Elia Group SA/NV · EURONEXT:ELI
Elia Group SA/NV — Investor Presentation (November 2019)
93 slides from Elia Group SA/NV's investor presentation, Nov 27, 2019
Slide 1: Working Group Balancing
Working Group Balancing 27/11/2019 |
Slide 2: Agenda
Agenda 1. Approval of the MoM of previous WG 8. iCAROS: achievements and workplan Balancing 9. Work plan 2020 2. Storm: T&C BRP status update 10.European integration 3. Imbalance tariff: recap on modifications of alpha parameter 11.ToE: external audit 4. LFC BOA & LFC means: feedback 12.Reassessment
Slide 3: Approval of the MoM of previous WG Balancing
Approval of the MoM of previous WG Balancing WG Balancing 27th of November 2019
Slide 4: Comments of Next Kraftwerke on aFRR capacity tender
Comments of Next Kraftwerke on aFRR capacity tender Request from Next Kraftwerke to reflect following discussion in the MoM: – Next Kraftwerke asks whether an incentivizing mechanism is planned on the 2nd auction to allow for higher costs, which would give it the possibility to grow quickly enough.
Slide 5: Storm: T&C BRP status update
Storm: T&C BRP status update WG Balancing 27th of November 2019
Slide 6: Offshore Integration: T&C BRP status update
Offshore Integration: T&C BRP status update T&C BRP – Updates following consultation feedback The “Storm at sea” definition has been adapted and precised The Art. 15 has been modified considering the following points: It has been clarified that the obligations related to offshore process only
Slide 7: Imbalance tariff: recap on modifications of alpha parameter
Imbalance tariff: recap on modifications of alpha parameter WG Balancing 27th of November 2019
Slide 8: Alpha modifications: reasons for change
Alpha modifications: reasons for change (As presented to the Working Group Balancing 18/02/2018) Objectives: alpha to be modified in order to – Better incentives for BRPs in case of structural imbalances – Apply single pricing: also an aditional incentive for BRPs with a position helping the system
Slide 9: Imbalance Tariff
Imbalance Tariff – Applicable as of 1 January 2020 – Clarifications added in formulation of formal tariff documents (specification of absolute value in order to achieve S-curve for both positive and negative imbalances) WG Balancing 27th of November 2019 9
Slide 10: LFC BOA & LFC means: feedback consultation
LFC BOA & LFC means: feedback consultation WG Balancing 27th of November 2019
Slide 11: Results of the Public Consultation
Results of the Public Consultation 4 answers are received which are non-confidential. The consultation report will be published on Elia’s website together with the new version of the LFCBOA and LFC MEANS after approval by CREG Actility Benelux Belgian Offshore FEBEG FEBELIEC (ACTILITY) Platform (BOP
Slide 12: Public Consultation: general questions
Public Consultation : general questions • FEBELIEC warns for the risk of linking evolutions in time (T&C BSP mFRR and LFC BOA / LFC Means) ELIA recognizes this risk and tries to avoid such situations wherever possible. The current formulation of the implementation planning already avoids a delay
Slide 13: Public Consultation: methodology (1)
Public Consultation : methodology (1) Dimensioning of the FRR needs • FEBEG comments on the justifications of applying the aFRR limitation • Elia refers to the justifications given in the explanatory note (i.e. acceptable system security and FRCE-quality) • Elia will monitor the FRCE-quality and can
Slide 14: Public Consultation: methodology (2)
Public Consultation : methodology (2) Dimensioning of the FRR means • FEBELIEC requests clarification of justifications on the shared capacity accounted in the dimensioning • Elia refers to the explanatory note (combination between legal limits of SOGL and limits to maintain sharing as an exceptiona
Slide 15: Public Consultation: transparency
Public Consultation : transparency • FEBELIEC asks for an indication of the results with the dynamic dimensioning method • Elia tries to be as transparent as possible with the data dump (November) and daily publications (December) • Elia clarifies that the upward FRR needs today is generally driven
Slide 16: Public Consultation: phase out mFRR FLEX
Public Consultation: phase out mFRR FLEX • FEBEG welcomes the reduction of mFRR FLEX share. • FEBELIEC urges to be cautious with reducing mFRR FLEX shares in view of consumer costs. • Elia presented and consulted the reasons for the foreseen phase out : • Better answer to the operational needs of th
Slide 17: Next steps
Next steps Data Data 1 feb 2019 dump 3 dec 2019 dump 3 feb 2020 Q1 2020 end 2020 … … mid Go Live mid Start Parallel Go Live daily Compliancy New aFRR november publication december Run procurement check method results • Elia published a data dump of the parallel run (PROB99, DET N-1, FRR needs) for u
Slide 18: mFRR T&C BSP: feedback consultation
mFRR T&C BSP: feedback consultation WG Balancing 27th of November 2019
Slide 19: General info on the T&C BSP mFRR consultation
General info on the T&C BSP mFRR consultation Non-confidential responses from: General conclusion: - Febeg - Constructive feedback - Febeliec - Support for Elia’s general vision, with some comments and suggestions for specific points - Actility - Centrica Result: - RWEST Some minor changes to the
Slide 20: Overview of feedback to the consulted T&C BSP mFRR (1) - Support
Overview of feedback to the consulted T&C BSP mFRR (1) - Support Positive feedback and appreciation expressed for: - The approach for open discussions & improvements made based on stakeholder feedback (informal consultation, workshop) - Elia’s hard work on drafting the new proposal T&C BSP mFRR incl
Slide 21: Overview of feedback to the consulted T&C BSP mFRR (2)
Overview of feedback to the consulted T&C BSP mFRR (2) - Concerns with changes to T&C for submission Overview of changes to the T&C for formal submission to CREG: Ref. Stakeholder feedback Elia modifications to the T&C BSP mFRR Annex 6 Request to reduce the period for the organization of Elia change
Slide 22: Overview of feedback to the consulted T&C BSP mFRR (3)
Overview of feedback to the consulted T&C BSP mFRR (3) - Concerns without changes to T&C Comments & concerns (more information on next slides) (non-exhaustive): - Concerns with go live during winter period - Comments on availability tests and penalties (general remarks as well as some concrete sugge
Slide 23: Overview of feedback to the consulted T&C BSP mFRR (4)
Overview of feedback to the consulted T&C BSP mFRR (4) STAKEHOLDER FEEDBACK ELIA FEEDBACK Elia maintains its proposal to implement these changes as soon as possible, concretely in February 2020. As presented previously to the Working Group Balancing: Go live during winter period Entry into force a
Slide 24: Overview of feedback to the consulted T&C BSP mFRR (5)
Overview of feedback to the consulted T&C BSP mFRR (5) Penalty for MW not made available Elia maintains its proposal of the penalty as consulted in the T&C BSP mFRR : • Feedback on the new design for the “MW (not) made available” penalty was both Mainly comments and new suggestions to positive and
Slide 25: Overview of feedback to the consulted T&C BSP mFRR (6)
Overview of feedback to the consulted T&C BSP mFRR (6) The T&C BSP mFRR include the value of the maximum price for energy bids (13500€/MWh). The Balancing Rules include the principle of the maximum price and the procedure for review of the value. Elia maintains the principle of the maximum price as
Slide 26: Implementation BSP
Implementation BSP – Technical guides shared during summer – Demo environments launched for: – STAR (tool for capacity bidding) – BMAP (tool for energy bidding) Elia Customer Relations and IT experts available for any questions and support. WG Balancing 27th of November 2019 26
Slide 27: Planning
Planning – Go-live dynamic dimensioning & new mFRR design: February 2020 – 3 February 2020: first daily capacity auction – 4 February 2020: first energy bidding/delivery following new design – Regulatory trajectory: – LFC BOA & LFC Means: formally submitted by Elia >>> CREG decision by 5 December –
Slide 28: Balancing rules: feedback consultation
Balancing rules: feedback consultation WG Balancing 27th of November 2019
Slide 29: Feedback to the Balancing Rules consultation
Feedback to the Balancing Rules consultation Non-confidential responses from: Febeg, Febeliec STAKEHOLDER FEEDBACK ELIA FEEDBACK Elimination from Balancing Rules concerns a clean-up of the document in line with earlier announced and approved evolutions. As discussed previously in Working Group Balan
Slide 30: Planning
Planning – Balancing Rules to be approved by go-live of dynamic dimensioning & new mFRR design: February 2020 – Regulatory trajectory: – Balancing Rules: to be submitted by Elia on 10 December >>> CREG decision end of January WG Balancing 27th of November 2019 30
Slide 31: Balancing rules: removal of IGCC profile limits
Balancing rules: removal of IGCC profile limits WG Balancing 27th of November 2019
Slide 32: Principles of IGCC
Principles of IGCC – The International Grid Control Cooperation (IGCC) platform automatically compensates for any opposite imbalances in the participating TSOs’ systems, provided that there is sufficient ATC – IGCC boosts the efficiency of the European balancing system and benefits participating TSO
Slide 33: Principles of profile limits
Principles of profile limits – Currently, the netting potential via IGCC for the Elia LFC Block is limited to the aFRR band of Elia (≈ 145 MW) – Reasoning behind this limitation: in case the netting via IGCC vanishes, the resulting imbalance can either be covered by aFRR activation, either remains r
Slide 34: Legal framework
Legal framework – The limits mentioned in the Imbalance Netting Implementation Framework (INIF) have a temporary character. Those are intended to be used for operational security reasons. This rule is assumed to apply starting 1 year after approval of the INIF No permament limits allowed after thi
Slide 35: Analysis of profile limits removal: impact on activations
Analysis of profile limits removal: impact on activations – mFRR activations: the trigger to activate mFRR is the System Imbalance, not the ACE No impact on mFRR activations – aFRR activations: – Study performed on 2016 data showed an increase of 7% volumes netted (netting is limited by ATCs and n
Slide 36: Analysis of profile limits removal: impact on ACE
Analysis of profile limits removal: impact on ACE IGCC netting was capped by profile limit – Elia performed an analysis to evaluate the impact of the removal of profile limits on ACE quality – In the largest majority of the cases, the suppression has a positive impact – One specific case where profi
Slide 37: Planning
Planning – Stepwise approach: progressive increase of IGCC profile limit towards no limitation – Increase the profile limit per steps (145MW, 200MW, 300MW, 400MW, 500MW) every 4 weeks. – Close to the end of each 4 week-period, Elia will assess the impact, identify lessons learned and validate the ne
Slide 38: iCAROS: achievements and workplan
iCAROS: achievements and workplan WG Balancing 27th of November 2019
Slide 39: Achievements 2019: iCAROS implementation project
Achievements 2019 : iCAROS implementation project Deliverable 1 : Compliance with SO GL as long as WIN-WIN and in agreement with all stakeholders first version of T&C OPA, T&C SA & Rules for Coordination and Congestion Management Public consultation 16/9 SOGL 14/3/2019 – 16/10/2019 FTR - 27/4/2019 2
Slide 40: Achievements 2019: iCAROS implementation project
Achievements 2019 : iCAROS implementation project Deliverable 2 : Realistic phased implementation of the iCAROS implementation project DSOs Phase 3 : Phase 2 : implementation Phase 1 : Design planning and organisation //@market parties //@DS0 Business processes New involved market parties Supporting
Slide 41: Stakeholder input 2019 – iCAROS fine-tuning workshops
Stakeholder input 2019 – iCAROS fine-tuning workshops • Workshop 1 : 2/4/2019 : Bidding of flexibility for redispatching: bid properties & Scheduled data exchange DA/ID for Energy storage [iCAROS design] • Workshop 2 : 22/5/2019 : Processes regarding outage planning [iCAROS design] • Workshop 3 : 24
Slide 42: Current target planning for iCAROS phased implementation
Current target planning for iCAROS phased implementation : TSO target design Today MARI Go-Live 2019 2020 2021 2022 2023 2023 1e INIT Phase 1e REA phase Explicit bidding for mFRR & Congestion* Selection and Activation of congestion bid Phase 1 Congestion compensation CRI implementation ID Production
Slide 43: Ambitions 2020: iCAROS implementation project
Ambitions 2020: iCAROS implementation project – FULL SCOPING of PHASE 1 BY SEPT 2020 – LAUNCH IT DEVELOPMENTS OCT 2020 BIDDING BY SA SELECTION & SCHEDULING CONGESTION INDICATOR ACTIVATION BY SA CALCULATION BY ELIA ID Scheduling CRI CONG Bidding block CRI filtering determination - Explicit bidding fo
Slide 44: Stakeholder input 2020 – iCAROS fine-tuning workshops
Stakeholder input 2020 – iCAROS fine-tuning workshops • Workshop 1 : 11 March 2020 – Start-up Phase 1 • Workshop 2 : 16 June 2020 – Follow-up Phase 1 • Workshop 3 : End Sept 2020 – Fine-tuning scoping Phase 1 • Workshop 4 : Begin December – initialization phase 2 WG Balancing 27th of November 2019 4
Slide 45: Work plan 2020
Work plan 2020 WG Balancing 27th of November 2019
Slide 46: Content
Content • Status product road maps FCR, aFRR, mFRR & next steps • Discretionary incentives 2020 • Status other product evolutions • LFC BOA 2020 • MVAR • iCAROS Disclaimer: this is draft work plan developed based on information which is available today. Further changes to this work plan are not excl
Slide 47: Status product road maps FCR, aFRR, mFRR & next steps
Status product road maps FCR, aFRR, mFRR & next steps WG Balancing 27th of November 2019
Slide 48: R1/R2/R3: product roadmaps with major steps
R1/R2/R3: product roadmaps with 3 major steps Open products to all Alll technologies (batteries, load,..) All players (independent BSP) All voltage levels (TSO & DSO levels) 2016 2020 Product opening Market rules harmonization Contractual harmonization Open our products to all: • Energy bidding r
Slide 49: Overview proposed roadmap
Disclaimer: all timings are mFRR design aFRR design indicative, subject to further FCR design detailed impact assessment and dependencies Overview proposed roadmap (as on 30/11/2017) Step 2: bid ladder market Step 3 MT model TBC iCAROS implementation 2018 2019 2020 202x EU BAL. ENERGY Free bids non
Slide 50: FCR
FCR 1/7/2020 • Change on 1/7/2020 • Implementation 3th step; Contractual merge CIPU/non CIPU • Daily tendering 6*4h • Marginal pricing • All Bal. Capacity procured on Regeleistung • Next steps • Minor product updates • Regional harmonisation WG Balancing 27th of November 2019 51
Slide 51: aFRR
aFRR • Change on 1/7/2020 1/7/2020 • Direct implementation of 3 steps • Portfolio bidding • Merit order activation energy • start gradual development target model: daily tendering 6*4h & merit order selection • Market access BSPs: BRP= BSP, opt out & passed through • Next steps • Join Picasso Q1 202
Slide 52: mFRR roadmap Q4 2016
NEMO go Live mFRR roadmap Q4 2016 EIF NC on EB (?) Start CoBA for mFRR/aFRR (?) Step 1: Product opening Step 2: bid ladder market Step 3 MT model 2017 2018 - 2019 2019 - 2020 • R3 Standard: open R3 Prod to non • Stop ICH (?) • Generic R3 & portfolio biddings CIPU • R3 Down • 1 GFA for all providers
Slide 53: mFRR
mFRR 1/2/2020 • Change on 1/2/2020 • New availability control; activation tests • Implementation 3th step; Contractual merge CIPU/non CIPU • Daily tendering 6*4h, merit order selection • Marginal pricing for settlement bal. energy • Next steps • Join MARI Q2 2022 (Deadline EBGL 1/7/2022) • First des
Slide 54: Discretionary incentives
Discretionary incentives WG Balancing 27th of November 2019
Slide 55: Discretionary incentives
Discretionary incentives • Remuneration of reserves: Paid-as-bid vs. Paid-as-cleared (deadline 23/12/’20) • Abolishment or reduction of DA balancing responsibility BRPs (deadline 23/12/’20) • Smart testing reserve availability (deadline 23/12/’20) • New Dimensioning methodology aFRR (deadline 30/09/
Slide 56: Status other product evolutions
Status other product evolutions • LFC BOA 2020 • MVAR • iCAROS WG Balancing 27th of November 2019
Slide 57: LFC BOA 2020
LFC BOA 2020 • End 2020 Elia shall propose a new LFC BOA proposal to the CREG • Proposal shall contain • new dimensioning methodology for the dimensioning of aFRR • Elaborated procedures for exceptional operational measures: • Exhausted Reserves • Escalation Procedure • FRSE measures • Other topics
Slide 58: Voltage service provision
Voltage service provision • Elia proposed in 2018 a new design for the voltage service • 2 important design changes A. Settlement and tariffs B. Evolution to mandatory service with price cap • Design changes B require a modification of the electricity law (planning uncertain) • Design changes A will
Slide 59: iCAROS
iCAROS Achievements 2019 • Compliance with SO GL as long as WIN-WIN and in agreement with all stakeholders : first version of T&C OPA, T&C SA & Rules for Coordination and Congestion Management submitted to CREG on 25/10/2019 • Realistic phased implementation of the iCAROS implementation project Plan
Slide 60: Overview year planning
Overview year planning WG Balancing 27th of November 2019
Slide 61: Overview 2020
Public Dedicated Go Live Deliverable Overview 2020 consultation workshop Jan Feb Mar Apr May Jun Jul Aug Sep Okt Nov Dec FCR T&C BSP T&C BSP &BRP aFRR mFRR Study Rx PAC vs PAB DA bal BRPs Rx Smart testing Dimensioning aFRR Study on DfD 4GW offshore LFC Block Agreement 2020 VSP T&C Tender 2021 iCAROS
Slide 62: Questions
Questions WG Balancing 27th of November 2019
Slide 63: European integration
European integration WG Balancing 27th of November 2019
Slide 64: EU balancing: proposals
EU balancing: proposals 2019 2020 May May Mar Mar Nov Dec Aug Feb Sep Feb Oct Apr Apr Jun Jun Jan Jan Jul Amendment Implementation Framework Imbalance Netting 1st RfA 2nd RfA ? aFRR Implementation Framework mFRR Implementation Framework Pricing proposal TSO-TSO Settlement RfA ? Activation Purposes R
Slide 65: ToE: external audit
ToE: external audit WG Balancing 27th of November 2019
Slide 66: Transfer of Energy Audit
Transfer of Energy Audit An audit by IBM into the Transfer of Energy process for ELIA Sander van Dam | Lead Consultant/Project manager Brussel | 27-11-2019
Slide 67: ToE audit team
ToE Audit We have assembled a Sander van Dam BA/MBA - Bert Streng RC/EMFC – Robert Vrees MSc – Jos Roling B Eng Power Engineering – Senior Lead Consultant/Project Senior Management Reserve Power team with both manager Consultant Settlement analyst industry consultant specific Sander is Associate Par
Slide 68: ToE audit: Regulations, Trust, Audit
ToE audit Regulations Trust Audit New regulation Settlement is based on Audit must assure that Elia and CREG formalizes transfer of trust processes and systems need an energy for participation - Underlying data cannot be have been designed to independent of flex in balancing shared with Suppliers, p
Slide 69: IBM follows a tailored approach to define the norm for repeated audits
ToE Audit IBM follows a tailored approach to define the norm for easily repeated audits and combine it with advise on process design There is no pre-existing We have assembled a Two areas of investigation checklist for the audit like e.g. in team with both specific Transfer of Energy primary ISO 9
Slide 70: We structured the ToE requirements
Audit work flow with inputs and outputs Identify Agree Assess Report We structured Context Risks Technical Elia process Internal report documentation volumes the ToE and organization Interviews requirements Regulation Require- al measures (“the Internal report into a standard ments standard”) Eviden
Slide 71: Requirements & TOMs in process areas
Requirements & TOMs in 8 process areas A. FSP Qualification: the area related to all steps involved in the contracting process for FSPs that want to participate in Transfer of Energy; B. Delivery Point Qualification: the area related to the validation of the FSP portfolio used for providing non-CIPU
Slide 72: We limit our scope to ToE specific controls
ToE Audit Type of control Examples • ISO 9001 Entity level controls implementation • Management reporting Organizational Not in scope Controls • Monitoring & handling of security breaches General IT controls We limit our • IT governance scope to ToE • Approval/Signoffs by specific Business Manual co
Slide 73: Last RfIs have been responded to, draft report issued
Last RfIs have been responded to, we have issued a draft report • We have issued 57 RfIs in total • Last responses received on May 17 • All assessment work apart from market supervision and gaming is complete 74
Slide 74: Observations 1/4
Observations 1/4 1. Delivery Point Qualification and Data Management processes for MV level connection points are executed by DSOs. There are insufficient process and application controls for Elia to supervise the activity. Since Elia is responsible and accountable and there is no contractual framew
Slide 75: Observations 2/4
Observations 2/4 4. Functionality to positively establish a late FSP notification in a consistent manner is lacking. Elia needs to manually determine whether and how often a FSP has missed a notification deadline. This may lead to arbitrariness in applying the penalty Recommended measure: create a
Slide 76: Observations 3/4
Observations 3/4 7. ToE process is implemented across multiple systems in complex manner in order to have real time notifications to BRPs about portfolio impactToE requires a complex IT solution and a lot of manual work. . This will not scale up to more, smaller units. This cost will grow when volum
Slide 77: Observations 4/4
Observations 4/4 9. A majority of controls are implemented as organizational controls, only a few controls are implemented as both organizational and technical . The solution will probably not scale with number of transactions and/or number of flex delivery points. It is difficult to manage quality
Slide 78: Reassessment of ToE in the aFRR market segment
Reassessment of ToE in the aFRR market segment WG Balancing 27th of November 2019
Slide 79: Agenda
Agenda State of play on different projects related to ToE ToE in DA/ID ToE in aFRR 80 WG BALANCING 27/11/2019
Slide 80: ToE in DA/ID
ToE in DA/ID WG Balancing 27th of November 2019
Slide 81: ToE in DA/ID - context and organization of the study
ToE in DA/ID - context and organization of the study • In the framework of the implementation of ToE in different market segments Elia performed in 2019 a study regarding the design elements and conditions necessary for: 1. ToE to the DA/ID markets 2. Combo possibilities DA/ID + bal: simultaneous pa
Slide 82: ToE in DA/ID - recommendations and Next Steps
ToE in DA/ID - recommendations and Next Steps • The market study concluded with the recommendation to implement ToE in DA/ID • Detailed final study including design adaptations as well as the consultation report can be found on the website • Elia is currently analyzing the implementation impact of t
Slide 83: ToE in aFRR
ToE in aFRR WG Balancing 27th of November 2019
Slide 84: Context – aFRR study in 2018
Context – aFRR study in 2018: • In the framework of the “aFRR non CIPU” study, Elia analyzed the necessary design that has to be put in place in order to extend the ToE to the aFRR market segment. • The economic opportunity of such an extension was also assessed during this exercise • Following obse
Slide 85: Context – observations and recommendations of the aFRR study
Context – observations and recommendations of the aFRR study 2. Economic opportunity: a. Volumes of flexibility that need ToE to participate to the aFRR product seem unclear or limited • Injecting technologies, often with pass-through contracts, accounted for the major part of the volumes that parti
Slide 86: Context – observations and recommendations of the aFRR study
Context – observations and recommendations of the aFRR study 2. Conclusions and next steps decided in 2018 Implement pass-through (ongoing: go live foreseen in Q1 2019 for mFRR and july for aFRR) and Allow ‘sooner’ the participation of non-CIPU assets to the aFRR with the alternative options (op
Slide 87: Situation Today
Situation Today: • The Pass-Through regime is currently under approval process for mFRR and aFRR. • PT regime is applicable to all (inj/offtake) delivery points under a specific “pass-through supplying contract” • PT regime does not require the agreement of the BRPsource (as for the ToE regime but e
Slide 88: Situation Today
Situation Today: • At this his moment, still several months before the go live of the aFRR market segment, no new insights have been observed regarding the those specific cases that need ToE • As far as there is no experience regarding the assets that can participate to aFRR non CIPU and no indicati
Slide 89: AOB & Meetings 2020
AOB & Meetings 2020 WG Balancing 27th of November 2019
Slide 90: Publication at Elia’s website – Article 12.3 EBGL
Publication at Elia’s website – Article 12.3 EBGL Publication of two downloadable reports (Incremental and Decremental ARC Merit Order) with all energy bids volumes in MW and prices plus start prices in €/MWh anonymized. An additional column with “Bid+Start Price” from which the merit order is based
Slide 91: Technical aFRR workshop & Meetings 2020
Technical aFRR workshop & Meetings 2020 – Technical aFRR workshop – What? Gateway capabilities and requirements – When? Wednesday 18 December, 2.30pm to 5pm – Where? Elia premises – Invitation will be sent this week Thursday – Meetings in 2020 – 17th of March, 9.00 am – 12.00 am (meeting to be confi
Slide 92: Changes to Market Development organisation
Changes to Market Development organisation Market Development James Matthys- Donnadieu Assistant Rebecca Lannau Team EU Team EU Market Team Belgian Team Balancing Team Adequacy PM Ademar PM ICAROS PM HVDC Balancing Integration Market Model Bob Hebb Nicolas Pierreux Benjamin Genet Anna Tsiokanos Patr
Slide 93: Thank you.
Thank you.