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Regional electricity market
Janez KOPAČ,Director Energy Community Secretariat
Conference in Belgrade, April 25th, 2013
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AT A GLANCE
1. Geografic scope2. From theory to praxis
The legal parameters – 2nd and 3rd IEM Package Electricity Target Model for the 8th Region Reality check – status quo, open challenges, outlook
3. Conclusions
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EU electricity trading regions
Baltic Central East Central South Central West Northern
South West UK-F-IRL
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GEOGRAPHIC TARGETEnergy Community vs 8th Region
8TH REGION
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FROM THEORY TO PRAXISElectricty Wholesale Market Opening in the 8th Region
Legal parametersTheoretical
implementation model
Implementation in praxis
2nd and 3rd IEM package
SEE Target Model on
WMO
Jointly developed by ECRB and
ENTSO-E
Streamlined with EU electricity target model
(different deadlines)
The formal framework for WMO in the 8th Region exists
already – political committment for real
implementation is lacking
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REALITY CHECK – 1.Electricty Wholesale Market Opening in the 8th Region
SEE WMO RAP Deadline & responsibility
Done? Developments
1. Capacity calculation- Harmonized methodologies/
procedures for capacity calculation (yearly / monthly / day ahead)
Q1 2011ENTSO-E SEE RG
NO
2. Long-term allocation- Coordinated bilateral explicit
auctions implemented on all borders within the SEE region
- Multilateral coordinated auctions on several borders (NTC-based)
- Centralized auctions via SEE CAO (NTC based in a first step)
- Multilateral coordinated auctions on all borders (regional one stop shop)
Q1 2012TSOs, Ministries,
NRAs
Q3 2012TSOs, Ministries,
NRAs
Q4 2012TSOs, Ministries,
NRAs
Q4 2014ENTSO-E SEE RG
NO
PARTLY
NO
Yearly 2014 capacities expected to be auctioned by SEE CAO end 2013
But: Serbia, Bulgaria missing
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CAPACITY ALLOCATIONStatus Quo 8th Region
Source: ECRB, Quarterly Report on the 8th Region, Q1 2013
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REALITY CHECK – 2.Electricty Wholesale Market Opening in the 8th Region
SEE WMO RAP Deadline & responsibility
Done? Developments
3. Day ahead allocation- Establishment of power exchanges
in several SEE countries or contracting services from the existing PX
- Bilateral/ trilateral market coupling in SEE region
- Price based market coupling (EU target model) in entire SEE region
- Pan-European market coupling including the SEE region
31.12.2011 the latestNational
Q2 2012Q4 2014
ECRB, PHLG, ENTSO-E RG SEE
Q2 2015
NO
NO
Developemnts in Croatia establishment of a PX,
a new law in Serbia from Dec 2012 - activities of EMS are not known yet
4. Intraday allocation -on several borders -harmonised regional solution
Q2 2014 TSO’s
Q2 2015 ENTSO-E RG
NO
5. Balancing 2013 NRA’s, ECRB NO SEE balancing target model
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TO DO LIST
1. Enforced committed is needed To abolish barriers for WMO To complete the missing pre-conditions
2. Swift transposition and implementation of the 3rd package3. Adoption of EU Network Codes
Active participation of Energy Community NRAs and TSOs in Network Code preparations crucial!
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PROPOSAL FOR AN ACTION PLANACTION TIMING MILESTONES
REGIONALCapacity calcuclation1. TSOs to agree on common capacity
calculation methodology2. Streamlining as much as possibile with
CW/Nordic model3. Regional PX
asap but by end of 2013 the latest
In parallel with PX progress
Long term allocationsSEE CAO PTC to allocate yearly capacitities for 2014
asap but by end of 2013 the latest
- Project Team Company to develop relevant documents
- NRAs to approve- Serbia to join it
BalancingDevelopment of a regional balancing model
End 2013 / early 2014 (ECRB Work Program)
LEGAL - NATIONAL
Day ahead1. Establishment of a Serbian or better
regional PX2. Other CPs to either also establish a PX
or sign service contracts with
asap but by end of 2013 the latest
Market models1. Phasing out of regulated energy prices- WMO- End-users2. Aboloshment of single buyer models
asap Single buyer models: Albania, Ukraine, Kosovo*, FYR of Macedonia
(* This designation is without prejudice to positions on status, and is in line with UNSCR 1244 and the ICJ Opinion on the Kosovo declaration of independence.)
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Recommendations of ECS from June 2012 (1) All Contracting Parties to ensure that eligibility is defined in line with
Article 21 of Directive 2003/54/EC, i.e. as the full and unconditional right to choose a supplier for all non-household customers. This requires in particular:
(a) a clear and compliant definition in primary law; (b) the removal of all conditions and requirements other than the status of
being a non-household customer, including references to voltage levels or electricity consumption;
(c) the removal of all administrative obstacles to exercising eligibility such as discretionary or conditional approval by regulatory authorities or market operators, registration requirements, etc.;
(d) ensuring that the right to switch supplier can be exercised continuously (not only by one particular reference date) and swiftly;
(e) the inclusion of resellers in the category of eligible customers, including public suppliers and suppliers of last resort, and the removal of all explicit or structural barriers for them to exercise their eligibility.
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Recommendations (2)
All Contracting Parties to ensure that the electricity prices for all customers falling within the category defined for the purposes of universal service provision in the first sentence of Article 3(3) of Directive 2003/54/EC (“households and small and medium enterprises”) subject to price regulation are cost-reflective.
All Contracting Parties to ensure the cost-reflectivity of network tariffs.All Contracting Parties to define clearly and through legislation the public
service objectives pursued by price regulation as well as the notions of vulnerable customers subject to special protection or support.
All Contracting Parties to ensure that the electricity prices for all customers not falling within the category defined for the purposes of universal service provision in the first sentence of Article 3(3) of Directive 2003/54/EC (“large customers”) are not subject to price regulation .
All Contracting Parties to ensure that the market design does not impede the goals of market opening and price reforms. To that end, the possibility for public supply must be limited to small customers and may not impede eligibility. Furthermore, there must be no legal obligation for the public supplier to buy exclusively from one single generation company or wholesale supplier.
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Acronyms CA(M) – Capacity Allocation (Mechanism) CM(P) – Congestion Management (Procedure) IEM – Internal Energy Market PX – power exchange RAP – regional Action Plan SEE – South East Europe WMO – wholesale market opening
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THANK YOU FOR YOUR ATTENTION!
QUESTIONS?
CONTACT:
Janez Kopač
Director Energy Community Secretariat
Janez.kopac@energy-community.org
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Influence of coupled markets on prices