Elia Group SA/NV · EURONEXT:ELI
Elia Group SA/NV — Investor Presentation (April 2013)
48 slides from Elia Group SA/NV's investor presentation, Apr 17, 2013
Slide 1: Balancing Taskforce n°4
Balancing Taskforce n°4 17/04/2013 Elia ENMAN
Slide 2: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 3: Validation of Meeting minutes Balancing Taskforce 01/03/2013
Validation of Meeting minutes Balancing Taskforce 01/03/2013 Remarks on these minutes could be sent to filip.carton@elia.be - Final minutes will be validated on each next taskforce. Remark from Dieter Jong: • Regarding my remark at page 7 (top of the page): I said that the TSO should specify the s
Slide 4: Validation of Meeting minutes Balancing Taskforce 01/03/2013
Validation of Meeting minutes Balancing Taskforce 01/03/2013 ORES has no remark on the minutes of the meeting (01/03/2013), nevertheless we would like to add the following topic at the agenda of the next meeting (April 17th): • How ELIA see the integration of these initiatives (bid ladder, new ser
Slide 5: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 6: Feedback from experts working group: Ancillary Services provided by distributed resources
Feedback from experts working group “Ancillary Services provided by distributed resources” The goal of this working group is to reach a mutual consensus on new balancing products from distributed energy resources. One of the deliverables of this expert group is to propose concrete design adaptatio
Slide 7: R3 Dynamic Profile model (1/2): No correction of BRPs perimeter
“Ancillary Services provided by distributed resources” => Main characteristics of the model for “R3 Dynamic Profile” (1/2) 1. No correction of BRPs perimeter Example with activation of 40 MW to GU & no Example without activation correction BRP 2 BRP 2 Initial Position: +100 injection – 100 load = Ne
Slide 8: R3 Dynamic Profile model (2/2): Capacity Only product
“Ancillary Services provided by distributed resources” => Main characteristics of the model for “R3 Dynamic Profile” (2/2) 2. Capacity Only product BRP 1 BRP 1 Zone is short: -100 MW Position: Initial Position: -100MW -100MW Elia Activation Request @ GU: -100 MW Imbalance settlement: -100 MW @MIP NO
Slide 9: R3 Dynamic Profile: product description (1/3)
“Ancillary Services provided by distributed resources” => “R3 Dynamic Profile”: product description (1/3) 1. Needs • To open R3 to Distributed Energy Resources (AMR load and prod) through BSP participation • Resources at TSO level could also be eligible to be part of the BSP pool for this product •
Slide 10: R3 Dynamic Profile: product description (2/3)
“Ancillary Services provided by distributed resources” => “R3 Dynamic Profile”: product description (2/3) 4. Prequalification • DSOs could face with congestion issues if a curtailment is activated by a BSP on their grid • In order to mitigate this risk DSOs want to be involved in the prequalificatio
Slide 11: R3 Dynamic Profile: product description (3/3)
“Ancillary Services provided by distributed resources” => “R3 Dynamic Profile”: product description (3/3) 5. Availability Requirement of 100% availability; Based on real metering (15’ metering) and not on nominations; Controlled per quarter-hour; No control of availability during 2 hours aft
Slide 12: Data exchanges (1/2)
“Ancillary Services provided by distributed resources” => Data exchanges (1/2) 1. Communication when Activation • Elia activates an amount of energy thanks to the contracted reserved power through a “R3 Dynamic Profile” product. Communication when activation will have to be supported by different ag
Slide 13: Data exchanges (2/2)
“Ancillary Services provided by distributed resources” => Data exchanges (2/2) 3. Settlement of the service (Availability and Activation) • Elia verifies the availability and the activation of its contracted reserved power • Elia has an up-to-date view of the BSP pool • Each DSO has an up-to-date vi
Slide 14: Appendix: Tender Bid-Sheet for selecting R3 Dynamic Profile 2014
“Ancillary Services provided by distributed resources” => Appendix Tender Bid-Sheet for selecting R3 Dynamic Profile 2014 Volume Price Tariff Period May not be combined Volume(s) are divisible Offer R3_DP R3_DP with number [MW] [€/MW/h] [P,L-OP,BASE] [Offer number(s)] [Y/N] 1 2 3 4 5 GOAL: Minimize
Slide 15: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 16: ARP-contract changes – new art. 10,2
Various information and feedbacks => 1. ARP-contract changes – new art. 10,2 Rationale To clarify the perceived potential contradiction between o real-time reaction to price signals to help the ELIA-zone o obligation to be balanced at any time individually (cfr. 157 FTR / current ARP art 10) Ens
Slide 17: ARP-contract changes – new art. 10,2
Various information and feedbacks => 1. ARP-contract changes – new art. 10,2 Existing art 10 on ARP balancing obligations 10 Obligations d'équilibre de [ARP] Conformément au Règlement Technique Transport, [ARP] prévoira et mettra en oeuvre à tout moment durant l'exécution du Contrat tous les moyens
Slide 18: ARP-contract changes – new art. 10,2
Various information and feedbacks => 1. ARP-contract changes – new art. 10,2 10.1 Obligation d’équilibre individuel des Responsables d'accès = [ … Texte article 10 actuel …] 10.2. Participation des Responsables d'accès à l’objectif global du maintien de l’équilibre de la zone de réglage Sans préjudi
Slide 19: ARP-contract changes – new product R3 Dynamic Profile
Various information and feedbacks => 2. ARP-contract changes – new product “R3 Dynamic Profile” Where ? Foreseen in an adapted & completed Art. 11.1.2 « Fourniture de services auxiliaires » Rationale To accommodate the “R3 Dynamic Profile” product modalities Differentiating the various products
Slide 20: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 21: Solar forecast publication online
Various information and feedbacks => Solar forecast publication online! Solar Forecast Publication online since March 27, 2013 Monitoring capacity [2502MWp] Day-ahead aggregate (Belgium, provinces) forecasts [D+1,D+2,D+3] @ 11A.M. Intraday aggregate (Belgium, provinces) forecast [D] @ 11A.M.
Slide 22: Impact of Day-Ahead Forecast-Error Solar+Wind on SI
Various information and feedbacks => Impact of Day-Ahead Forecast-Error “Solar+Wind” on SI Balancing Task Force – 17/04/2013 Presenter: Manuel Aparicio 22
Slide 23: Results survey Enhancement balancing publications
Various information and feedbacks => Results survey “Enhancement balancing publications” Balancing Task Force – 17/04/2013 Presenter: Manuel Aparicio 23
Slide 24: Balancing Survey: Results ARPs
Various information and feedbacks => Balancing Survey: Results ARP’s Contract Proposal 1 Proposal 2 Proposal 3 Proposal 4 Proposal 5 Type Intraday B2B System SMS Service Archiving Available Connection Warnings Balancing Reserves Warnings 9 11 18 28 24 ARP 2 1 3 4 5 ARP 1 2 3 5 4 ARP 1 2 3 5 4 ARP 3
Slide 25: Balancing Survey: Results Grid Users
Various information and feedbacks => Balancing Survey: Results Grid Users Contract Proposal 1 Proposal 2 Proposal 3 Proposal 4 Proposal 5 Type Intraday B2B System SMS Service Archiving Available Connection Warnings Balancing Reserves Warnings 5 9 4 4 11 grid user 4 5 3 1 6 grid user 1 4 1 3 5 Only
Slide 26: Balancing Survey: Results Others
Various information and feedbacks => Balancing Survey: Results Others Contract Proposal 1 Proposal 2 Proposal 3 Proposal 4 Proposal 5 Type Intraday B2B System SMS Service Archiving Available Connection Warnings Balancing Reserves Warnings 10 13 14 22 25 other 2 1 3 4 5 other 2 1 3 5 4 other 1 3 2 5
Slide 27: Balancing Survey: Results All
Various information and feedbacks => Balancing Survey: Results All Contract Proposal 1 Proposal 2 Proposal 3 Proposal 4 Proposal 5 Type Intraday B2B System SMS Service Archiving Available Connection Warnings Balancing Reserves Warnings ARP 9 11 18 28 24 grid user 5 9 4 4 11 other 10 13 14 22 25 Tota
Slide 28: Thank you for your attention
Thank you for your attention For more information, contact Elia: Name Manuel Aparicio Company Elia Email manuel.aparicio@elia.be 28
Slide 29: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 30: R1/R2/R3/ICH evolutions for 2014 tendering: Introduction
R1/R2/R3/ICH evolutions for 2014 tendering => Introduction The document sent 10th of April summarizes the main evolutions proposed by Elia to R1, R2 and R3 contracts for 2014. The purpose is to collect market actor’s feedback on these proposals today so that Elia can take those into account. Such ev
Slide 31: Indicative calendar for 2014 tendering
R1/R2/R3/ICH evolutions for 2014 tendering => Indicative calendar for 2014 tendering In order to allow market participants to prepare at best Elia provided an indicative calendar. • April 10th Pre-design Freeze + Request for consultation with this note • April 17th Consultation of market during bala
Slide 32: Volumes 2014
R1/R2/R3/ICH evolutions for 2014 tendering => Volumes 2014 For 2014, ELIA has requested the CREG the approval to source the following volumes: 2013 2014 Primary Reserve s (R1) 91 MW 96 MW (to be confirmed as ENTSO-E value not yet known) Secondary Reserves (R2) 140 MW 140 MW Tertiary Reserves (R3) 66
Slide 33: Short Term Sourcing for R1 and R2 - introduction
R1/R2/R3/ICH evolutions for 2014 tendering => Short Term Sourcing for R1 and R2 - introduction Some consultation meetings were organized by the Minister’s cabinet early 2013 with producers, ELIA, and CREG on the current functioning of the procurement process for R1 and R2. As part of those consultat
Slide 34: Short Term Sourcing for R1 and R2
R1/R2/R3/ICH evolutions for 2014 tendering => Short Term Sourcing for R1 and R2 What: • Development of an intelligent sourcing process enabling single step optimization of total costs of sourcing R1 & R2, both on yearly and short term basis, while respecting 20%- 30% range for total ST-sourced volum
Slide 35: R1 - Elia proposes following products
R1/R2/R3/ICH evolutions for 2014 tendering => R1 - Elia proposes following products: Balancing Task Force – 17/04/2013 Presenter: Filip Carton
Slide 36: R1 - Elia proposes following split between products
R1/R2/R3/ICH evolutions for 2014 tendering => R1 - Elia proposes following split between products: Why: • To allow Elia to find the most optimal combination while maintaining the R1 Load product and the possibility to source primary control in France. Balancing Task Force – 17/04/2013 Presenter: Fil
Slide 37: Allow participation of aggregators for R1 load
R1/R2/R3/ICH evolutions for 2014 tendering => Allow participation of aggregators for R1 load What • Allow provision of the R1 Load (existing asymmetric product for Elia connected clients) service from a pool of access points Why • Increase options for provision of this product (as was done for ICH i
Slide 38: R3 Production - Activation Price
R1/R2/R3/ICH evolutions for 2014 tendering => R3 Production - Activation Price (amount paid to provider) What Proposal: Activation price = Free Bid price which can be updated on an intraday basis using the procedure “Intraday Nomination “in CIPU. Free Bids do not include start costs. Why • Current a
Slide 39: R3 Production – Secondary market
R1/R2/R3/ICH evolutions for 2014 tendering => R3 Production – Secondary market What • The secondary market introduced in 2013 for R1 and R2 is extended to R3 (same modalities). • Portfolio-based secondary exchanges of R3 Production will be enabled until day-ahead. Secondary transactions must be noti
Slide 40: R3 Production - Penalties
R1/R2/R3/ICH evolutions for 2014 tendering => R3 Production - Penalties What The non-availability penalty (or “reservation penalty”) scheme is entirely reviewed, following the same principles as the revision of those penalties for R1 and R2 in 2013. A single penalty, same for all providers, applie
Slide 41: R3 Production - Penalties
R1/R2/R3/ICH evolutions for 2014 tendering => R3 Production- Penalties Why This new penalty scheme: Is compatible with the secondary market (penalty per missing MW; no more links to the Y- 1 (individual) reservation price). Is more efficient: the penalty level is no more linked to the Y-1 reserv
Slide 42: FYI – Update general conditions for 2014 tendering
R1/R2/R3/ICH evolutions for 2014 tendering => FYI – Update general conditions for 2014 tendering Most of the modification are correction/adjustments based on recurrent remarks of our Suppliers; - Small corrections to align the versions in different languages. - Change of the title in order to includ
Slide 43: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 44: Definition of balancing Energy products survey
Characteristics of products for bid ladder => Definition of balancing Energy products survey In the framework of the “bid ladder platform” Elia will launch a survey on the definition of the balancing energy products which need to be offered on this platform. Scope of survey There are 2 kinds of tert
Slide 45: Definition of balancing Energy products survey: content and next steps
Characteristics of products for bid ladder => Definition of balancing Energy products survey Content Survey • General information • Description of current products/practices • Proposal by Elia for new products/practices • Survey to challenge Elia’s proposal Next Steps • Internal validation of Elia’s
Slide 46: Agenda
Agenda 1. Welcome 13h30 2. Validation of Meeting minutes dd 01-03-2013 (10’) 13h40 3. Feedback from experts working group “Ancillary Services provided by distributed resources” (60’) 14h40 4. Various information and feedbacks (30’) – Proposal for some ARP-contract changes – Confirmation that solar f
Slide 47: Questions and/or Remarks? Next steps & next meeting date
Questions and/or Remarks ? Next steps & next meeting date 1. Written comments on todays presentations are welcome! 2. Elia will send meeting minutes (incl all slides) for validation. 3. Next meetings - Reminder: • Next meeting (taskforce 5) on 24rd of May • Doodle TF6 will be included in the meeting
Slide 48: Thanks for your attention
Thanks for your attention 17/04/2013 Elia