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Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert...

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Nemo Link Intraday Launch Brussels 23 rd October 2019
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Page 1: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday LaunchBrussels

23rd October 2019

Page 2: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 2

Agenda

Nemo Link’s Journey since Go-live

Intraday Development and Business Process

Auction Platform (eCAT) demonstration

Nomination Platform (RNP) demonstration

Nomination process in Belgium

NGESO Trading

Brexit Preparation

Page 3: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Opening address

Bert Maes, CEO

Nemo Link Intraday Launch Workshop - 23rd October 2019page 3

Page 4: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

page 4

Operational Performance

Martin Croucher, Operations Director

Page 5: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Year to Date Availability 95%

Nemo Link Intraday Launch Workshop - 23rd October 2019page 5

Page 6: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Safety and Environment

Nemo Link Intraday Launch Workshop - 23rd October 2019page 6

⚫ Continued high focus on safe operation of

the link

⚫ Zero Lost time injuries since start of

operation

⚫ No reportable environmental issues

⚫ Recent outage involved 130 people working

across both countries.

➢ Delivering over 6000 Manhours of work in 88

hours

Page 7: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Operations Team

Nemo Link Intraday Launch Workshop - 23rd October 2019page 7

⚫ In place and trained for Commissioning

⚫ 24/7 Control Room at Richborough

⚫ Supported by a team at Herdersbrug

⚫ O&M contracts in place

⚫ Processes and procedures developed and tested

⚫ Alignment across Operations and Commercial teams

Page 8: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Availability since Go-Live

0

10

20

30

40

50

60

70

80

90

100

February March April May June July August September

Monthly Availability

Monthly Availability 2019

100% 94.81% 98.92% 99.10% 74.80%

Nemo Link Intraday Launch Workshop - 23rd October 2019page 8

99.76% 99.06% 87.78%

Page 9: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 9

Issues affecting availability

⚫ Valve halls at both Converter sites

⚫ Gas Insulated switchgear at Herdersbrug

Page 10: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Target availability for 2020 is 97.50%

Nemo Link Intraday Launch Workshop - 23rd October 2019page 10

Page 11: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Market Developments

Nemo Link Intraday Launch Workshop - 23rd October 2019page 11

Peter Oosterwijk, Product & Services Manager

Page 12: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 12

Nemo Link flow from the start until now

Page 13: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ BE has settled higher than GB in only 4 months in the past 5 years.

⚫ Flow towards Belgium mainly occurs during winter months, whereas February was unusually

warm and March was more windy than normal.

⚫ In the summer GB usually settles at gas level, whereas the Continent is better supplied at

lower price levels.

Nemo Link Intraday Launch Workshop - 23rd October 2019page 13

Flow towards GB

Page 14: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 14

2 year trend of capacity value for monthly products

Due to decoupling

event

Page 15: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 15

Falling spreads GB-BE due to falling gas price

Page 16: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 16

Falling spreads GB-BE due to rising emission price

Page 17: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ On 7 May we held our first monthly auction, for June-19.

⚫ More monthly auctions have followed since

⚫ Auction cancellation or low volumes➢ Brexit uncertainty

➢ Low spreads

➢ Delivered spread after losses ‘structurally’ at or above auction price.

– Auctions can work as a revenue hedge.

– In case of outages/incidents, no income, but reward payments continue.

⚫ Quarterly and yearly products are scheduled:➢ Q1-19: 11-12 November

➢ Cal 20: 2-3 December

⚫ Number of players ➢ 29 participants in total that have bid in Nemo Link’s auctions

➢ 21 participants have won capacity

Nemo Link Intraday Launch Workshop - 23rd October 2019page 17

Nemo Link Long term auctions

Page 18: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 18

Monthly explicit auction price vs day ahead settlement

Page 19: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ In general very similar to the 2019 calendar.

⚫ Monthly, quarterly and yearly products.

⚫ All auctions are scheduled to end on the first or third Tuesday of a month.

➢ Except the ones ending on Tuesday 21 July.

⚫ With less Brexit uncertainty it should become easier to create a fixed strategy.

⚫ Winter period coming up with nice volatility potential.

⚫ Yearly auction for cal 2021 expected to be earlier in the year.

Nemo Link Intraday Launch Workshop - 23rd October 2019page 19

Auction calendar 2020

Page 20: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Intraday Development

document title 9pt page 20

Andrew Deeley, Business Development Manager

Page 21: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 21

What will I be covering….

1. The Big Reveal…

2. Background

3. Project Overview

4. Considerations & Challenges

5. FAQs

Page 22: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

The first Nemo Link intraday auction is expected to open at….

Thursday 14th November at 09.30am CET

Nemo Link Intraday Launch Workshop - 23rd October 2019page 22

Go-Live Date!

Page 23: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 23

So what else has happened on this momentous day?!

Page 24: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 24

What will I be covering….

1. The Big Reveal…

2. Background

3. Project Overview

4. Considerations & Challenges

5. FAQs

Page 25: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 25

Background – how have we arrived here?

July ‘18 Jan‘19

March ‘19

Sep ‘19

XB

ID g

o-l

ive

via

wa

ve 3

Q12020

Nov ‘18

Focus on “business readiness” aspects – contracts, systems, processes, products, customers

Commissioning process

Go-live with Day Ahead Implicit product

Hard Brexit / out of IEM?

GB wide implementation of XBIDNo

Nemo Link implementation of explicit intraday product via JAO

Exp

licit

ID

go

-liv

eYes

Auction and allocation of explicit long term products via Single Allocation Platform / Joint Allocation Office

Page 26: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ We recognise the need and value to provide an intraday product in terms of:

➢ Customer feedback

➢ Regulatory feedback

➢ Allowing onshore TSOs the ability to manage flows on a closer to real time basis

➢ Providing the wider market the ability to trade/flow physical energy closer to real time

⚫ Within 10 months of go-live, we are now offering the entire suite of timescales to the market –

something we are fairly proud of.

⚫ We are still committed to XBID, pending Brexit outcomes.

Nemo Link Intraday Launch Workshop - 23rd October 2019page 26

Background – so what does this mean?

Page 27: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 27

What will I be covering….

1. The Big Reveal…

2. Background

3. Project Overview

4. Considerations & Challenges

5. FAQs

Page 28: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 28

How have we structured the project?

TSO Engagement

Systems

Processes

Regulation

Contracts

Customers

Page 29: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 29

What will I be covering….

1. The Big Reveal…

2. Background

3. Project Overview

4. Considerations & Challenges

5. FAQs

Page 30: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 30

Considerations and challenges during the project…

Capacity Calculation Customer Feedback Access Rules

01 02 03

040506

System InteractionOvernight SupportContinuous Improvement

Page 31: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Intraday Design

Nemo Link Intraday Launch Workshop - 23rd October 2019page 31

Nick Pittarello, Client Relationship Manager

Page 32: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Trading Framework

Page 33: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Intraday Product Design

page 33

D-1 D D+1

KEYCapacity Calculation/ Optional NTC updateOffered capacity publishedBidding windowAuction covering hoursIntraday nomination gateNomination covering hours

09:00 10:00 11:0008:0022:00 23:00 00:00 01:00 02:00 03:0021:00 04:00 05:00 06:00 07:00 12:00 13:00 14:00 22:00 23:0015:00 16:00 17:00 18:00 19:00 20:00 21:00

Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 34: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Intraday Auction Timings and Nomination Gates

Auction Opens 21:45 CE(S)T D-1

Auction closes 22:10 CE(S)T D-1

Delivery period 00:00-06:00 CE(S)T D

all timings in CE(S)T Gate 1 Gate 2 Gate 3 Gate 4 Gate 5 Gate 6

Gate Opens 22:15 D-1 23:00 D-1 00:00 01:00 02:00 03:00

Gate Closes22:45 D-1 23:45 D-1 00:45 01:45 02:45 03:45

Delivery

period

00:00-

06:00

01:00-

06:00

02:00-

06:00

03:00-

06:00

04:00-

06:00

05:00-

06:00

Auction Opens 03:30 CE(S)T D-1

Auction closes 03:55 CE(S)T D-1

Delivery period 06:00-12:00 CE(S)T D

all timings in CE(S)T Gate 7 Gate 8 Gate 9 Gate 10 Gate 11 Gate 12

Gate Opens 04:00 05:00 06:00 07:00 08:00 09:00

Gate Closes 04:45 05:45 06:45 07:45 08:45 09:45

Delivery

period

06:00-

12:00

07:00-

12:00

08:00-

12:00

09:00-

12:00

10:00-

12:00

11:00-

12:00

Auction Opens 09:30 CE(S)T D

Auction closes 09:55 CE(S)T D

Delivery period 12:00-18:00 CE(S)T D

all timings in CE(S)T Gate 13 Gate 14 Gate 15 Gate 16 Gate 17 Gate 18

Gate Opens 10:00 11:00 12:00 13:00 14:00 15:00

Gate Closes 10:45 11:45 12:45 13:45 14:45 15:45

Delivery

period

12:00-

18:00

13:00-

18:00

14:00-

18:00

15:00-

18:00

16:00-

18:00

17:00-

18:00

Auction Opens 15:30 CE(S)T D

Auction closes 15:55 CE(S)T D

Delivery period 18:00-24:00 CE(S)T D

all timings in CE(S)T Gate 19 Gate 20 Gate 21 Gate 22 Gate 23 Gate 24

Gate Opens 16:00 17:00 18:00 19:00 20:00 21:00

Gate Closes 16:45 17:45 18:45 19:45 20:45 21:45

Delivery

period

18:00-

24:00

19:00-

24:00

20:00-

24:00

21:00-

24:00

22:00-

24:00

23:00-

24:00

page 34 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 35: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ JAO Participant Agreement

– Amendment to JAO PA to accept Intraday Rules for GB-BE border

– Modification request to the amendment to JAO PA

➢ Nemo Link Nomination Participation Agreement

page 35

Intraday Auctions – Key Points

Nemo Link Intraday Launch Workshop - 23rd October 2019

➢ Ex Post Contestation ➢ Capacity and Nomination

curtailment compensation

will be the initial price paid

(subject to regulatory

approval)

Page 36: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ The first two auctions are currently outside JAO’s working hours

➢ We continue to seek options

Nemo Link Intraday Launch Workshop - 23rd October 2019page 36

Unsupported Auctions

Concerns Raised

Auction cancellation notification ATC = 0

System unavailable Auction cancelled

Password resets Will have to wait until 08:00

Page 37: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nomination Process

Nemo Link Intraday Launch Workshop - 23rd October 2019page 37

Munti Nguyen, Customer Relations

Page 38: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

End to End Process

Buy ID Transmission Rights on e-CAT

Nominate Transmission Rights

on RNP

Send cross border notification to

National Grid & Elexon and Elia on customers’ behalf

Submit local notifications in GB

and BE Market

Nemo Link Intraday Launch Workshop - 23rd October 2019page 38

Customers Customers CustomersRNP

Page 39: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nomination Process in RNP

• All Nominations have to be made via the RNP web interface or via RNP Webservices

• All Nominations made on Nemo Link have to be submitted per hour and in full MW

• Nominations in Nemo Link are made at Mid-Interconnector Reference Point

page 39 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 40: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Treatment of losses

⚫ For every Nomination on Nemo Link a Loss Factor of 2.6 % needs to be considered

⚫ To transpose the Mid Interconnector volumes into BE and GB, half DC Cable Loss Factor

needs to be applied (1.3 % on each side of the link)

Exporting value = Mid-Interconnector nomination x 1.013

Importing value = Mid-Interconnector nomination x 0.987

Nemo Link Intraday Launch Workshop - 23rd October 2019page 40

Page 41: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ Upon customers’ nomination on RNP:

➢ Interconnector User’s deemed BM Unit Metered Volume (BMUMV) will be entered into Settlement (Elexon) by RNP

➢ a Final Physical Notification (FPN) will be submitted to NGESO by RNP on IU’s behalf reflecting IU’s Interconnector physical flows

(Expected Transfer)

⚫ Interconnector User to submit Energy Contract Volume Notifications (ECVNs) to the Energy

Contract Volume Aggregation Agent (ECVAA) OR submit a Meter Volume Reallocation

Notification (MVRN) to another BSC party’s account

Notice to GB Market

RNPeCAT

Elexon

NGESO

BMUMV’s

FPN

Buy TRs Nominate TRs

page 41 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 42: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ Upon customers’ nomination on RNP, Elia is updated by RNP with ARP nominations (Losses

applied – Belgian side)

➢ Single Side Nomination: No need to nominate also in Elia systems

➢ Nominated XB energy (BE value) added automatically to ARP ID balance perimeter

Notice to BE Market

RNPeCAT Elia

RCA

page 42 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 43: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Unplanned Outage Process

As soon as a trip occurs, a REMIT notification will be madeInitial REMIT notification

An investigation will take place to see if the asset can be returned to service within the

REMITTED period

If not, a further REMIT notification with a duration of the extension will be made

Investigation →Extension?

ID Capacity for the affected hours will be curtailed (either done via JAO or through RNP

by suspending ID nominations)

If the outage is extended

If an ID Auction is planned to take place during the outage, ATC for the affected period

will be set to 0 MW.Next ID Auction

Nemo Link Intraday Launch Workshop - 23rd October 2019page 43

Page 44: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 44

Intraday Capacity Curtailment

During the unplanned outage:

➢ ID Capacity for the affected hours will be curtailed (apart from the first full hour)

Or:

➢ Affected nomination gates will be suspended

– Any draft nominations for the affected hours that the nomination gates cover will be amended to 0 MW

– No future nominations can be made for these affected hours of the outage

Page 45: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 45

Intraday Capacity Curtailment Example

16:00 18:00 20:00 22:00 24:00

Trip occurred at 18:10

Initial REMIT notice from 18:10 (+3 mins) until 20:00

Nomination gates unaffected (for gates

closing at 16:45, 17:45, 18:45)

Nominations firm for hours 19, 20,

Initiate extension at 19:30

21

Nomination gates affected (for gates

closing 19:45, 20:45, 21:45)

Unplanned Outage extension from 20:00 until 24:00

Capacity curtailed/draft

nominations amended to 0 for

hours 22, 23, 24

Page 46: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 46

ATC Reduction of Intraday Auction in case of Outage - Example

Initial REMIT notice from 18:10 (+3) until 20:00

16:00 18:00 20:00 22:00 24:00

Trip occurred at 18:10

Nomination gates unaffected (for gates

closing at 16:45, 17:45, 18:45)

Nominations firm for hours 19, 20, 21

Nomination gates suspended (for

gates closing 19:45, 20:45, 21:45)

Capacity curtailed/draft

nominations amended to 0 for

hours 22, 23, 24

Intraday Auction for 00:00-06:00 take place

→ ATC 0 for 00:00-02:00 published at 21:40

ATCs = 0 in both directions for hours 1 & 2

Unplanned Outage extension from 20:00 until 02:00

Initiate extension at 19:30

Page 47: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

⚫ REMIT notification https://bmreports.com/bmrs/?q=remit

⚫ If ID capacity curtailment or suspension of ID nomination gates are enacted, customers will

be notified as soon as possible by the RNP Helpdesk by email with information on:

➢ Revised Transmission Rights

➢ Start and end time of the curtailment

Nemo Link Intraday Launch Workshop - 23rd October 2019page 47

Communications

Page 48: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Thank you…any questions?

Nemo Link Intraday Launch Workshop - 23rd October 2019page 48

Page 49: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Lunch Break

Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 50: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Capacity Auctions

JAO - OPERATIONS TEAM 5023 October, 2019 - Brussels

Page 51: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Content➢The role of JAO

➢Auction mechanisms and timeline

➢Intraday auctions specificities

➢Compensation methodology

➢Invoicing

➢Registration

➢Live demo of auction tool

➢Q & A

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 51

Page 52: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

The role of JAOJAO offers transmission rights auctions of transmission rights in multiple timeframes.

JAO is owned by 22 Transmission System Operators from 19 countries.

We are servicing 25 Transmission System Operators across 77 cross-zonal borders.

With more than 320 registered companies and more than 1200 active users, the majority of energy traders in Europe are using our platform.

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 52

Page 53: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Auction mechanismLong-term auctions – NEMO LINK

◦ Physical Transmission Rights

◦ Yearly

◦ Quarterly

◦ Monthly

Short-term auctions – NEMO LINK◦ Physical Transmission Rights

◦ Fallback – in case of failure of Market Coupling – Only default bidding

◦ Intraday

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 53

Page 54: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Intraday auctions4 intraday auctions/day

◦ 365 days/year

◦ 6 positions / auction ◦ 00:00-06:00; bidding=D-1 21:45 to 22:10 Run 1 day before delivery period

◦ 06:00-12:00; bidding=D 03:30 to 03:55

◦ 12:00-18:00; bidding=D 09:30 to 09:55

◦ 18:00-24:00; bidding=D 15:30 to 15:55

◦ ATC is published 5 minutes before start of auction

◦ Results and rights documents are distributed shortly after bidding ends

◦ Dispute is opened between D+1 10:00 and 11:00

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 54

Page 55: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Auction timeline1. JAO creates the auction in eCAT

2. TSOs/RNP provide ATC

3. JAO/SAP calculates offered capacity

4. Participants place bids

5. SAP calculates and distribute auction results

6. SAP distributes rights documents

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 55

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Compensation methodology

No remuneration of intraday rights (Use It Or Lose It)◦ Non-nominated intraday rights are lost

Curtailment compensation◦ Compensated with intraday auction price (subject to regulatory approval)

Curtailment compensation (no deal scenario)◦ Compensated with intraday auction price

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 56

Page 57: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Invoicing• Once a month Finance Team issues invoices/selfbills towards participants.

• The market periods invoiced in M+1 are: (example below for February 2019 invoicing run):◦ Yearly and Quarterly auctions for M+2 (March 2019)

◦ Monthly auctions for M+1 (February 2019)

◦ Daily and Intraday auctions for M (January 2019)

◦ Resale for M+2 or M+1 (March or April 2019)

◦ Any other compensations (UIOSI, Curtailment Compensation, etc.) for M (January 2019)

Exact invoicing timings for the various products depend on the auction closure date. Above products are only stated as example.

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 57

Page 58: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Registration• Amendment 10 for already registered parties

• Accept “Rules for Intraday Capacity Allocation on the GB-Belgian Border”

• Valid Nomination Participation Agreement with Nemo Link

• Form must be signed by authorized signatory and e-mailed to [email protected] or JIRA service desk

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 58

Page 59: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Live DemoIntraday auction NLL-BE-GB-I-ID0006-191009-01

◦ Placing bids

◦ Liabilities calculation

◦ Results distribution

Intraday auction NLL-BE-GB-I-ID0612-191009-01◦ Placing default bids

◦ Updating bids

Programming authorizations distribution

Settlement

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 59

Page 60: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

[email protected]

[email protected]

https://servicedesk.jao.eu

+352 27 62 38 38

08:00 -17:00 CET Mon-Sun

2 Rue de Bitbourg, L-1273, Luxembourg-Hamm

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 60

Page 61: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Questions and answersTHANK YOU FOR YOUR PARTICIPATION

23 October, 2019 - Brussels JAO - OPERATIONS TEAM 61

Page 62: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

NEMO LINK INTRADAY LAUNCH WORKSHOP - 23RD OCTOBER 2019page 62

Page 63: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

RNP Demonstration

Nemo Link Intraday Launch Workshop - 23rd October 2019page 63

Petr Musil, Commercial System Analyst

Page 64: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 64

Page 65: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Ltd Conference: e-nominations ARP

Page 66: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Every ARP is responsible for maintaining ¼ h balance between total injections and total offtakes in its portfolio and within its perimeter.

In order to achieve this golden rule, the ARP:

• is entitled to sell/purchase electricity on the HUB/Epex• is entitled to import/export electricity and purchase capacity rights• should send day-ahead nominations for off-take, generation, import/export and

hub deals.

The Balance Responsible Party signs an ARP contract with Elia.

Regulated perimeter: 3 basic concepts ► Golden rule: ARP Balance

66

The ARP (“Access Responsible Party”)

▪ is responsible for ensuring balance between all injections and all offtakes by the access holders for which it is the ARP.

All injections = All off-takes (Sum IN = Sum OUT)

Page 67: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ Total injection for an ARP for a given quarter hour, is the sum of:

▪ all imports (day-ahead and intra-day nominations) nominated and executed by the ARP,

▪ all actual injections at the injection points allocated to the ARP (as defined in the related access contracts),

▪ all distribution offtake positions allocated to the ARP if the result is a net injection,

▪ all injections by hub-transfers of energy (day-ahead and intra-day nominations) nominated by the ARP (“as the buyer”).

Regulated perimeter: 3 basic concepts ► Total injection = Total off-take

67

Page 68: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ Total off-take for an ARP for a given quarter hour, is the sum of:

▪ all exports (day-ahead and intra-day nominations) nominated and executed by the ARP,

▪ all actual off-takes at offtake points allocated to the ARP (as defined in the related access contracts) ,

▪ all distribution offtake positions allocated to the ARP if the result is a net off-take,

▪ all off-takes by hub transfers of energy (day-ahead and intra-day nominations) nominated by the ARP (“as the seller”),

▪ losses: 1,45% (peak) and 1,35% (off-peak) of all physical offtakes

Regulated perimeter: 3 basic concepts ► Total injection = Total off-take

68

Page 69: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ Nominations (“Schedules”)

▪ = The access schedule of a planned power injection or offtake of an ARP.

▪ The ARP has to submit a nomination for each of its power injections or off-takes.

▪ “Capacity” unit = “Megawatt” = MW

▪ “Energy” unit = MWh

▪ Time frame = 1 h on a border, ¼ h inside Belgium

69

ARP equilibrium► ARP balance: Nominations

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E-nomination

Server

70

ARP equilibrium► Sending of nominations by ARPs

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ARP1 ARP2I/E I/E

Elia grid

1) HUB (DA + ID)

2) Cross-border (DA + ID)

3) Off-take(DA)

4) Injection(DA)

5) Generation (DA + ID)

HUBCross-Border

Generation

Off-Take

71

Nominations► 5 types

Injection

Check Position: All injections = All off-takes (Sum IN = Sum OUT)

Page 72: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

ARP1 ARP2I/E I/E

Elia grid

HUBCross-Border

Generation

Off-Take

72

Nominations► HUB: bilateral agreements

1) HUB

Injection

Page 73: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ HUB = electronic platform for exchanges amongst ARPs. (The platform is free of charge).

➢ = OTC (“Over The Counter”)

➢ HUB nomination:

▪ Every exchange of power between two ARPs on the Elia grid.

▪ Both ARPs have to signal this exchange of power to Elia through a nomination.

▪ Elia checks whether both nominations match.

▪ This nomination does not have any physical impact on the Elia grid.

73

Nominations► HUB: bilateral agreements

Page 74: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Schedule: positive MW values on a quarter-hourly basis (accuracy 0.1 MW).

74

Nominations► HUB via e-Nominations website

Page 75: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

▪ Deadline for submission by both ARPs: before 14:00 D-1 → DA

▪ Deadline for submission by both ARPs: before 14:00 D+1 → ID

▪ If “BalanceOK” by 14:00: nomination is blocked (can no longer be changed);

▪ If “BalanceError”, ARPs can correct it until 14:30.

▪ If a nomination still shows inconsistencies by 14:30, Elia evaluates the inconsistency and:

• Rejects it if it endangers the balance on the grid;

• Allows it if it does not endanger the balance on the grid. Any inconsistency that has been allowed, is invoiced to the ARPs.

75

Nominations► E-nomination: HUB DA/ID: timing

Page 76: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

XB XB

ARP1 ARP2I/E I/E

Elia grid

76

Nominations► International Nominations = Cross-Border (XB)

2) Cross-border

Page 77: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

77

Nominations► Cross-Border: Balancing calculation for ARPs nominating on NLL

ARP

ARP

Notification of LT & ID XB

Nominated capacity per

Market Participant

HUB

RNP Nominations

Generation/ Injections

Offtakes

I/E I/E (LT & ID XB Nominations from RNP)

Check Position: All injections = All off-takes (Sum IN = Sum OUT)

Info: ID XB Nominations,

available into the portfolio not

before XX:05.

EPEX SPOT &

EMCO/NordPool

Page 78: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

78

Nominations► Cross-Border: Balancing calculation for ARPs nominating on NLL

ARP

ARP

Notification of LT & ID XB

Nominated capacity per

Market Participant

HUB

RNP Nominations

Generation/ Injections

Offtakes

I/E I/E (LT & ID XB Nominations from RNP)

Check Position: All injections = All off-takes (Sum IN = Sum OUT)

EPEX SPOT &

EMCO/NordPool

100 MW

of rights

100 MW

of rights

100 MW of

Nominations98,7 MW of

Nominations

98,7 MW of

Nominations

98,7 MW of

Nominations

Context: Import to Belgium

Page 79: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

ARP1 ARP2I/E I/E

Elia grid

➢ Directly connected to the Elia grid

➢ Injection/Off-take points for Distribution System Operators

➢ Injection/Off-take nominations have to be submitted before 14:30 D-1

➢ Accuracy: 0.1 MW

79

Nominations► Off-take nominations

3) Off-take & 4) Injection

Page 80: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

➢ For customers directly connected to the ELIA grid and for injection/consumption on Distribution Systems

▪ The ARP has to nominate the power injection/off-take for each access point for which the ARP is responsible.

▪ Off-take nominations have to be submitted before 14:30 on day–1.

▪ Elia checks whether there is a non-zero nomination. At least 1 nomination has to be submitted for every access point.

80

Nominations► E-nomination: Injection/Off-take

Page 81: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

ARP1 ARP2I/E I/E

Elia grid

➢ Generation units connected to the Elia grid(CIPU- contract)

➢ Injections in Distributions

➢ Injection nominations have to be submitted before 14:30 D-1 and generation nominations before 15:00 D-1

➢ Accuracy: 0.1 MW

81

Nominations► Generation nominations

5) Generation

Page 82: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 82

Page 83: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

James Bradley & Alex Goodey

National Grid ESO

Page 84: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

84

Why does NGESO Trade?

• Licence to balance system in most economic way

• Risk Mitigation

Interconnector Trading

• Access to non Balancing Mechanism trading instrument

• Displace BM actions with lower costs. Facilitating both

margin and constraint management

• Currently trade on 2 other Interconnectors within intraday

timescales

• No Speculative trading!

Page 85: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

85

Trading Process (Interconnectors)

Page 86: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

86

Trading Process (Interconnectors)

Page 87: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

87

New Counterparties

✓ Get in contact and we can explore the opportunity available to you.

✓ An Account Manager will assist you in putting an agreement in place and be your main point of

contact into National Grid ESO.

✓ Contract go-live

✓ Comply with any performance monitoring requests following contract go-live.

Email: [email protected]

Call: (+44)118 936 3077

Page 88: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Any Questions?

Page 89: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Brexit Preparation

page 89

Nick Pittarello

Client Relationship Manager

Page 90: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Nemo Link Intraday Launch Workshop - 23rd October 2019page 90

Democracy in Action…

Page 91: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Long Term

CapacityDay Ahead

Intraday

Explicit

Explicit Auction

(capacity only)Implicit Auction

(capacity and energy)

Nominated Electricity Market Opertors

(NEMOs)

JAO/SAP

RNP

Optional

Capacity

Nominations

JAO/SAP

Explicit Auction

(capacity only)

Capacity

Nominations

“Deal” Trading Framework

Must complete JAO Amendment 10 to register for Intraday auctions

and sign NPA with Nemo Link

Nemo Link Intraday Launch Workshop - 23rd October 2019page 91

Page 92: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Long Term

CapacityDay Ahead

Intraday

Explicit

Explicit Auction

(capacity only)EXPLICIT Auction

(capacity only)

JAO/SAPJAO/SAP

RNP

Optional

Capacity

Nominations

JAO/SAP

Explicit Auction

(capacity only)

Capacity

NominationsCapacity

Nominations

“No Deal” Trading Framework

Must complete JAO Amendment 10 to register for all Non-IEM auctions

Must have NPA with Nemo Link for DA and ID nominations

page 92 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 93: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Long Term

CapacityDay Ahead

Intraday

Explicit

“No Deal” Key Difference

UIOSIcompensation

Clearing price of explicit daily auction

Day Ahead Market Spread

page 93 Nemo Link Intraday Launch Workshop - 23rd October 2019

Page 94: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

page 94

Key Dates

Day Ahead Implicit Auctions until further notice.

Extension/

Deal

Transition

No

Deal

31st Oct 1st Nov

Last Implicit DA

auction for delivery

01/11

First JAO Explicit

DA auction 09:40-

10:10 for delivery

02/11

Nominate DA

Capacity in RNP

between 12:05 and

14:00 for 02/11

IEM Access Rules Active DA Non-IEM Access Rules Active

LT+DA IEM Access Rules Active

*All times in CET

11th Nov 14th Nov

LT+DA+ID Non IEM Access Rules Active

LT+DA+ID IEM Access Rules Active

First Intraday

Explicit auction

09:30 for delivery

12:00

LT Auction for Dec

Capacity

LT Auction for Dec

Capacity

First Intraday

Explicit auction

09:30 for delivery

12:00

Page 95: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Looking for help?

Nemo Link Intraday Launch Workshop - 23rd October 2019page 95

Tel: +44 (0)1926 656 261

Email: [email protected]

Support for:

• Onboarding

• Trading rules

• Direct non-system related issues

• Any questions whatsoever

Available: 09:00-17:00 GMT Mon - Fri

Tel: +352 27 62 38 38

Email: [email protected]

Jira: https://servicedesk.jao.eu

Support for:

• Long Term Auctions

• LT auction calendar

• LT settlement

• UIOSI compensation

• LT capacity curtailment

• DA Shadow Auctions

Available: 08:00-17:00 CE(S)T

Tel: +420 221 400 825

Email: [email protected]

Support for:

• Long term nominations

• Intraday nominations

• Nomination curtailment

Available: 24 x 7

Page 96: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Q&A

document title 9pt page 96

Page 97: Nemo Link Intraday Launch...2019/10/23  · NGESO Trading Brexit Preparation Opening address Bert Maes, CEO page 3 Nemo Link Intraday Launch Workshop - 23rd October 2019 page 4 Operational

Summary

Bert Maes, CEO


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