Apa Group · ASX:APA
Apa — Technical Presentation (November 2020)
13 slides from Apa's technical presentation, Nov 25, 2020
Slide 1: DWGM rule changes briefing
DWGM rule changes briefing APA VTS 2023-27 access arrangement stakeholder engagement 25 November 2020
Slide 2: Disclaimer
Disclaimer • Any summary of the rule changes in this presentation is for general information only, and should not be considered a comprehensive guide to the changes • Attendees should refer to the new rules and ensure they understand the impact of the new rules on their business The rule change deci
Slide 3: AMDQ replaced by CC
AMDQ replaced by CC • Authorised MDQ and AMDQ CC terminate after gas day 31 Dec 2022 • Not available for tie breaking, congestion uplift hedge or curtailment protection • From 1 Jan 2023 • Tie breaking rights now provided by Entry and Exit CC • Entry/Exit CC are NOT capacity rights • DTS remains mar
Slide 4: Entry or Exit CC
Entry or Exit CC • Entry and Exit CC are a zone based certificate • A CC Zone is a group of system injection points (SIP) or withdrawal points (SWP) • AEMO sets the CC Zones, and consults with stakeholders • Likely Q1 2022, with publication mandated by 31 March 2022 • Likely Entry CC zones include •
Slide 5: DWGM Scheduling process
DWGM Scheduling process • MP make bids to inject or withdraw gas, and forecast their demand • Gas is then scheduled based on the cheapest injection bids to meet forecast uncontrollable demand, linepack targets and controllable withdrawal bids • All MP scheduled are • Paid for injections at the marke
Slide 6: Supply and Demand
Supply and Demand Uncontrollable demand Price forecast Maximum Market Price MMP Controllable [VoLL] Withdrawal Bids Market Clearing L Price $3.7315/GJ Injection Bids Uncontrollable + Controllable Withdrawals = 857,651 GJ Quantity
Slide 7: Importance of Entry / Exit CC
Importance of Entry / Exit CC • Tie breaking may be needed where two or more bids are of equal bid price and cannot be completely scheduled because any or all of the following conditions apply: • They are marginally priced bids and demand has been fully met • A transmission constraint would be excee
Slide 8: Obtaining Entry / Exit CC
Obtaining Entry / Exit CC • Must be a DWGM Market Participant to hold Entry / Exit CC • Three methods to acquire Entry or Exit CC: 1. Participating in an auction 2. Transfer from another MP holding Entry or Exit CC 3. From the DTS SP (APA)
Slide 9: CC from Auction
CC from Auction • For an auction product of one calendar month of Entry or Exit CC • Scheduled auctions will be held twice a year for 3 years ahead • 2 months before first month • 6 auctions per auction product • Quantity per auction is the set cumulative percentage of current system capability • le
Slide 10: CC from Transfers
CC from Transfers • An MP can transfer Entry or Exit CC holdings to another MP • Transfers are: • Bi-lateral and not settled on market • For the full period of the auction product (one calendar month) • Confirmed by both MP on the day the transfer is notified to AEMO • Completed by no later than 3 d
Slide 11: CC from DTS SP
CC from DTS SP • DTS SP can request the AER to determine the non-regulated capacity • Where the DTS SP has augmented the DTS; and • Not added the costs to its capital base • Where the AER has made a determination • DTS SP can decide the allocation of CC to MP and advise AEMO • The relevant MP must a
Slide 12: Regulatory processes
Regulatory processes • AEMO formed a working group that has been consulting in developing the market design features • AEMO is drafting new and amended DWGM Procedures, and will conduct a formal procedure consultation process in Q1 2021 • This will give all stakeholders two opportunities for submiss
Slide 13: Questions?
Questions?