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_________CASC.EU

Intraday Forum_________

ROME, March 13th, 2012

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CASC.EU SA – General information

• Incorporated on October 1st, 2008• Located in Luxembourg• Operations started: Nov 28th 2008– Explicit Auctions (Y/M/D)– Clearing and settlement towards MPs and congestion

rent distribution to the TSOs– Service provider to the TSOs regarding Market coupling

• Since November 10th 2010; 12 shareholders– Netherlands, Belgium, France, Italy, Greece, Slovenia,

Austria, Switzerland, Germany (3), Luxembourg

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Activities and services offered by CASC.EU 1/2

• Services provider to the TSOs

• Explicit Auctions– Long term, Daily and Intraday auctions

• Clearing and settlement of auctions

• Market Coupling services– Post-coupling and Publication– Collection and distribution of congestion revenues to TSOs

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Activities and services offered by CASC.EU 2/2

• Registration of Auction participants

• Publication of all relevant information

• TSOs will remain responsible for:– Auction rules– Contacts with the regulators– Calculating available capacities

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Working area CASC.EU

CWE and DE<>DK1 LT AuctionsITVC Shadow Auctions

CSE Borders

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SNB Borders

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Intraday Auctions

• New set of Auction Rules for Intraday Explicit auctions

• Borders covered: IT<>FR, IT<>CH, IT<>SI and IT<>AT

• Consultation:– Under consultation until March 16th 2012.– Available on CASC.EU website– Comments and feedback • Feedback.auctionrules@casc.eu

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Intraday Auctions - General Information

Auction Products

Intraday D-1 (XBID1)

23 / 24 / 25 Positions 00:00 – 23:00 / 24:00 / 25:00 Run in the afternoon on D-1 No UIOSI , UIOLI No secondary market

Intraday D (XBID2)

8 Positions 16:00 – 24:00 Run in the morning on D No UIOSI, UIOLI No secondary market

Borders

1. IT<>FR2. IT<>CH3. IT<>SI4. IT<>AT

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Intraday Entitlement

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Traders’ Auction Tool

• Presentation of IT tool using screenshots

• http://www.casc.eu/en/EXAU-System

• Publication on CASC.EU website

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Login page

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Home page

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Auction display - Intraday

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Bid Screen

Possibility to Copy/Paste from Excel

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Acknowledgements

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Auction Results

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• Financial Guarantees checked during Bidding Period – before marginal price is known

• During the Bidding Period:– We check: (bidn x pricen ) ≤ Financial Guarantee

• If bid amount exceeds Financial Guarantees then bid is rejected

Financial Guarantee Check – Intraday Auctions

Bidding End

Clearing Period

Bidding Start

Bidding Period

Allocation Results

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CASC.EU - Auction Specification

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CASC.EU – Auction Results

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Registration with CASC.EU

• Required registration documents– Declaration of Acceptance for Intraday (DoAI)– Participant Financial Agreement (PFA)

• Registration of traders

• Registration Documents available on http://www.casc.eu/en/Resource-center/CASCEU

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Registration Documents

• New market participant– DoAI – PFA• Opening of a dedicated bank account by CASC.EU

• Already registered party– DoAI

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1. Market Participant fills in all required forms and documents2. Forms and documents are sent electronically as a scan to

CASC.EU3. CASC.EU will approve that the documents are complete OR

will request corrections where needed4. Documents are sent to CASC.EU in paper form5. CASC will register Market Participants in the auction tool and

will provide the Market Participant with the bank account information to deposit the financial guarantees

Process of Registration

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• Parties may register up to 10 user for all CASC.EU areas who will have access to the system

• 1 Settlement Viewer profile – Settlement results view only

• 2 contacts – no access to the system

• If the form is updated, then we need the complete list of 10 users which should replace the currently registered users

Trader and Contact Form

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Training for Market Participants

• Depending on the necessity a Training of EXAU system can be organized in May

• Information will be published on CASC.EU website

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Thank You for Your Attention

Questions and answers