Elia Group Sa/nv · EURONEXT:ELI
Elia Group Sa/nv — Investor Presentation (December 2024)
124 slides from Elia Group Sa/nv's investor presentation, Dec 16, 2024
Slide 1: WG Energy Solutions of December 16th 2024
WG Energy Solutions of December 16th 2024 Hybrid meeting 16/12/2024
Slide 2: For a smooth teleconference with 30+ people
For a smooth teleconference with 30+ people … Some rules apply - Please put yourself on mute at any time that you are not speaking to avoid background noise. - If you receive a call, please ensure that you do not put this meeting on hold. - You can quit and reconnect later on. - You will be muted or
Slide 3: Agenda
Agenda 09:00 – 09:05: Welcome and approval MoM 09:05 – 09:45: Imbalance Price – Outliers Analysis 09:45 – 10:30: Real-Time Price – Evaluation parallel run 10:30 – 10:55: BRP-BSP – feedback workshops 10:55 – 11:25: Incentive ‘24 – BRP Settlement – public consultation report & final designs 11:25 – 11
Slide 4: Minutes of Meeting for approval
Minutes of Meeting for approval Minutes of Meeting of WG Energy Solutions of 26/11/2024 Comments: / Suggestion to approve: • The MoM of WG Energy Solutions of 26/11/2024 4
Slide 5: Imbalance Price – Outliers Analysis
Imbalance Price – Outliers Analysis Elise Aulanier
Slide 6: In short…
In short… ➢ Objective: Analyse if and why the imbalance price doesn’t always represent the real-time value of energy ➢ Key results: – For 2023: for 7.5% of the QHs, the imbalance price does not efficiently represent the system conditions – 5 dynamics are identified resulting to these outliers: - Ste
Slide 7: We study the delta between last spot price and the Imbalance Price
We study the delta between last spot price and the Imbalance Price as a function of the System Imbalance for all QHs of 2023 1. Plot IP-DA = f(SI) 7 Source : Open data Abbreviations: DA = Day-Ahead price; IP = Imbalance Price; MOL = Merit Order List, QH=Quarter Hour; SI = System Imbalance
Slide 8: 4 main groups of outliers can be identified
4 main groups of outliers can be identified where the SI value is not sufficient to explain the price of real-time energy 1. Plot IP-DA = f(SI) 2. Identify the outliers Outliers = QHs where the IP does not seem to correctly reflect the real time value of energy QH with high |SI| ➔ out of scope Outli
Slide 9: We manually analysed several QHs in the outlier zones
We manually analysed several QHs in the outlier zones to grasp the dynamics of the IP formation 1. Plot IP-DA = f(SI) QH 2. Identify the 19/10/2023 20:15 outliers 3. Deep dive in these QHs Look into a&mFRR MOLs & activations, system 15’ cumulated & system 1’ instantaneous values, etc. Zoom QH 14/03/
Slide 10: 25/10/2023 5:00 (1/3): what was the situation
25/10/2023 5:00 1 (1/3) : what was the situation • THE CONTEXT: Elia publication during the QH (cumulated values): What happened in the system (inst. values): 1. Plot IP-DA = f(SI) 2. Identify the outliers 3. Deep dive in these QHs aFRR SI switch SI switch SI switch SI switch activ. UP High SI > 0,
Slide 11: 25/10/2023 5:00 (2/3): what was done
25/10/2023 5:00 1 (2/3) : what was done Legend: (full or partially) activated bid linked bid • THE aFRR MOLS : 1. Plot IP-DA = f(SI) 2. Identify the outliers aFRR MDP is driven by all bids 3. Deep dive in < -740€/MWh these QHs Look into a&mFRR MOLs & activations, system 15’ cumulated & system 1’ ins
Slide 12: 25/10/2023 5:00 (3/3): high IP due to a domino effect
25/10/2023 5:00 1 (3/3) : high IP due to a domino effect PHASE SYSTEM IMBALANCE BALANCING NEEDS FRR AVAILABILITY PRICE BEFORE Large volume of System steadily 1. Plot IP-DA = f(SI) aFRR up had short before Timesteps where the 1st been activated aFRR bid (linked bid) is 2. Identify the still ramping d
Slide 13: Indicators built to quantify the impact of dynamics on outliers
Indicators around the main identified dynamics were built and used to quantify the impact of these dynamics on formation of outliers Build indicators 1. Plot IP-DA = f(SI) Test their impact against the full data set 2. Identify the outliers 3. Deep dive in these QHs 4. Cluster QHs by dynamic Build i
Slide 14: Outliers can be clustered in 5 main groups
Outliers can be clustered in 5 main groups Zoom mFRR overshoot Volume of activated mFRR significantly bigger than SI IGCC (b) Significant netted volume SI oscillation IGCC (a) Significant & aFRR linked bids netted volume & steep MOL & only final direction mFRR undershoot aFRR activated in both direc
Slide 15: Measures which could help alleviate contribution to outlier formation
For the main dynamics, we identified the measures which could help alleviate their contribution to outlier formation 1. Plot IP-DA = f(SI) Clusters 2. Identify the outliers Steep (1st half) aFRR MOL 3. Deep dive in these QHs SI oscillation & aFRR linked bids & steep aFRR MOL 4. Cluster QHs by & only
Slide 16: Coming events will affect the outliers
Coming events will affect the outliers, both positively and negatively Ongoing evolutions of aFRR markets Connection to PICASSO Go-live SDAC 15’ MTU Connection to MARI RTP: IP evolutions t 2024 2025 2026 2027 Q4 Q1 Q2 Q3 Q4 ✓ If ATC: more aFRR bids • Impact Belgian market available, at better price
Slide 17: What's next?
What’s next? • Close monitoring of the effect of the impactful events on Imbalance Price ✓ The Evaluation Plan of the new formula to be delivered one year after connection (end 2025). • Mitigating the outliers is a driver for improving the Imbalance Price ✓ Evolutions of the Imbalance Price shall ai
Slide 18: Real-Time Price – Evaluation parallel run
Real-Time Price – Evaluation parallel run Elodie Ciciriello
Slide 19: Publication of current imbalance price forecast
Publication of current imbalance price forecast What ? Publication of an imbalance price forecast with a confidence indicator • 1 minute before the quarter-hour • Confidence indicator indicates how sure Elia is about the forecast Feedback form When ? September 18 – November 22, 2024 https://forms.of
Slide 20: Publication availability
Publication availability • The availability of the publication was tested by calling traXes each minute. Each quarter-hour with at least one minute where the forecast was not calculated, or could not be retrieved completely and on time, is considered as an incident. • Elia detected 180/6156 quarter-
Slide 21: Quality of the forecast
Quality of the forecast Trial period (18/09/24– 22/11/24)
Slide 22: Indicators used to assess the quality
Indicators used to assess the quality To assess the quality of our forecast, we use the following indicators: • Forecast error distribution curve: gives the % of quarter-hours for which the forecast error, in absolute value, is under x€/MWh • % perfect forecast: % of quarter-hours for which error <
Slide 23: General forecast quality
General forecast quality • Similar quality than the first 1-minute imbalance price publication. • Similar quality than the historical analysis presented in September. • Perfect forecast 19% of the time. Forecast error distribution curve 1000 900 Forecast 1min publication Forecast error in absolute v
Slide 24: Quality of the forecast – Confidence indicator
Quality of the forecast – Confidence indicator (trial period) • The confidence indicator behaves as expected: forecasts with a high and medium confidence indicator are more qualitative. • More occurrences of high and medium forecasts than foreseen Forecast error distribution curve 500 High Medium Lo
Slide 25: Direction of the forecast error
Direction of the forecast error • We can forecast the direction of the imbalance price” (MIP/MDP) 86% of the time. 14% 19% • 19% of the quarter-hours have a perfect forecast 12% Perfect • We tend to underestimate the imbalance price (55% Underestimated Overestimated of the quarter-hours) → limited t
Slide 26: Direction of the forecast error (confidence indicator)
Direction of the forecast error (confidence indicator) • High forecasts: no risk to use the publication 86% of the time • Medium and high forecasts: no risk to use the publication 72% of the time • All forecasts: no risk to use the publication 74% of the time High High + Medium All 6% 12% 14% 8% 19%
Slide 27: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 28: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 29: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 30: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 31: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 32: Direction of the forecast error by system imbalance
Direction of the forecast error and average error by system imbalance Deadband • Forecast quality is on average better when the system is short (more liquidity in the upwards direction). 100% 200 • Better forecast quality in the deadband with an Repartition of the direction of the forecast error imp
Slide 33: Next steps? Imbalance price roadmap
Next steps ? Imbalance price roadmap
Slide 34: Imbalance price roadmap
Imbalance price roadmap Connection to PICASSO 2024 2025 2026 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 New imbalance price Change formula (PICASSO) Evaluation Plan formula definition Design note Regulatory journey Imbalance Improvement current imbalance price forecast Trial imbalance price forecast price publicati
Slide 35: Imbalance price roadmap
Imbalance price roadmap 2025 2026 Q3 2013 2013 2024 Q1 Imbalance New imbalance Design price formula price forecast Trial note operational 37 publication of the imbalance price forecast WGES 16 December 2024 37
Slide 36: Thank you.
https://forms.office.com/e/k3qqFQDnSz Thank you.
Slide 37: BRP-BSP – feedback workshops
BRP-BSP – feedback workshops Quentin Lambert
Slide 38: Recap: The user centered approach to product design
Recap: The user centered approach to product design WORKSHOP GOAL 1: DISCOVERY WORKSHOP GOAL 2: VALIDATION DISCOVER DEFINE DEVELOP DELIVER & RESEARCH & SCOPE & TEST & MEASURE Design thinking is To make sure we To make sure we And Collaboration build the right thing build the thing right Iterate Resu
Slide 39: Workshop approach
Workshop approach – 2h-workshop each for BRP & BSP – Remote setting, collaboration through virtual whiteboard – Agenda: • Welcome • Short checkin & whiteboarding intro • Discussions of digitalization concepts in smaller groups • Closing discussion on overall concept Results BRP/BSP digitalization wo
Slide 40: Feedback
Feedback "A lot of nice upcoming features that will surely be used“ Participant BRP workshop "Very interactive and informative“ Participant BSP workshop “The WS could be seen as a success, and this mostly by an innovative meeting approach (clearly a + for Elia reputation) and secondly by giving our
Slide 41: BRP digitalization workshop: Concept testing & feature prioritization
31/10/2024 BRP digitalization workshop: Concept testing & feature prioritization – Overall positive reception – Concepts were prioritized (see right), commented & additional ideas collected – Clear mandate to work on easy information access for BRP, allowing to cross check information with Elia’s da
Slide 42: Early design ideas as presented during the workshops
Early design ideas as presented during the workshops Final implementation may differ from what is depicted here Results BRP/BSP digitalization workshops 45
Slide 43: BSP digitalization workshop: Concept testing & discovery
07/11/2024 BSP digitalization workshop: Concept testing & discovery – Overall positive feedback to concepts presented – Concepts have been validated, comments & additional feature ideas collected – Clients expressed a strong interest in having a centralized source of information on documents/ contra
Slide 44: Early design ideas as presented during the workshops
Early design ideas as presented during the workshops Final implementation may differ from what is depicted here Results BRP/BSP digitalization workshops 48
Slide 45: BSP PRIO BRP PRIO
Imbalance overview BRP PRIO BSP PRIO Contract overview Contact management Invoice overview Settlement UI Financial Guarantee management Portfolio management Metering overview Metering Overview Registration management Perimeter overview Registration management 50
Slide 46: You haven't been able to give feedback during the workshops?
You haven‘t been able to give feedback during the workshops? We are still open for feedback! Please contact your KAM to signal your interest and we will schedule an individual session with you.
Slide 47: Incentive '24 – BRP Settlement – public consultation report & final design
Incentive ‘24 – BRP Settlement – public consultation report & final design Simon Serrarens
Slide 48: Recap of the CREG incentive Faster Settlement
Recap of the CREG incentive Faster Settlement Part 1 – Monitoring & analysis of the problems/improvement opportunities of the provisional allocations generated by Atrias – Q1 ‘24 Part 2 – Analysis of the historical risks as a consequence of too high or too low financial guarantees – Q1 ’24 Part 3 –
Slide 49: Recap of the study
-€ elia Recap of the study
Slide 50: Current settlement time – from delivery to suspension
Current settlement time – from delivery to suspension Elia receives Atrias DGO allocations Elia notices unpaid invoice M + 30 WD - Start suspension procedure Elia sends invoice - Start recovery via financial BRP receives formal notice by M + 35 WD guarantee registered letter In case the BRP does not
Slide 51: Proposition for settlement: Elia risk period reduced from 4,5 to 3M
Proposition for settlement: Elia risk period reduced from 4,5 to 3M Base invoice Provisional invoice monthly delivery period Payment term M + 6M 1 30 10 + 1 WD +30 CD M + 30 WD Regul. September October November … Suspension term: 20 CD Elia risk: invoices of 3 months → to be covered by financial gua
Slide 52: Proposition of new formulas for the financial guarantee
Proposition of new formulas for the financial guarantee • The current system of financial guarantees is inflexible and poorly adapted to actual market risk, due to 12-month highest invoice rule and an assumed imbalance price of 50 EUR/MWh • Invoice-based risk guarantee: • A formula based on recent i
Slide 53: Proposition for faster settlement and reduced payment term
Proposition for faster settlement, based on provisional allocations and a reduction in payment term Base invoice Provisional invoice monthly delivery period Payment term M + 6M 1 30 10 + 1wd +30 cd +14cd M + 30wd Regul. September October November … Suspension term: 20d Elia risk: 3 2,5 months invoic
Slide 54: Impact of reduced settlement period and changed formulas on financial guarantees
Impact of reduced settlement period and changed formulas on the financial guarantees Scenario All BRP – monthly average settlement time, financial Avg. covered amount Avg. exposed guarantee Outstanding amount (MEUR) Avg. guarantee (MEUR) Guarantee rel. (MEUR) Coverage amount (MEUR) Exposure 4,5M, cu
Slide 55: Feedback of the public consultation & final design
Feedback of the public consultation & final design
Slide 56: Feedback received during public consultation
Feedback received during public consultation Topic Reaction Elia’s feedback Additional invoice & shorter payment Interesting to work based on an additional provisional invoice but Elia Elia sees no possibility to allow BRPs to choose an invoicing regime since it could create a cash flow term should
Slide 57: Final design settlement period
Final design settlement period Base invoice Provisional invoice monthly delivery period Payment term M + 6M 1 30 10 + 1wd +30 cd +14cd M + 30wd Regul. September October November … Suspension term: 20d Elia risk: 3 2,5 months invoices → to be covered by financial guarantee 62
Slide 58: Final design financial guarantees in function of settlement
Final design financial guarantees in function of settlement • Elia proposes to select the option which makes use of provisional allocations to inform BRPs and for settlement; reduces the payment term; reduces the financial guarantee; and reduces exposure for Elia and society due to weights adding to
Slide 59: Implementation status & next steps
Implementation status & next steps
Slide 60: Status changes with no adaptation of T&C BRP
Status changes with no adaptation of T&C BRP • Within deliverable 3, Elia said it would implement 2 changes without need to change T&C BRP: 1. Daily publication of provisional allocations → available as of September 2024. 2. Implementation of warning system for BRPs when they can lower their financi
Slide 61: Next steps incentive
Next steps incentive • The incentive report, describing the final design proposition, is being finalized (including the transition plan and an indication of impacted articles in T&C BRP); • It will be published on the website of the public consultation, together with the feedback received during the
Slide 62: T&C BRP – Update & final design proposal
T&C BRP – Update & final design proposal Simon Serrarens
Slide 63: Scope of revision track 2025
Scope of revision track 1 2025 The public consultation will consist of the amendments from the current public consultation as well as some additional amendments: – Previous public consultation: SDAC & SIDC, service multiple BRPs and some other small changes, with market feedback incorporated – Addit
Slide 64: Scope of revision track 2025
Scope of revision track 1 2025 The public consultation will consist of the amendments from the current public consultation as well as some additional amendments: – Previous public consultation: SDAC & SIDC, service multiple BRPs and some other small changes, with market feedback incorporated – Addit
Slide 65: External inconsistencies
-€ elia External inconsistencies
Slide 66: External inconsistencies: problem statement & solution approach
External inconsistencies Problem statement & solution approach Problem: 1. Increase in external inconsistencies in the DA timeframe 2. No real possibility for the BRPs to resolve the inconsistency in ID, leading to second penalty. Proposed solution based on 3 pillars 1. Maximize external 2. Ensure a
Slide 67: External inconsistencies: maximise avoidance
External inconsistencies 1. Maximise external inconsistency avoidance • Warning system when missing a counternomination 30’ before gate closure time. • Warning system when entering a mismatching nomination. • Warning when entering an unusual nomination value. → Purely IT implementation (not describe
Slide 68: External inconsistencies: ensure DA nomination is made
External inconsistencies 2. Ensure DA nomination is made On the need for double-sided DA nominations: • It ensures that all market parties have a view on their confirmed trades. • Past events prove that even CCP nominations can be wrong or incomplete. Elia can therefore not rely on single-sided nomi
Slide 69: External inconsistencies: ensure DA nomination is made
External inconsistencies 2. Ensure DA nomination is made On the need for double-sided DA nominations: • It ensures that all market parties have a view on their confirmed trades. • Past events prove that even CCP nominations can be wrong or incomplete. Elia can therefore not rely on single-sided nomi
Slide 70: External inconsistencies: clear incentive to correct mistakes in ID
External inconsistencies 3. Clear incentive to correct mistakes in ID • Currently, the design and penalty scheme offers no guidance to a BRP as to whether to make the correct counternomination in ID (which leads to a second inconsistency invoice in the current design) or to not nominate, resulting i
Slide 71: BRP perimeter correction
-€ elia BRP perimeter correction
Slide 72: BRP perimeter correction: general approach
BRP perimeter correction General approach – Elia received an RfA from CREG on 14/11, to include a BRP perimeter correction in case of activation of technical measures for incompressibility. – It is the responsibility of the BRPs to be balanced in Real-Time. Failing this, the responsibility to mainta
Slide 73: BRP perimeter correction – computation methodology
BRP Perimeter correction – computation methodology Method ‘last Qh’ What: For each quarter hour (during which the curtailment signal has been ‘ON’): 𝑪𝒐𝒓𝒓𝒆𝒄𝒕𝒊𝒐𝒏 𝒑𝒆𝒓 𝑨𝒄𝒕𝒊𝒗𝒂𝒕𝒆𝒅 𝑷𝒐𝒊𝒏𝒕, 𝒇𝒐𝒓 𝒂 𝒄𝒖𝒓𝒕𝒂𝒊𝒍𝒆𝒅 𝑸𝒉 = 𝑷𝒎𝒆𝒂𝒔𝒖𝒓𝒆𝒅 𝒍𝒂𝒔𝒕 𝒏𝒐𝒏−𝒄𝒖𝒓𝒕𝒂𝒊𝒍𝒆𝒅…
Slide 74: Incentive '24 & '25 - Data provision roadmap
Incentive ‘24 & ’25 - Data provision roadmap Michiel Verbeeck
Slide 75: CREG Incentive: Why
CREG Incentive Why Improve the data offering of Elia towards the market actors by building a AMÉLIORATION DE LA MISE À DISPOSITION DE common roadmap so that your current and future data needs are fulfilled so DONNÉES PAR ELIA that you can unlock flexibility in the system. Improve existing data Build
Slide 76: Data provision roadmap realisations
Delivered Ongoing Proposal *if regulatory discussion are closed on time Proposal for 2025 Realisations H1 2024 H2 2024 H1 2025 H2 2025 Beyond Improve consistency of metering API for GU metering data BRP API for imbalance volumes data in EPIC Improve performance of EPIC API for ACH metering data Firs
Slide 77: Metering API for Grid Users
Metering API for Grid Users What is it and for who? The metering API is available to all Elia Grid Users who have a signed Co-created and tested connection contract and allows them to request metering data of their own access points and underlying metering points. with 3 grid users! • For historical
Slide 78: Opening the Elia Transparency SFTP
Opening the Elia Transparency SFTP What is it ? • It has been detected that usage of the Entso-e transparency platform has proven some difficulties. • Elia therefore proposes to open its SFTP to offer a backup consultation channel for Elia’s transparency data currently published on Entso-e. • The av
Slide 79: Agenda
Agenda 09:00 – 09:05: Welcome and approval MoM 09:05 – 09:45: Imbalance Price – Outliers Analysis 09:45 – 10:30: Real-Time Price – Evaluation parallel run 10:30 – 10:55: BRP-BSP – feedback workshops 10:55 – 11:25: Incentive ‘24 – BRP Settlement – public consultation report & final designs 11:25 – 11
Slide 80: Feedback on the public consultation of the T&C BSP FCR
Feedback on the public consultation of the T&C BSP FCR Raf Gheuens
Slide 81: Objective today; overview of responses; next steps
Objective today – Provide a summary of the main feedback on the proposed amendments to the T&C BSP FCR Overview response public consultation Next steps – Elia received non-confidential answers from: – Elia will finalize the consultation report & – FEBEG proposal of Amendments to the T&C BSP FCR – Fe
Slide 82: Limited Energy Reservoirs and State of Charge
Limited Energy Reservoirs and State of Charge STAKEHOLDER FEEDBACK RECEIVED ELIA’S VIEW • The changes presented in the documents seems very targeted for battery • Elia understands the need for a clear definition of the concept of State of Charge storages (BESS). FEBEG wants to remind that Limited En
Slide 83: Reserve Mode
Reserve Mode STAKEHOLDER FEEDBACK RECEIVED ELIA’S VIEW We were also wondering whether targeted units by additional properties With regards to the re-prequalification after 5 years, Elia would like to clarify that FEBEG which are already prequalified would need to prequalify again (at the all Providi
Slide 84: Prequalification of non-compliant units
Prequalification of non-compliant units STAKEHOLDER FEEDBACK RECEIVED ELIA’S VIEW We disagree with the proposal in Article II.11, allowing assets with technical While Elia understands the rationale of the BSP, Elia would like to further limitations, such as non-linear or delayed response, to request
Slide 85: Incentive '25 - Knowledge Management
Incentive ‘25 - Knowledge Management Sander Claeys
Slide 86: CREG Incentive Knowledge Management: What does it take?
CREG Incentive Knowledge Management | What does it take? Generally, Specifically, Make complex flexibility products more accessible for all Reach new players such as Elia GUs, SMEs & ESPs to take 1 2 market players a more active role in offering flex A. Organize 2 workshops with diverse market parti
Slide 87: CREG Incentive Knowledge Management: By when?
CREG Incentive Knowledge Management | By when? Timing of specific deliverables as set out in CREG decision Legend: Activity Deadline 2025 Q1 2025 Q2 2025 Q3 2025 Q4 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 11. Improve accessibility (depending on timing 1A. Organize 2 workshops 1B. Update desi
Slide 88: Incentive '25 – Prequalification process and requirements for low voltage assets
Incentive ‘25 – Prequalification process and Metering and Communication requirements for low voltage assets Arnaud Debray
Slide 89: The project in a nutshell
The project in a nutshell Goal of the study: Analyze the possiblity (and propose evolutions) to simplify the prequalification process as well as reduce measurement and communication requirements for LV assets to participate in various balancing services Presentation title 94
Slide 90: Involvement of WGES stakeholders
Involvement of WGES stakeholders – In the coming weeks and in January, we will actively interact with BSPs to gather inputs regarding the entry barriers to balancing markets for LV assets. Feel free to contact us if you have feedbacks to share – 3 presentations (in WGES or dedicated workshops) in wh
Slide 91: Incentive '24 – Energy Management Strategies – Feedback public consultation
Incentive ‘24 – Energy Management Strategies – Feedback public consultation Kris Poncelet
Slide 92: Timeline
Timeline WG ES Present preliminary Present Additional Dec 16 conclusions and conclusions before Submission final Publication of the recommendations public consultation updated EMS study report and consultation requirements and Workshop 1 Workshop 2 report updated dataset Jun 21 Sep 20 Feb 01 May Jun
Slide 93: General Feedback
General Feedback Market Feedback Elia’s response • Centrica Energy overall has a positive view of the proposed Elia thanks the stakeholders for their overall positive feedbacks. modifications to the EMS requirements. Elia agrees with BSTOR that different technologies face different technical • FEBEG
Slide 94: Feedback on the EMS requirements for combo's
Feedback on the EMS requirements for combo’s Considered Market Feedback Elia’s response point Clarification of • Bnewable appreciates Elia’s effort to harmonize the Elia thanks the stakeholders for their support of the proposed changes to requirements in case of a requirements for FCR and aFRR balan
Slide 95: Feedback on the other amendments of the EMS requirements
Feedback on the other amendments of the EMS requirements Considered point Market Feedback Elia’s response Conditions related to an EMS Centrica Energy, BSTOR, and Bnewable all Elia thanks the stakeholders for supporting this possibility. based on Intraday transactions support the possibility to use
Slide 96: Feedback on the EMS monitoring
Feedback on the EMS monitoring Considered Market Feedback Elia’s response point Elia has proposed a • Bnewable regrets the additional burden that the new Elia observes that stakeholders have shared mixed views on the “targeted monitoring” “targeted monitoring” introduces, especially considering intr
Slide 97: EU & BE Balancing Program Update
EU & BE Balancing Program Update Cécile Pellegrin / Kris Poncelet
Slide 98: Agenda of today's presentation
Agenda of today’s presentation • aFRR Design evolutions & PICASSO Go lives • Coming stakeholder management interactions – See • Working plan 2025 (CC & Balancing) 103
Slide 99: aFRR design evolutions & PICASSO Go lives
aFRR design evolutions & PICASSO Go lives
Slide 100: aFRR Design evolutions & PICASSO Connection
aFRR Design evolutions & PICASSO Connection 105
Slide 101: aFRR Design evolutions & PICASSO Connection
aFRR Design evolutions & PICASSO Connection • The 3 Go-live of aFRR Design Evolutions & PICASSO took place between Mid November and early December as foreseen and were successful, leading to a smooth and stable use of the new functionalities and of the connection to PICASSO with effective impacts on
Slide 102: Satisfaction of aFRR demands
Satisfaction of aFRR demands Decomposition of aFRR demand satisfaction (27/11/2024-10/12/2024) 16000 14000 In case cross-border capacity is 12000 available, the vast majority of Elia’s aFRR demand is satisfied 10000 through the European platforms [MWh] 8000 (and notably PICASSO) 6000 4000 Unsati
Slide 103: Selection and activation of Belgian aFRR Energy Bids
Selection and activation of Belgian aFRR Energy Bids Evolution of aFRR Energy activated in Belgium (1/11/2024-10/12/2024) 25 A clear decrease is observed in the Avg aFRR Requested [MW/Qh] 20 volume of activation of aFRR 15 10 Energy Bids in Belgium 5 0 Up Down Before PICASSO After PICASSO Select
Slide 104: aFRR Cross-border marginal prices (CBMPs)
aFRR Cross-border marginal prices (CBMPs) The observed aFRR CBMPs remain to a very large extent within very reasonable price levels
Slide 105: Impact on imbalance price – aFRR component
Impact on imbalance price – aFRR component • For negative system imbalances, aFRR Component the aFRR component tends to be 800 significantly lower after connection 600 to the aFRR Platform aFRR Component [€/MWh] 400 200 -700 -500 -300 -100 0 100 300 • For positive system imbalances, -200 the aFRR co
Slide 106: Impact on imbalance price formation – imbalance price
Impact on imbalance price formation – imbalance price Imbalance price [€/MWh] 1000 800 Imbalance price [€/MWh] 600 400 200 More moderate aFRR component 0 leads to lower imbalance prices -800 -600 -400 -200 0 200 400 -200 -400 -600 -800 System imbalance [MW]
Slide 107: Others
-€ elia Others
Slide 108: Contact persons
Contact persons KAM Energy Nicolas Koelman / Sybille Mettens / François Jadoul 113
Slide 109: Working Plan 2025
Working Plan 2025 Cécile Pellegrin / Alexandra Verbrugge
Slide 110: Outlook 2025 – Energy Solutions
Reminder WG BAL 26/11/24 Outlook 2025 – Energy Solutions An integrated outlook for the further development of flexibility as an enabler for the energy transition will be provided in a 2 steps approach, allowing market parties to provide feedback.: WG Energy Solutions 16/12 Beginning 2025 KEY DIMENSI
Slide 111: Incentives 2025
Reminder WG BAL 26/11/24 Incentives 2025 Incentives Will be followed in Optimisation économique de l'utilisation des produits d'équilibrage par Elia WG Energy Solutions Analyse de la faisabilité de la reconstitution du système, en tenant compte de l'évolution du mix WG Grid énergétique Monitoring de
Slide 112: Working plan 2025 – Flex Product FCR
Flex Product - FCR CURRENT SITUATION WORKING PLAN 2025 – TARGET GO LIVE All voltage levels can participate to FCR. 2 phases of design evolution are foreseen: • Phase I: compliance with regional rules to improve system security Connection with EU platform for capacity is in • Phase II: facilitation o
Slide 113: Working plan 2025 – Flex Product aFRR
Flex Product - aFRR CURRENT SITUATION WORKING PLAN 2025 – TARGET GO LIVE All voltage levels can participate to the aFRR Transfer of Energy, facilitating independent aggregation (respecting the roles for both the supplier/BRP products and connection with EU platform is in and BSP): place for energy b
Slide 114: Working plan 2025 – Flex Product mFRR
Flex Product - mFRR CURRENT SITUATION WORKING PLAN 2025 – TARGET GO LIVE High voltage & medium voltage can participate to The connection to the EU platform for bidding and activation of energy (MARI) will be in place. mFRR and transfer of energy is in place. Transfer of Energy Corrected Model will b
Slide 115: Flex Product – implicit balancing
Flex Product – implicit balancing CURRENT SITUATION WORKING PLAN 2025 During the year a parallel run on imbalance price Supply split, allowing different assets behind the meter with different BRP's/suppliers will be available forecast was performed as a first step in the for high-voltage connections
Slide 116: Working plan 2025 – BRP on EPIC
BRP WORKING PLAN 2025 – WE ARE ALSO CURRENT SITUATION on EPIC WORKING PLAN 2025 – TARGET GO LIVE WORKING ON The key focus will be on settlement and financial Additionally, further development is foreseen in guarantee based on follow-up of the CREG incentive contracting, onboarding & settlement. and
Slide 117: Working plan 2025 – BSP on EPIC
BSP WORKING PLAN 2025 – WE ARE ALSO CURRENT SITUATION on EPIC WORKING PLAN 2025 – TARGET GO LIVE WORKING ON The first steps in digitalization of the BSP interactions The key focus will be on settlement based on follow- The key focus will be on the first steps in structural through EPIC still need to
Slide 118: Overview public consultations/studies 2025
Overview public consultations/studies 2025 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Design note Imbalance price IMPLICIT evaluation plan & Real- Real-Time Price Time Price Formula Possible downward procurement Synergrid Release v3 document (LV capacity FRR (incompressibility Action ToE rules Plan) EXPLI
Slide 119: AOB – Next WG Balancing
AOB – Next WG Balancing Thomas Van der Vorst
Slide 120: Watts.happening – update announcement
Watts.happening – update announcement Charles Levecq
Slide 121: Watts.happening: value of potential flexibility
Watts.happening, informing you on the value of the potential flexibility in your assets and processes Watts.happening - Monetise your power portfolio • Market value simulation for CRM, FCR, aFrr, mFrr and now also Day ahead, intraday and imbalances markets • Updated calculation period: May 2023 to A
Slide 122: Launch public consultation – Formalization of technical measures in the LFC BOA
Launch public consultation – Formalization of the technical measures in the LFC BOA Arnaud Debray
Slide 123: Modifications in the LFC BOA
Modifications in the LFC BOA – Formalize the technical measure – Clarified in article 7.3 that Elia can request setpoints changes including to units connected to a public distribution grid (through the DSOs) to regulate an enduring high FRCE – Clarified that this measure will be used after depletion
Slide 124: 2025 WG Energy Solutions
2025 WG Energy Solutions • Dates for 2025 confirmed: • Thursday 06/02/2025 09:00 – 17:00 • Friday 04/04/2025 09:00 – 17:00 • Thursday 19/06/2025 09:00 – 17:00 • Thursday 25/09/2025 09:00 – 17:00 • Thursday 13/11/2025 09:00 – 17:00 • Thursday 18/12/2025 09:00 – 17:00 129