Fluxys Belgium Sa Class D · EURONEXT:FLUX
Fluxys Belgium Sa Class D — PRISMA European Capacity Platform — Investor Presentation (February 2013)
132 slides from Fluxys Belgium Sa Class D's investor presentation, Feb 19, 2013
Slide 1: Shipper Training Session
Shipper Training Session Vienna, 14 February 2013 Brussels, 19 February 2013 Warsaw, 21 February 2013
Slide 2: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 3: Welcome: The new platform
Welcome The new platform PRISMA stands for an integrated European PRImary and Secondary MArket Shipper Training Session 21/02/2013 | Chart 3
Slide 4: Introduction of the presenters
Welcome Introduction of the presenters Your presenters today are: Thomas L'Eglise Fluxys Belgium Maja Klejs Pedersen Energinet.dk Perrine Hagen GRTgaz Chrisitan Auer Open Grid Europe Katja Beckert PRISMA Shipper Training Session 21/02/2013 | Chart 4
Slide 5: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 6: PRISMA shareholders
Basic principles of PRISMA PRISMA shareholders Following TSOs are shareholders of PRISMA: Austria: BOG, Gas Connect Austria, TAG Belgium: Fluxys Belgium Denmark: Energinet.dk France: GRTgaz Germany: Bayernets, Gastransport Nord, Fluxys Tenp, Gascade Gastransport, Gasunie Deutschland Transp
Slide 7: Background of the initiative
Basic principles of PRISMA Background of the initiative Broad EU-wide support for the creation of a joint European Capacity Platform. 16 TSOs From Belgium, Denmark, France, Germany and the Netherlands signed initial Memorandum of Understanding in April 2012 From 1 April 2013 23 TSOs (19 sharehol
Slide 8: Background of the initiative: early implementation of CAM
Basic principles of PRISMA Background of the initiative Foreseeably in 2015, the Network Code on Capacity Allocation Mechanisms (developed by ENTSOG) will come into force for all European countries. The goal of the platform is an early implementation of the Network Code on CAM The new platform wil
Slide 9: Background of the initiative: sub-goals
Basic principles of PRISMA Background of the initiative This includes a number of sub-goals: Establishing an operative platform and connecting all involved TSOs to it Creating uniform marketing possibilities for annual, quarterly, monthly, and daily products Creating simple, transparent and fo
Slide 10: Infrastructure of the new European Platform
Basic principles of PRISMA Infrastructure of the new European Platform Infrastructure and features of the existing platforms are used as the basis to create a new platform Current features will be extended and continuously improved according to CAM NC requirements Special national requirements
Slide 11: Timeline PRISMA primary
Basic principles of PRISMA Timeline PRISMA primary PRISMA creation, Launch of the New websites & First Yearly Additional registration European Capacity Auction on information on the Platform PRISMA PRSIMA primary* & auction start platform Registration Start of rolling First Quarterly start for Month
Slide 12: Application of ENTSOG Capacity Allocation Mechanisms (CAM)
Basic principles of PRISMA Application of ENTSOG Capacity Allocation Mechanisms (CAM) Current status of NC CAM: ACER submits its view back EC starts NC CAM comes Technical to ENTSOG Comitology into force Implementation June 2012 X + 20 days = Y Z + 18 months 2012 2013 2014 2015 2016 March 2012 July
Slide 13: Application of ENTSOG Capacity Allocation Mechanisms (CAM)
Basic principles of PRISMA Application of ENTSOG Capacity Allocation Mechanisms (CAM) 1.10.12 1.4.13 Final Situation Platform 1.0 (TRAC-X) Platform 2.xx (PRISMA) Platform 3.xx (PRISMA) KARLA compliant Partially CAM compliant CAM compliant platform platform platform Existing New Connection Existing N
Slide 14: Application of ENTSOG Capacity Allocation Mechanisms (CAM)
Basic principles of PRISMA Application of ENTSOG Capacity Allocation Mechanisms (CAM) CAM applies to all interconnection points between adjacent Entry/Exit Systems (EE IPs) Standard Products regarding auction calendar: Annual Yearly (first auction envisaged: May 2013 (extraordinary with some TSOs)
Slide 15: Marketing structure
Basic principles of PRISMA Marketing structure Shipper A Shipper B Booking Auction Registration Auction Booking TSO 1 TSO 3 TSO 1, TSO 4 TSO 1 TSO 4 Capacity Platform TSO 1 TSO 2 … TSO N The platform offers two different market models (auctions and first-come-first-served bookings). Additionally, st
Slide 16: Overview of the functionalities of PRISMA primary
Basic principles of PRISMA Overview of the functionalities of PRISMA primary PRISMA Platform FCFS Bookings Auctions Shipper registration Booking Overview Execution request to Booking Overview of auctions of auctions TSO of inter- connection points Display of Capacity Bundling, Processing free Upgrad
Slide 17: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 18: Platform Roles
Role Definitions Platform Roles Platform Platform Operator Admin TSO Shipper Everyone TSO User Guest Admin (unregistered) TSO User Shipper Training Session 21/02/2013 | Chart 18
Slide 19: Platform Roles
Role Definitions Platform Roles Guest (unregistered) Everyone – No registration and login is required. Guests can look at all the published data as well as at all publicly available information. Shipper User Shipper role with the right to trade capacities with the TSOs. A shipper can have multip
Slide 20: Role rights matrix
Role Definitions Role rights matrix Shipper Guest user Rights Public area Viewing public area/ pages x x Viewing master data of interconnection points x x Viewing booking relevant data x x Viewing auction data x x Starting a FCFS booking request x x Bookings and Auctions Booking via FCFS x Submittin
Slide 21: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 22: The Registration Process
Registration The Registration Process A single user of a shipper can only acquire transport capacities on the platform and on behalf of their company once they have been activated by the respective TSO. Users of a shipper who would like to join the platform have to pass the registration process.
Slide 23: Registration facts for the new platform
Registration Registration facts for the new platform Does a shipper already registered to TRAC-X primary have to re-register to PRISMA primary? Customers successfully registered to the former TRAC-X primary do not have to re-register to PRISMA primary But: shippers need to submit additional info
Slide 24: EIC Code
Registration EIC Code One entry per party One can request a code at either the local or the main office EIC Code for Electricity and Gas is the same number Compatibility issues VAT Number Only one EIC Code per VAT number The central database will be updated once a week. Validity of codes No
Slide 25: Registration process model
Registration Process model Shipper Entering Accepting Accepting Filling out Registration Entering extended Adding Selecting request Identification master data master data PRISMA GTCs of TSO and sending (online) Code (for a new (user-based) primary TSOs (link to TSO TSO specific GTCs* homepage) docum
Slide 26: Registration process model
Registration Process model Entering Registration Entering extended Adding Shipper request Identification master data master data … (online) Code (for a new (user-based) company) Manual Evaluation of EIC/other codes no PRISMA Does the primary company already exist on PRISMA? Shipper Training Session
Slide 27: Registration process model
Registration Process model Direct initial registration of a shipper Accepting Accepting … Shipper PRISMA Selecting GTCs of TSO primary TSOs (link to TSO … GTCs* homepage) Forwarding Providing TSO customer specific PRISMA master data to documents primary TSO (mandate/ credit rating) Adding TSO shippe
Slide 28: Registration process model
Registration Process model Filling out and sending TSO Shipper specific documents Activating PRISMA shipper user for TSO on PRISMA primary … primary Checking TSO mandate / Activation credit rating Shipper Training Session 21/02/2013 | Chart 28
Slide 29: Registration User interface
Registration User interface In case a shipper is not yet registered on PRISMA primary, the registration of the shipper takes place with the registration of the first shipper user. A separate registration of the shipper company is not possible. 1 Enter EIC Code 2 Information to apply for an EIC C
Slide 30: Registration User interface
Registration User interface Step 1: Check and complete the company data 1 Enter company data Shipper Training Session 21/02/2013 | Chart 30
Slide 31: Registration User interface
Registration User interface Step 2: Check and completion of the contact persons 1 Add more contacts for the shipper company (e.g. Dispatching, Billing). It is mandatory to add at least one contact per category. 2 Enter the details of further contact persons 3 Shipper Training Session 21/02/2013 |
Slide 32: Registration User interface
Registration User interface Step 3: Enter the user details 1 Enter user details 2 Shipper Training Session 21/02/2013 | Chart 32
Slide 33: Registration User interface
Registration User interface Step 4: Select one or more TSOs Alternative 1: Select all TSOs Alternative 2: Select individual TSOs For a successful registration the GTCs of the selected TSOs need to be accepted SNAM Rete Gas Shipper Training Session S.p.A. 21/02/2013 | Chart 33
Slide 34: Registration User interface
Registration User interface Step 5: Check your entered data and enter national identifiers 1 Checking the entered information 2 Enter national identifier codes, e.g. DVGW code (depends on the TSOs you selected). Shipper Training Session 21/02/2013 | Chart 34
Slide 35: Registration User interface
Registration User interface After the registration you will receive a registration confirmation by PRISMA You will be informed about more required documents for the TSOs Shipper Training Session 21/02/2013 | Chart 35
Slide 36: Finalise registration & following steps
Registration Finalise registration & following steps Filling out and sending TSO specific 1 The shipper user sends all required documents to the … documents 1 TSO (set by each TSO: e.g. mandate/ solvency check). 3 Activating shipper user The TSO checks the documents and activates for TSO on 2 PRISMA
Slide 37: Requirements for shippers
Registration Requirements for shippers A shippers’ user can only acquire transport capacities on behalf of the company on PRISMA primary once being activated through the TSO users who would like to join the platform have to pass the registration process If a shipper company is not yet register
Slide 38: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Auction Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead)) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Trainin
Slide 39: Capacity Products: General
Capacity Products General There are yearly, quarterly, month-ahead and day-ahead products. Where possible capacity will be bundled. Firm and interruptible capacity will be auctioned Interruptible capacity can be converted to firm capacity Return/surrender of firm capacity is possible* Ship
Slide 40: Capacity Products: General
Capacity Products General All products are auctioned at predefined (different) points in time that can be found in the auction calendar. The publication of the specific products which will be auctioned takes place in due time before the auction starts (1 month for annual products, 1 week for qua
Slide 41: Auction types
Capacity Products Auction types Monthly, Quarterly and Yearly products are auctioned by using an ascending- clock auctioning process Auctioning takes place in (multiple) bidding rounds. In each bidding round a bid for a certain quantity of capacity at a given price is submitted. The price step
Slide 42: Capacity publication & auction calendar overview
Capacity Products Capacity publication & auction calendar overview Publication Publication Publication Publication Publication Publication amount of amount of amount of amount of amount of amount of capacity capacity capacity capacity capacity capacity Annual yearly Annual Rolling FIRM quarterly M Y
Slide 43: Auction Times Overview
Capacity Products Auction Times Overview Product Frequency of Number of Start of the Bidding round Publication Publication of Auction auctions products per auction amount of allocation algorithm auction capacity results to individuals Auction Calendar for firm capacity products 1 month before 1st Mo
Slide 44: Auction Calendar for Yearly Products
Capacity Products Auction Calendar for Yearly Products Publication Publication amount of amount of capacity capacity Annual yearly FIRM Y1 – Y15 Annual yearly INTERR Y1 – Y15 Jan Feb Mar Apr May t Parameter Calendar entry Valid for: Publication FIRM: 1 month before auction starts until 09:00 CE(S)T
Slide 45: Auction Calendar for Quarterly Products
Capacity Products Auction Calendar for Quarterly Products Publication Publication amount of amount of capacity capacity Annual quarterly FIRM Q1 – Q4 Annual quarterly INTERR Q1 – Q4 of Q4 (2013) till Apr Q3 (2014) May June July Aug Sept t Parameter Calendar entry Valid for: Publication FIRM: 1 week
Slide 46: Auction Calendar for Month-Ahead Products
Capacity Products Auction Calendar for Month-Ahead Products Publication Publication Publication Publication amount of amount of amount of amount of capacity capacity capacity capacity Rolling M Rolling M FIRM FIRM M1 M1 Rolling Rolling M M INTERR INTERR M1 M1 … Apr May … t Parameter Calendar entry V
Slide 47: Auction Calendar for Day-Ahead Products
Capacity Products Auction Calendar for Day-Ahead Products Marketing of day- ahead D+1 (e.g. constantly Tue for Wed) Feb Mar Apr May t D for D+1 Parameter Calendar entry Valid for: Publication FIRM: On the day of the auction until 16:30 D+1 CE(S)T INTERRUPTIBLE: On the day of the auction until 17:30
Slide 48: Bidding rounds
Capacity Products Bidding rounds Yearly, quarterly and monthly products Day-Ahead products Day 1: Single-step approach (uniform price 09:00 – 12:00 1st bidding round auction algorithm) 12:00 – 13:00 processing & publishing Start 16:30 13:00 – 14:00 2nd bidding round Bid-list allowing max. 10
Slide 49: Auction calendar
Capacity Products Auction calendar The auction calendar can be found in the customer centre The auction calendar gives an overview of the auction starts and the auction publication dates as well as the transport duration of the products The overview of the different dates can be filtered by prod
Slide 50: Products that will be auctioned via PRISMA from April 2013
Auction Products Products that will be auctioned via PRISMA from April 2013 The Netherlands Denmark (firm and • Daily interruptible) • Monthly3) • Daily • Quarterly3) • Monthly • Yearly3) • Quarterly • Yearly Belgium • Daily Germany • Daily • Monthly France • Quarterly • Yearly • Daily • Monthly Aus
Slide 51: Marketing order
Capacity Products Marketing order If there are different capacity types available at an interconnection points for a certain transport period. They will be auctioned one after another The marketing order is: 1. firm capacity 2. interruptible capacity* in some countries (Austria, Germany) the f
Slide 52: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 53: Options for booking capacity
Booking Process Options for booking capacity Two possibilities to book capacities on PRISMA primary: At Interconnection Points (Market area interconnection points and Cross-Border points) firm capacity is marketed via auctions. Interruptible capacity will, until NC CAM comes into force, only be
Slide 54: Master data browser for interconnection points
Booking Process Master data browser for interconnection points The master data browser can be found in the section „Network Information“ Search for network points according to certain criteria Displays the different possible actions that are available at a Shipper Training Session specific network
Slide 55: Master data browser for interconnection points
Booking Process Master data browser for interconnection points The master data browser contains all the Network Points with detailed information provided by the TSO. These are for example: − TSO that markets this interconnection point including GTC − name of the interconnection point − Price compo
Slide 56: Master data browser for interconnection points
Booking Process Master data browser for interconnection points When you select an interconnection point all details of this point are displayed. In case of a bundled interconnection point a link will guide you to the two involved unbundled interconnection points. Shipper Training Session 21/02/2
Slide 57: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 58: Auction Overview
Ascending Clock Auction Process Auction Overview In the auction overview all closed auctions that have been executed on PRISMA primary and all future auctions that have already been published are listed. The overview can be changed using different viewing options e.g. sorting or filtering. A legen
Slide 59: Auction Overview
Ascending Clock Auction Process Auction Overview In the auction overview all closed auctions that have been executed on PRISMA primary and all future auctions that have already been published are listed. Choice of further filters in Choice of order to limit the amount of different filters displaye
Slide 60: Auction Details
Ascending Clock Auction Process Auction Details The action “View Auction” shows you all details and relevant data for the selected auction. You can open the screen to submit a bid from this detailed view or from the auction overview. Information about the current status of the auction Overview o
Slide 61: Auction Details
Ascending Clock Auction Process Auction Details Please note: The unit for the different price components for an auction product may vary from TSO to TSO! Please note: The unit for the regulated tariff can be per product runtime, per day, or per year. Please note: The unit for the other price compo
Slide 62: Process map
Ascending Clock Auction Process Process map Shipper Receive Submit a bid confirmation Open next bidding round Platform Evaluate Start auction bidding x Send result round to TSO and Shipper Publish result Evaluate Design Book capacity TSO Transfer to available standard and setup platform capacity pro
Slide 63: Ascending clock bidding process
Ascending Clock Auction Process Ascending clock bidding process In auctions a bid is placed for a certain quantity of capacity at a given price (not the other way around!). The price steps are determined by the platform. All auctions start at the regulated tariff Price In case that the deman
Slide 64: Ascending clock bidding process
Ascending Clock Auction Process Ascending clock bidding process In case that the demand < available capacity from the 1. bidding round onwards: Undersell B4 reduces his bid in the 3rd bidding round B5 and B6 don`t quote a bid in the 3. bidding round Demand < available capacity Undersell
Slide 65: Ascending clock bidding process
Ascending Clock Auction Process Ascending clock bidding process Additional bidding rounds with small price steps Large price step P2 Surcharge small price step P4 Small price step P4 All B keep the quantity of their 3. 5. bids unchanged Small price step P3 4. Demand > available capacity P1 D
Slide 66: Price steps
Ascending Clock Auction Process Price steps The auction surcharge is shown from the 1st bidding round onwards and is an additional charge to the regulated tariff. Depending on the auctioning situation the surcharge can occur in two different types: large and small price steps. A small price st
Slide 67: Submitting a bid – the 1st bidding round
Ascending Clock Auction Process Submitting a bid – the 1st bidding round In order to submit a bid you can open a screen from the auction overview as well as from the auction details screen. To participate in an auction you have to place a bid in the first bidding round. Participating at a later
Slide 68: Editing or cancelling your bids
Ascending Clock Auction Process Editing or cancelling your bids Every bid that was placed on PRISMA primary can be edited or withdrawn as long as the bidding round is still open This can be done in the “auction details” of the respective auction Possibility to edit or withdraw a bid Shipper Trai
Slide 69: End of the 1st bidding round
Ascending Clock Auction Process End of the 1st bidding round Details of 1st bidding round If the evaluation of the bidding round shows that the capacity demand is smaller than or equals the available capacity the auction ends at the regulated tariff and the bids are allocated. − You will get the i
Slide 70: Further bidding round(s) in case of an oversell
Ascending Clock Auction Process Further bidding round(s) in case of an oversell If an ‘oversell’ occurs, the next bidding round will be opened. The surcharge that is added to the regulated tariff equals a large price step. The sum of the bids of the prior bidding round will be displayed. At
Slide 71: Submitting a bid from the 2nd bidding round – Large price steps
Ascending Clock Auction Process Submitting a bid from the 2nd bidding round – Large price steps From the 2nd bidding round onwards the capacity quantity of the previous bid can be viewed while placing the next bid. You may decrease your quantity bid in later rounds but cannot increase your quant
Slide 72: Submitting a bid in further rounds in case of a small price step
Ascending Clock Auction Process Submitting a bid in further rounds in case of a small price step If the demanded capacity is smaller than the available capacity an “undersell” appears. In such a case a new bidding round with a small price step is opened and a small price step is added to the sur
Slide 73: Auction close
Ascending Clock Auction Process Auction close Information about closed auctions are available in the auction overview. Auction results are displayed Product details are displayed Shipper Training Session 21/02/2013 | Chart 73
Slide 74: Competing products
Ascending Clock Auction Process Competing products In some situations capacity products may be competing against each other In case of such a competition you will be informed about it in various places Information text about the competing situation Displays the competing capacity quantity by cli
Slide 75: Competing products
Ascending Clock Auction Process Competing products Competing products In an auction with competing products you can also see the bids placed by other users of your company for the competing product (on the right side of this page). Additional information to the bids of all users of your company Sh
Slide 76: Capacity upgrade
Ascending Clock Auction Process Capacity upgrade* When placing a bid you can request an upgrade of your already booked interruptible capacity to firm capacity. The request can be changed or cancelled in every further bidding round. The TSO will inform you directly after the close of the auctio
Slide 77: Comfort function – automated bidding
Ascending Clock Auction Process Comfort function – automated bidding By using the so-called comfort function you have the possibility to submit a bid for an auction in advance The comfort function can be started from the auction details screen or from “Comfort bids” in the “My PRISMA primary” se
Slide 78: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 79: Process map
Uniform Auction Process (Day-Ahead) Process map Shipper Receive Submit a bid confirmation Send result to TSO and Platform Evaluate Shipper Start auction bidding round Publish result Evaluate Design Book capacity TSO Transfer to available standard and setup platform capacity products contract Shipper
Slide 80: Day-Ahead bidding process: Placing bids
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Available surcharge Available Bidder A capacity Bidder B capacity Price A1 component of B1 a bid A2 B2 B3 amount amount Volume component of a bid Shipper Training Session 21/02/2013 | Chart 80
Slide 81: Day-Ahead bidding process: Placing bids
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Available surcharge Available Bidder A capacity Bidder B capacity Minimum amounts Price A1 component of B1 a bid A2 B2 B3 amount amount Volume component of a bid Shipper Training Session 21/02/2013 | Chart 81
Slide 82: Day-Ahead bidding process: Placing bids
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Available surcharge Available Bidder A capacity Bidder B capacity A1 B1 A2 B2 B3 amount amount Ranking according to price components surcharge Available capacity A1 B1 A2 B2 B3 amount Shipper Training Session 21/02/
Slide 83: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ surcharge Available capacity A1 B1 A2 B2 B3 Shipper Training Session 21/02/2013 | Chart 83
Slide 84: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 A2 B2 B2 B3 X B3 amount amount B2 = equilibrium bid Minimum amount < rest B2 filled B3: p
Slide 85: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 A2 B2 B2 B3 X B3 amount amount B2 = equilibrium bid Minimum amount < rest B2 filled Clearin
Slide 86: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ surcharge Available capacity A1 B1 A2 B2 B3 amount Shipper Training Session 21/02/2013 | Chart 86
Slide 87: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 B2 B3 A2 B3 X B2 amount amount B3 = equilibrium bid Full allocation B2: Minimum amount > re
Slide 88: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 B2 B3 A2 B3 X B2 amount amount B3 = equilibrium bid Full allocation Clearing price = price co
Slide 89: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids surcharge Available capacity A1 B1 A2 B2 A3 amount Shipper Training Session 21/02/2013 | Chart 89
Slide 90: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 A2 B2 A3 B2 A3 amount amount Pro-rata allocation between B2 and A3 a
Slide 91: Determination of the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids surcharge Available surcharge Available capacity capacity A1 B1 A1 B1 A2 A2 B2 A3 B2 A3 amount amount Pro-rata allocation between B2 and A3 a
Slide 92: Determining the Clearing Price
Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determining the Clearing Price Clearing price in case of no intersection between demand curve and available capacity In general, the market clearing price equals the price component of the lowest successful bid In case no intersection
Slide 93: Details of a Day-Ahead auction
Uniform Auction Process (Day-Ahead) Details of a Day-Ahead auction For day-ahead auctions a simplified auctioning method is used. This means that there is only one bidding round in which you enter the desired capacity that you are prepared to buy up to a certain price. It is possible to place up
Slide 94: Comfort Function for Day-Ahead auctions
Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions By using the so-called day-ahead comfort function you have the possibility to submit bids for day-ahead auctions in advance. The comfort function can be started from the auction details screen or from “Comfort bids” in t
Slide 95: Comfort Function for Day-Ahead auctions
Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions When using the comfort function for day-ahead auctions you have to select a time period during which you want to automatically use your defined bid for certain day- ahead products. Entering a time period in which a bid is
Slide 96: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Booking Process for Bundled Products 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Ses
Slide 97: Bundled capacity process
Booking Process for Bundled Products Bundled capacity process Shipper Receive Receive Receive auction contract from contract from result TSO 1 TSO 2 PRISMA Create & match Assign products Send result to bundled and unbundled to auction Start auction [] shipper and rounds TSO products Upload raw TSO 1
Slide 98: Bundled capacity: tariffing
Booking Process for Bundled Products Bundled capacity: tariffing The payable price after auction consists of: Regulated capacity tariff TSO 1 + Additional fees TSO1 information from TSOs + Regulated capacity tariff TSO2 + Additional fees TSO2 = Starting price + Auction premium division factor betw
Slide 99: Auction Details
Booking Process for Bundled Products Auction Details The bundling of capacities takes place at all possible interconnection points In case of a bundled auction you will be informed about it in various places The way a bundled product is displayed is different that of an unbundled product 2 int
Slide 100: Submitting a bid
Booking Process for Bundled Products Submitting a bid When submitting a bid for a bundled product you have to accept the GTCs for each TSO and enter (optionally) a balancing group / portfolio code for each TSO. Enter a balancing group for TSO 1 (depending on the TSO optional or mandatory) Enter a
Slide 101: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 102: FCFS Booking Process: Definition
FCFS Booking Process Definition The FCFS Booking Process Besides the possibility to acquire capacities via auctions shippers also have the possibility to book certain capacities on a first-come-first-served basis In FCFS bookings the platform acts as an intermediary between shipper and TSO with
Slide 103: FCFS Process overview
FCFS Booking Process Process overview The process for booking transport capacities following the “first-come-first-served” principle is divided into five steps. In this booking process PRISMA acts as an intermediary between the shipper and the TSO for all information concerning the booking (e.g.
Slide 104: FCFS Process overview
FCFS Booking Process Process overview Booking request Binding booking Booking the capacity Entering bindingly Shipper data of the requested Choosing capacity alternative Receiving and contract booking it bindingly Displaying the confir- mation of PRISMA Forwar- Forwar- Display the primary ding the a
Slide 105: Step 1: Selecting a TSO
FCFS Booking Process Step 1: Selecting a TSO* You do not have to be logged in in order to start a booking request. First, you select the TSO you want to send a booking request to. Possibility to filter: Listing of all TSOs or only those you have a trading relation with Select a TSO *only possibl
Slide 106: Step 2: Selecting a network point
FCFS Booking Process Step 2: Selecting a network point After the selection of the TSO you will be shown a list of available interconnection points. 1 Selecting a network point 2 Shipper Training Session 21/02/2013 | Chart 106
Slide 107: Step 3: Choosing the capacity type
FCFS Booking Process Step 3: Choosing the capacity type On this page you can choose what kind of capacity you would like to request. This is the last step before sending your request to the TSO system. Select the capacity; for bundled network points the drop-down menu only contains interruptible
Slide 108: Step 4: Checking available capacity
FCFS Booking Process Step 4: Checking available capacity If the requested capacity is available the process carries on in step 5. If the requested capacity is not available the TSO will reject the request. The process stops at this stage. Additionally, the TSO may suggest alternative capacitie
Slide 109: Step 5: Booking of capacity
FCFS Booking Process Step 5: Booking of capacity before you make a binding booking, a summary of your booking details will be shown if you aren’t logged in yet, this will be requested before you can submit your booking. 1 Enter a balancing group / portfolio code (depending on the TSO optional or
Slide 110: Step 5: Booking of capacity (bundled products)
FCFS Booking Process Step 5: Booking of capacity (bundled products) In order to make a booking at a bundled interconnection point you may be asked to enter two balancing groups and accept the GTCs twice, once for each TSO. Information about the product and tariffs divided per TSO Enter a balancing
Slide 111: Completing a booking
FCFS Booking Process Completing a booking Once the capacity has been booked successfully in the TSO system a message will appear to you on PRISMA primary. Afterwards you will receive a confirmation from the TSO. Shows the contract position number in case it is sent by the TSO Shows the booking d
Slide 112: Overview of completed bookings
FCFS Booking Process Overview of completed bookings If you are logged in you can find a list of your own bookings in the “booking” section. This list contains all bookings you made over PRISMA primary. Shipper Training Session 21/02/2013 | Chart 112
Slide 113: Agenda
Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6.1 Ascending Clock Auction Process 6.2 Uniform Auction Process (Day-Ahead) 6.3 Bundled Products Booking Process 6.4 FCFS Booking Process 7 My PRISMA primary Shipper Training Session
Slide 114: My PRISMA primary: Overview
My PRISMA primary Overview After logging in to the platform the personalised version of the platform is available with the following functionalities Dashboard Listing of contract positions Administration of the user and shipper company Account data Shipper Training Session 21/02/2013 | Cha
Slide 115: My PRISMA primary: Dashboard
My PRISMA primary ‘Dashboard’ The dashboard summarises auctions and interconnection points as well as completed bookings etc. that you have saved. Bids you (and the other users of your company) have placed in running auctions are shown here. Possibility for further actions Possibility to minimiz
Slide 116: My PRISMA primary: Dashboard
My PRISMA primary ‘Dashboard’ Opens the screen to edit a Opens the detailed bid for the selected auction view of the selected auction Shipper Training Session 21/02/2013 | Chart 116
Slide 117: My PRISMA primary: Dashboard
My PRISMA primary ‘Dashboard’ In case an auction is published or starts at a “watched network point” the user will be informed via email Opens the list of Starts a FCFS- Deletes the Opens the detailed auctions taking place at booking request interconnection view of the selected this interconnection
Slide 118: My PRISMA primary: Contract Details
My PRISMA primary ‘Contract Details’ Here you can find information about transactions you made in the past Possibility to filter by certain criteria Opens a detailed view of the contract position Shipper Training Session 21/02/2013 | Chart 118
Slide 119: My PRISMA primary: Contract Details
My PRISMA primary ‘Contract Details’ At ‘Return Capacity’ you have the possibility to give your booked capacity back to the TSO (surrender), independent where you booked the capacity Note: Surrender is not applicable for all TSO’s and subject to national regulatory regime Select the contract for
Slide 120: My PRISMA primary: Comfort Bids
My PRISMA primary ‘Comfort Bids’ Here you can find an overview of your comfort bids you placed Possibility to change or Add a new deactivate the comfort bid comfort bid order order Shipper Training Session 21/02/2013 | Chart 120
Slide 121: My PRISMA primary: Account Maintenance
My PRISMA primary ‘Account Maintenance’ In this section the user can view and change all data they have entered during the registration process It is divided into: − My Details (your personal data) − Company Information − Contacts − Status Shipper Training Session 21/02/2013 | Chart 121
Slide 122: My PRISMA primary: Account Maintenance
My PRISMA primary ‘Account Maintenance’ In ‘My Details’ you can edit your personal data. Furthermore, you can deactivate your user account. Note: if your user account is the company’s last account all trading relations of your company will be deactivated. Possibility to deactivate the user acc
Slide 123: My PRISMA primary: Account Maintenance
My PRISMA primary ‘Account Maintenance’ In ‘Company Information’ you can edit the data entered for your company. Some of the data can only be changed by the PRISMA primary administrator via a written requests e.g. the bank account data . Possibility to edit the company data Link to the templates
Slide 124: My PRISMA primary: Account Maintenance
My PRISMA primary ‘Account Maintenance’ In ‘Contact Persons’ you can see which data were entered for the contact persons of your company during the registration process. It is mandatory to enter at least one contact person per section. Possibility to edit the data of the contact persons or to ad
Slide 125: My PRISMA primary: Account Maintenance
My PRISMA primary ‘Account Maintenance’ In the ’Status’ section you can find the trade relations your company maintains with individual TSOs. In case that your company is still in the registration process and has not yet been activated by a TSO the status of your relation will be ‘inactive’. Pos
Slide 126: Contact: Further information
Contact Further information Further information on platform features, interconnection points as well as all necessary shipper documents can be found in the Download Section of PRISMA primary. Additionally, you can find the training presentation as well as information on regional specifics in the
Slide 127: Contact information
Contact Contact information Information before registering on the platform PRISMA Hotline Tel.: +49 341 699 2990 66 primary@prisma-capacity.eu For technical issues after registration User Help Desk Tel.: +49 341 699 2990 69 support-primary@prisma-capacity.eu For TSO related issues Please c
Slide 128: Contact information
Contact Contact information Shipper Training Session 21/02/2013 | Chart 128
Slide 129: Thank you!
PRISMASS” EUROPEAN CAPACITY PLATFORM Thank you! aft
Slide 130: Auction Overview
Ascending Clock Auction Process Auction Overview In the auction overview all closed auctions that have been executed on PRISMA primary and all future auctions that have already been published are listed. A legend that describes the used icons can be found at the bottom of the page. Shipper Trainin
Slide 131: Submitting a bid – required information
Ascending Clock Auction Process Submitting a bid – required information Enter a balancing group or a portfolio code (depending on the TSO this may be optional or mandatory) Shipper Training Session 21/02/2013 | Chart 131
Slide 132: Auction bidding example with three participating shippers
Ascending Clock Auction Process Auction bidding example with three participating shippers Offered Capacity: 100 kW/h/h Starting price: Sum of regulated tariffs Large Price Step: 5 cent Small Price Step: 1 cent Round Auction Shipper 1 Shipper 2 Shipper 3 Aggregated Surcharge Demand 1 0 50 40 60 150 D
PRISMA European Capacity Platform — Investor Presentation (February 2013) on 6ix