oct-13 Sum0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
0
2
4
6
8
10
12
allocated capacities offered
Off
ered
cap
acit
ies
in G
Wh
/h
All
oca
ted
cap
acit
ies
in G
Wh
/h