Elia Group SA/NV · EURONEXT:ELI
Elia Group SA/NV — Investor Presentation (December 2023)
98 slides from Elia Group SA/NV's investor presentation, Dec 19, 2023
Slide 1: Plenary meeting of the Elia Users' Group
Users’ Group Plenary meeting of the Elia Users’ Group Tuesday, December 19
Slide 2: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 3: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 4: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 5: Results Stakeholder Survey
Results Stakeholder Survey 2023 5
Slide 6: Agenda
Agenda 1. Research set up 2. Results 3. Action Plan Customer Satisfaction Survey 6 Elia Users’ Group 2023
Slide 7: Research set up
lia Research set up
Slide 8: Objectives & research design
Objectives & research design Objectives Methodology Every 2 years Elia measures the customer satisfaction • Online survey from 18 to 29 september 2023. level among its key stakeholders. • Elia sent an announcement e-mail to all members In 2023, a similar customer satisfaction survey is to introduce
Slide 9: Results
lia Results
Slide 10: Participation in the Elia Users' Group
Participation in the Elia Users' Group 73% of the contacts that took part in the survey confirm they actively participate in the Elia Users' Group. 38% of these participate in the plenary meeting, 95% are member of at least 1 working group or task force. 73% actively participates in the Elia Users'
Slide 11: Plenary meeting - Evaluation
Plenary meeting - Evaluation Overall, members are satisfied with of the plenary meeting, with around 80% or more of the members rating most aspects as good to excellent (top 3). It is clear however that members feel that the impact that they have on the work of Elia is limited. Only 44% of the membe
Slide 12: Plenary meeting - Enthusiasts vs. dissatisfied
Plenary meeting - Enthusiasts vs. dissatisfied Members are most enthusiastic about the competence of the Elia experts, the possibility and willingness to include certain topics on the agenda and the accessibility of the website. They are however clearly dissatisfied with the impact that they can hav
Slide 13: Working groups & Task forces - Evaluation
Working groups & Task forces - Evaluation With almost all aspects being evaluated as good to excellent by 8 in 10 members or more, members are overall also satisfied with the working group or task force they participate in. As with the plenary meeting, members of the working groups or task forces ar
Slide 14: Working groups & Task forces - Enthusiasts vs. dissatisfied
Working groups & Task forces - Enthusiasts vs. dissatisfied The competence of the Elia experts and the chairmen are rated very highly and also the accessibility of the material available on the website linked to the public consultations and the frequency and clarity with which Elia communicates abou
Slide 15: Action Plan
lia Action Plan
Slide 16: Actions to respond to suggestions for improvement
Actions to respond to suggestions for improvement 1. Establishment of The Horizontal Electricity System Think Tank More time for debate in the Plenary Meeting Focus on long-term events Separate the very technical issues (Working Group related) and the more high level topics 2. We not longer co
Slide 17: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 18: The Power of Flex
: 4 ria group ing consumers to benefit the’energy transition vember 2023
Slide 19: The Power of Flex: Enabling consumers to benefit from the energy transition
2018 2023 2021 , -€ <olia group elia group THE ROWER OF FLEX Enabling cofisumers to benefit from the energy transition Celia group Accelerating tone redefining energ mobilit
Slide 20: Introduction
INTRODUCTION The increasing electrification in industry, mobility and heating carries important implications for the electricity system. To prevent the inefficient management of the system, unlocking consumer- side flexibility is essential. Flexible consumption both benefits consumers and has a posi
Slide 21: How did we conduct our study?
HOW DID WE CONDUCT Stakeholder interviews (ESPs, suppliers, OEMs, OUR STUDY? 1 associations, industrials, endconsumers…) What are the barriers for unlocking end consumer flexibility today? 2 Student challenge in BE and DE Put flexibility to work 33
Slide 22: Key messages
KEY MESSAGES A plug-and-play approach to flexibility is essential for reaping its full benefits The biggest impacts will be achieved when the benefits of flexible behaviour are maximally transferred to consumers Real-time price signals, seamless data access and flex-ready devices are key levers for
Slide 23: Barriers that are preventing consumer-side flexibility from taking off
Barriers that are preventing consumer-side flexibility from taking off • Residential consumers remain conservative when it comes to energy • Gradual rollout of smart meters • Limited availability of competitive • Residential consumers are concerned time-based energy price contracts • Market communic
Slide 24: A plug-and-play approach to flexibility is essential
A plug-and-play approach to flexibility is essential for reaping its full benefits Flexibility will increasingly be provided by end consumers The nature of flexibility is changing. Consumer-side flexibility will involve millions of smaller and dispersed assets like electric vehicles (EVs) and heat p
Slide 25: Benefits of flexible behaviour maximally transferred to consumers
The biggest impacts will be achieved when the benefits of flexible behaviour are maximally transferred to consumers The impact of consumer-side flexibility will be most significant when consumers are able to maximally benefit from it. Intermediaries offering energy services to consumers will still b
Slide 26: Key levers for eliminating barriers to consumer-side flexibility
Real-time price signals, seamless data access and flex-ready devices are key levers for eliminating barriers to consumer-side flexibility • Implement existing EU regulations concerning data access, sharing and management • Build a common European energy data space • Derogation or update of metering
Slide 27: Elia Group is working on a Consumer-Centric Market Design
Elia Group is working on a Consumer-Centric Market Design 39
Slide 28: Find out more
FIND OUT MORE Study > https://www.elia.be/en/publications/studies Livestreamed event > “The Power of Flex” on www.youtube.com 40
Slide 29: Thank you!
Fa group Thank you! 00 HE
Slide 30: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 31: Recommendations
Recommandations Flex readiness E-assets Submetering requirements for flexibility Currently written in name of Elia, will be changed to the Users’ Group after discussion with and ! approval by the members of the Users’ Group 43
Slide 32: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG SO&EMD (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 33: Policy recommendations for the 2024 elections
___-BELEIDSAANIBEVELINGEN VOOR DE Meola ae FEDBRALE, RECIONALE EN EUROPESE yp VERKIEZINGEN VAN 2024 -
Slide 34: 4 big priorities for the upcoming legislature
4 BIG PRIORITIES FOR THE UPCOMING LEGISLATURE ENERGY COMPASS 2050: ACCESS TO CARBON-FREE MAKE IT EASIER INSURE THE DIGITAL GUIDING BELGIUM ENERGY AND FOR EVERYONE INDEPENDENCE OF TOWARDS A COMPETITIVE PRICES TO PARTICIPATE BELGIUM CARBON-FREE ECONOMY THROUGH THE TIMELY FOR A MORE AND SOCIETY DEVELOP
Slide 35: Energy Compass 2050: guiding Belgium towards a carbon-free economy
1 ENERGY COMPASS 2050: GUIDING BELGIUM TOWARDS A CARBON-FREE ECONOMY AND SOCIETY
Slide 36: Ensuring the security of supply for the future
ENSURING THE SECURITY OF SUPPLIE CREATING A CLEAR REGULATORY FOR THE FUTURE FRAMEWORK Be able to guarantee security of Belgium needs to implement existing and supply in future winters thanks to the new EU legislation around energy implementation of the agreement quickly and efficiently to remain bet
Slide 37: Access to carbon-free energy through timely development of the high-voltage grid
2 ACCESS TO CARBON-FREE ENERGY AND COMPETITIVE PRICES THROUGH THE TIMELY DEVELOPMENT OF THE HIGH-VOLTAGE GRID
Slide 38: Ensuring access to sufficient and renewable energy
ENSURING ACCESS TO SUFFICIENT SPEED UP AND SIMPLIFY PLANNING AND AND RENEWABLE ENERGY PERMITTING PROCESSES Belgium can ensure access to sufficient Simplify and speed up permitting and renewable electricity at processes to minimize lead time for the competitive prices by taking full expansion and rei
Slide 39: Zone in structural
Zone in structural oversupply (excess RES) Zone in structural undersupply (RES deficit) Non-modelled 3.
Slide 40: Make it easier for everyone to participate for a more affordable energy transition
3 MAKE IT EASIER FOR EVERYONE TO PARTICIPATE FOR A MORE AFFORDABLE ENERGY TRANSITION
Slide 41: Allowing consumers to enjoy the benefits of flexibility
ALLOWING CONSUMERS TO ENJOY THE BENEFITS OF FLEXIBILITY THROUGH CUSTOMIZED ENERGY SERVICES Letting consumers and businesses enjoy the benefits of flexibility and valorize them through customized energy services on and behind the electric meter. ENCOURAGE FLEXIBLE CONSUMPTION THROUGH THE ELECTRICITY
Slide 42: Insure the digital independence of Belgium
4 INSURE THE DIGITAL INDEPENDENCE OF BELGIUM
Slide 43: Develop a long-term vision that supports collaboration
DEVELOP A LONG-TERM VISION THAT SUPPORTS COLLABORATION Develop a national long-term vision and organization that can support and promote Belgium's digital sovereignty and integrate them into a European framework. ORGANIZE THE ROLLOUT OF A STRONG DIGITAL INFRASTRUCTURE Belgium needs to invest in roll
Slide 44: Save the date
SAVE THE DATE 12/03/2024 LET’S CONNECT Elia presents its memorandum to the general public during the Belgian Stakeholder Day. A unique opportunity to look ahead to the energy challenges of the upcoming political legislature and meet key stakeholders from the Belgian energy world. More info coming so
Slide 45: Policy recommendations for the 2024 elections
___-BELEIDSAANIBEVELINGEN VOOR DE Meola ae FEDBRALE, RECIONALE EN EUROPESE yp VERKIEZINGEN VAN 2024 -
Slide 46: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Proposals for recommendation
Slide 47: WG EMD-SO (incl. TF PEZ)
WG EMD-SO (incl. TF PEZ) Incompressibility, Feedback & workplan Plenary Meeting 19 December 2023
Slide 48: Incompressibility
-€ elia Incompressibility
Slide 49: Summer Outlook 2023 – Reminder from WG SO
Summer Outlook 2023 – Reminder from WG SO P75 Focus on July – With pumping and wind offshore curtailment In case of underestimation of solar forecast, difficult situation to handle in intraday since limited short term measures available (max value = 4400 MW). -> Situation of 9/4 61
Slide 50: Feedback: Summer 2023
Feedback: Summer 2023 Spring (ex. Sunday 9th of April 2023,…) and the « Summer Outlook » indicated unneglectable incompressibility risk., A « Procedure High Risk of Incompressibility » was put in place for Summer 2023 and was triggered on: 08/07, 09/07, 21/07, 14/08, 15/08, 20/08, 03/09, 09/09. For
Slide 51: Feedback: Summer 2023 (Typical Day)
Feedback: Summer 2023 (Typical Day) Next Step • Continuous improvement of Forecasting (Solar, Wind, Load,…) • Summer Outlook 2024 • Unlocking of flexibility (& flexible devices) in the grid Presentation title 63
Slide 52: Annex with examples
—€3ia group Annex with examples
Slide 53: Pre-Summer 2023 - 9/4/2023 - Reminder
Pre-Summer 2023 - 9/4/2023 - Reminder Solar forecast : From DA real-time Wind forecast : From DA real-time Hardly any wind during daylight hours. Measurement Forecast error DA RT: Day-ahead 1,3 GW Forecast error Last RT: 500 MW Most recent Last Forecast forecast Day-ahead Measurement – DA So
Slide 54: Pre-Summer 2023 - 9/4/2023 - Reminder
Pre-Summer 2023 - 9/4/2023 - Reminder Large Incompressibility in real-time due to Large forecasting error from/In Day-Ahead
Slide 55: Pre-Summer 2023 - 9/4/2023 - Reminder
Pre-Summer 2023 - 9/4/2023 - Reminder Real-Time system indicators showing significant incompressibility – System imbalance (SI) was long most of daylight hours (08:00 17.00) – Peak at almost 1GW in the afternoon. – Moreover, ACE peaks at 350MW in the afternoon during some QHs – Imbalance price up
Slide 56: Feedback WG EMD-SO
-€ elia Feedback WG EMD-SO
Slide 57: Highlights WG EMD-SO (Q4 2023)
Highlights WG EMD-SO (Q4 2023) European Market Design 1. Core Intraday Capacity Calculation project – Info on the regulatory escalation leading to postponement of go-live and on the status of parallel run publications 2. Core 3rd amendment of DA CCM – Info on the BE relevant topics (eg Alegro) that
Slide 58: Highlights WG EMD-SO (Q4 2023)
Highlights WG EMD-SO (Q4 2023) System Operations 1. Summer review & winter outlook – Elia shared the insights of the past summer period on the risks of incompressibility & stressed the importance of demand response in such situations – Outlook for upcoming winter is more positive than last year due
Slide 59: Roadmap 2024 WG EMD-SO
Roadmap 2024 WG EMD-SO Elia proposes following topics for the 2024 roadmap European Market Design System Operations 1. Core: go-live ID capacity calculation 1. NCC Year report (Q1) 2. Core & European DA and ID market coupling: follow up of 2. Summer outlook, winter review (Q2) operations + ongoing d
Slide 60: Feedback TF Princess Elisabeth Zone
Feedback TF Princess Elisabeth Zone
Slide 61: Latest developments and next steps for 2024
Latest developments and next steps for 2024 Scope of the public consultation A public consultation is organized from 20th of November until 20th of January on topics presented in the framework of the Task Force PEZ: Connection requirements: summary of technical aspects presented during TF/workshops
Slide 62: Overview main topics foreseen in the public consultation report
Overview main topics foreseen in the public consultation report 1 Connection requirements 3 Market design 1. Grid design 1. Target market design for PEZ 2. Grid infrastructure 2. Implications of target market design 3. Phasing of works 3. Implementation of the OBZ 4. Island concept 4. Details on mar
Slide 63: WG CCMD
WG CCMD Feedback & workplan Plenary Meeting 19 December 2023
Slide 64: Feedback WG CCMD
Feedback WG CCMD 19.12.2023 | Brussels | Elia David Zenner
Slide 65: Key products to bring financial incentives directly to customers
3 key products to bring financial incentives directly to customers Limit exposure Multiple BRP (TSO) / Supply Split (DSO) Give possibility to split flexible and non-flexible load Increase competition for energy services behind the meter Give confidence Real-Time Price (RTP) Single indicator De
Slide 66: Multiple BRP – Go-live
Gia group a Multiple BRP — Go-live
Slide 67: DiMaX - feedback of the public consultation
DiMaX - feedback of the public consultation 79
Slide 68: DiMaX design note – update on public consultation
DiMaX design note – update on public consultation Consultation period of 1 month (25/10 – 24/11) 8 reactions received Confidential party Overall trend in the reactions Welcoming the initiative to unlock more flexibility, but request for more clarity (especially on implementation) Request to
Slide 69: DiMaX – Next Steps
DiMaX – Next Steps Wave 1 – Q1 & Q2 2024 Close collaboration with team working on CREG incentive on faster settlement for BRPs Discussion with market parties to reshape the T&C BRP followed by public consultation Digital onboarding of BRPs in EPIC client portal Continue investigations with p
Slide 70: Real-Time Price - design note (part 1)
Real-Time Price - design note (part 1) 82
Slide 71: Timeline
Timeline Stakeholders are invited to provide comments and suggestions on the 1st design note that will be consulted from 22nd December 2023 to 9th February 2024. 83
Slide 72: Structure of the 1st design note
Structure of the 1st design note 84
Slide 73: Request for stakeholder comments on the 1st design note RTP
The stakeholders are kindly requested to provide their comments and suggestions on the 1st design note RTP. The reactions can be provided to Elia via the online form that will be published on Elia website on Friday 22nd December 2023. The feedback is expected at the latest by Friday 9th February 202
Slide 74: 86
86
Slide 75: WG Belgian Grid
WG Belgian Grid Feedback & workplan Plenary Meeting 19 December 2023
Slide 76: Belgian Grid meetings since September 13th
Belgian Grid meetings since September 13th 15/11/2023 – ad-hoc meeting regarding the tariffs 2024 -2027 Title of presentation 88
Slide 77: Belgian Grid meetings since September 13th
Belgian Grid meetings since September 13th 07/12/2023 – flexible access, incentives, process EDS/EOS/reservation capacity, connection contract Flexible access – results of the consultation & next steps • 5 answers received; answers clustered in 3 topics: • Fundamental principles, • Connection & cont
Slide 78: Belgian Grid meetings since September 13th
Belgian Grid meetings since September 13th 07/12/2023 – flexible access, incentives, process EDS/EOS/reservation of capacity, connection contract Process EDS/EOS/Reservation of capacity • Current process was briefly presented • Call for suggestions of improvement from markted parties by mid January
Slide 79: Roadmap WG BG 2024
Roadmap WG BG 2024 Contracts Grid codes and code of conduct 1. Connection contract 1. Code of conduct - large revision - Amendment book 2 – EDS/EOS/capacity - Consultation Q4 2023 – Q1 2024 - final Q4 2024 2. Federal grid code - analysis needs to amend the technical requirements 2. Access contract -
Slide 80: WG Balancing
WG Balancing Feedback & workplan Plenary Meeting 19 December 2023
Slide 81: 27/09 & 14/11 WG BAL
27/09 & 14/11 WG BAL This is what the potential subhead looks like Date | First name Surname
Slide 82: 27/09 & 14/11 WG BAL
27/09 & 14/11 WG BAL – EU & BE Balancing Program Update – In 27/09 WG BAL – Elia explained that the latest version of the T&C aFRR, including changes on the aFRR Capacity Auction (TCO degradation cap), has been approved by CREG on 10/08 and has entered into force as of 28/09 – Elia reminded the PCs
Slide 83: 27/09 & 14/11 WG BAL
27/09 & 14/11 WG BAL – PfA T&C BRP in the context of connection to the EU balancing platforms – In 27/09 WG BAL, Elia presented the answers received on the PC in the framework of the amendment of the T&C BRP in the context of connection to the EU balancing platforms; Elia presented the imbalance pri
Slide 84: CREG's decision on the T&C BRP includes a RFA
CREG’s decision on the T&C BRP includes a RFA • CREG approved article 30.2 and introduced a RFA (Request for Amendments) regarding articles 2.2, 29, 30.1, 30.3, 30.4, 30.5, 30.6 and 30.7 • Two elements will require further discussion: • CREG requires a change in BRP balance obligation: in real-time,
Slide 85: Roadmap 2024
Roadmap 2024 Roadmap WG BAL Incentives 2024 PICASSO - iCAROS – MARI (PIM) Amélioration de la mise à disposition de données par Elia • Local go live of the new mFRR bidding and iCAROS phase 1 Mid May 2024 • Connection to EU mFRR balancing energy Vision et roadmap sur la flexibilité pour la platform J
Slide 86: WG Adequacy
WG Adequacy Feedback & workplan Plenary Meeting 19 December 2023
Slide 87: Main Topics from the Last Meetings
Main Topics from the Last Meetings
Slide 88: WG Adequacy – Overview of last Meetings
WG Adequacy – Overview of last Meetings Update on design topics WG 14/09/2023 Introduction to the Y-2 Auction & 200h rule #22 Update from the Cabinet Update on Net Balacing study [Compass Lexecon] Update on Cost of Capacity study [Entras] Update on Cross-Border CRM 13/10/2023 Update on design topics
Slide 89: Main Topics (1/2)
Main Topics (1/2) • Update on design topics • Elia presented its proposals on different topics such as Availability Monitoring, Payback Obligation & Secondary Markets • Elia presented its roadmap to integrate iCAROS data in the CRM • Presentations of several studies regarding the parameters of the C
Slide 90: Main Topics (2/2)
Main Topics (2/2) • Go-to-Market Plan – Availability Monitoring & Payback • Elia made a call for experts from the market to collaborate in the framework of Availability Monitoring & Payback Obligation • Calibration reports on Y-1 26/27 and Y-4 28/29 were presented following publication on 15th of No
Slide 91: Y-4 27/28 auction results
Y-4 27/28 auction results Key take-aways Volumes (after application of derating factor): All offered capacity was retained 1576 MW ↔ 1719 MW point B of demand curve Remaining 143 MW to be found in later auctions for ’27 – ’28 → Y-1 & Y-2(tbc) still to come Existing capacity participated to t
Slide 92: Roadmap 2024
-€ elia Roadmap 2024
Slide 93: Upcoming topics in 2024
Upcoming topics in 2024 WG Adequacy CRM Functioning Rules for the auctions Y-1/2025-26 & Y-4 2028-29 • Public Consultation of the CRM Functioning Rules v4 • Public consultation on the Capacity Contract CRM calibration • Scenario determination and calibration for the auctions Y-1/2026-27, Y-2/2027-28
Slide 94: Overview of Public Consultations in 2024
Overview of Public Consultations in 2024 WG Adequacy 01/12/2023 to Q2 2024 05/01/2024 • Public consultation on the • Public consultation on the CRM Scenarios for CRM Functioning rules Auctions Y-1/2026-27, Y- (ongoing) 2/2027-28 & Y-4/2029-30 Q1 2024 Q4 2024 • Public consultation on the • Public con
Slide 95: Agenda
Agenda 1. Approval of reports 07/03 and 13/09 5. Elia Memorandum 2. Results Stakeholder Survey 6. Feedback working groups + planning 2024 6.1. WG EMD-SO (incl. TF PEZ) 3. The Power of Flex 6.2. WG CCMD 4. Needs for flexibility participation in market 6.3. WG Belgian Grid Including proposals for reco
Slide 96: Miscellaneous
Miscellanious Estimated consultations 2024 and Planning 2024 Plenary Meeting 19 December 2023
Slide 97: Estimated consultations 2024
Scope: Disclaimer: Best effort In 2024 around 26 public consultation will • This high level overview is based on the legal deadlines included in the electricity law, FGC, the EU • Elia tries to spread the launch of the public consultations as much as be launched Around the same amount of network c
Slide 98: Plenary meetings 2024
Plenary meetings 2024 Friday, 1 March 16:15 – 18h Monday, 10 June 16:15h – 18h Monday, 23 September 16:15h – 18h Monday, 25 November 16:15h – 18h 110