Transparency in the Central West Electricity Regional Energy Market

Office of Energy Regulation (DTe)

MINI FORUM 20-06-2006

Paul Giesbertz

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SCOPE OF TRANSPARENCY ISSUE

SCOPE– MARKET – MARKET– TSO – MARKET– REGULATORY AUTHORITIES – MARKET?

TRANSMISSIONSYSTEM OPERATORS

REGULATORYAUTHORITIES

MARKETPARTICIPANTS

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Current initiatives & developments

Roadmap (B, F & NL): harmonized transparency ‘wish-list’

Guidelines for Good Practice (GGP) on Information

Management and Transparency in Electricity Markets

Congestion Management Guidelines: new transparency

requirements on TSOs (implicitly also on market particpants)

Market initiatives: EEX/main German producers,

APX/Eurelectric/EnergieNed,….

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ROADMAP B, F and NL: transparency goal

1-8-2006: regulators will publish of transparency ’wish-list’ containing detailed transparency items

List to be interpreted as a target level of transparency to be implemented by the three countries

List is based on best practices in the three countries as well as best practise/wishes mentioned by contributors of the roadmap consultation

TSO – TSO transparency in order to enhance capacity calculation two routes:

– Publication of more details on cross-border lines in general (available for market participants as well as neighbouring TSOs)

– Exchange of confidential information between TSOs needed to perform adequate capacity calculation (issue on pentalateral forum)

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ERGEG’s Guidelines of Good Practice

Draft Guidelines are being finalized regarding: – System Load - Load per Control Area – Transmission and Access to Interconnections – Generation– Balancing– Information from the Wholesale Markets

The Guidelines:– Set out ERGEG’s views on the required level of transparency that shall at the

minimum be in place across the European market;– Are intended to give a minimum set of rules required for the organisation of

information and its dissemination across the European market;– Set out general principles governing information release, either through

publication or through information released to market participants on request.

The public consultation was held between 15th March 2006 and 10th May 2006

Future steps (foreseen at this moment):– Advice to the EC – Consider practical and immediate implementation possibilities within the

ERGEG Regional Initiatives.

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Congestion Management Guidelines

New binding legislation under Regulation 1228/2003

Formal adoption will take place after the holiday break

Chapter 5 transparency: new transparency requirements on TSOs

and implicitly on market participants Directly binding after formal adoption A selection of the additional transparency requirements:

– TSOs shall publish all relevant data related to network availability, network

access and network use– TSO shall publish as closely as possible to real time: aggregated realised commercial

physical flows, by market time unit, including a description effects of any corrective

actions taken by the TSOs curtailment) for solving network or system problems;– TSOs shall publish ex-ante information on planned outages and aggregated ex-post

information for the previous day on planned and unplanned outages of generation units

larger than 100 MW.– The TSO shall publish the relevant information on forecast demand and on

generation according to various timeframes. The TSO shall also publish the relevant

information necessary for the cross-border balancing market.

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Transparency Objectives CWE REM

Implementation roadmap

Common ‘wish-list’ for the whole region

Market initiatives–Which initiatives exist?–Advantages/disadvantages self regulation?–Need for extension?