Elia Group Sa/nv · EURONEXT:ELI
Elia Group Sa/nv — Investor Presentation (April 2025)
106 slides from Elia Group Sa/nv's investor presentation, Apr 4, 2025
Slide 1: WG Energy Solutions of April 4th 2025
WG Energy Solutions of April 4th 2025 Hybrid meeting 04/04/2025
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 – 09:30 – 09:35: Welcome and approval MoM – 09:35 – 10:05: Towards Roadmap 25-28 – 10:05 – 10:50: Finetuning of System Balance Philosophy – 10:50 – 11:00: Coffee break – 11:00 – 12:00: Real-Time Price – design note II – 12:00 – 12:15: Febeliec - Barriers of entry to Elia’s explicit balancing
Slide 4: Minutes of Meeting for approval
Minutes of Meeting for approval Minutes of Meeting of WG Energy Solutions of 06/02/2024 • No comments received. • Suggestion to approve. 4
Slide 5: Towards Roadmap 2025
Towards Roadmap 2025 Alexandre Torreele
Slide 6: Executive Summary
Executive Summary - Elia has been working the last years on the logic of waves as catalyst of change to further improve the functioning of the market in Belgium - Focus and impact for the market from 2016 to 2020: Opening of Balancing products to all type of technologies and for all voltage levels -
Slide 7: A holistic approach towards increasing flexibility needs
A holistic approach towards increasing flexibility needs Context Impact on Elia Answers of Elia A rapidly changing environment… … with challenges & opportunities… … requires an ambitious but pragmatic approach > RES intermittency Flexibility needs: Keep “needs” under control: • Enforced BRP role > D
Slide 8: First wave of changes: Opening Balancing Market
First wave of changes with impact for market parties: Opening Balancing Market to : 2016 - 2020 All technologies All players All voltage levels FCR aFRR mFRR Opening to all * Although T&Cs have opened the services to all technologies & (Apr 2017) (Oct 2020) (Jan 2017) voltage levels, additional effo
Slide 9: Second wave of changes: Harmonising Balancing Energy Products
Second wave of changes with impact for market parties: 2021 - 2025 Harmonising Balancing Energy Products & Integrating EU FRR Energy Markets PICASSO*: Nov 2024 MARI**: May 2025 9 * Connection with 1st application of aFRR elastic demand ** The harmonised mFRR design went live in May 2024
Slide 10: What are the next priorities? (1/2)
What are the next priorities? (1/2) Connect the Horizontal system and the vertical system! Balancing Capitalize on XB opportunities: • Reduce balancing energy activation costs • Investigate potential for XB balancing capacity procurement High • Leverage on foreign liquidity Voltage • Open opportunit
Slide 11: What are the next priorities? (2/2)
What are the next priorities? (2/2) Joint consideration of congestion management and balancing is needed due to increasing interaction Balancing RT Congestion Management High Voltage Offering same kWh for congestion management and balancing Medium Voltage Low Voltage Price Signal Signal GRID USER
Slide 12: Steps towards a concrete roadmap
Steps towards a concrete roadmap Alignment on system balancing Priorities & design philosophy options towards realisation system Roadmap 2025- balancing 2028 April 2025 – start philosophy establishment WG Energy June 2025 Solutions 04/04 May 2025 Reflection on the working of the WG (format, naming a
Slide 13: Finetuning of System Balance Philosophy
Finetuning of System Balance Philosophy Status, key open questions and way forward Caroline Bosschaerts
Slide 14: What is the Elia system balance philosophy?
What is the Elia system balance philosophy? ➢ A document aiming at explaining the way we apply a decentralized balancing model in Belgium, which should serve as “north star” to steer the studies, product & market design evolutions to be initiated in the coming years ➢ This document was first created
Slide 15: Drivers for 2025 finetuning exercise
Drivers for 2025 finetuning exercise Purpose of today’s presentation is to give the status of this exercise and explain the key remaining open questions, as well as the way forward to address them Presentation title 15
Slide 16: The causes of real-time disturbance
The causes of real-time disturbance 1 KEY OPEN QUESTION n°1 : How are the RT disturbances (and hence the flexibility needs) going to evolve in the next 10 years considering the increased penetration of renewables and the increased frequency of congestion management actions (up to real-time)? Present
Slide 17: The contribution of BRPs to solve the RT disturbance
The contribution of BRPs to solve the RT disturbance 2 KEY OPEN QUESTION n°2 : How to make sure that implicit reaction to Imbalance Price (IP) is facilitated (on a full level playing field) without making it more attractive than participating in explicit balancing products? 2’ KEY OPEN QUESTION n°2
Slide 18: The activations made by the TSO to solve the residual RT disturbance
The activations made by the TSO to solve the residual RT disturbance 3 KEY OPEN QUESTION n°3 : When defining the mFRR volume to be demanded, what should be the objective function pursued by the TSO? 4 KEY OPEN QUESTION n°4 : Is it feasible and how to implement such an objective function in practice?
Slide 19: Procurement of balancing capacity for explicit activations
Procurement of balancing capacity to secure the availability of balancing energy for explicit activations 5 KEY OPEN QUESTION n°5 : When defining balancing capacity procurement strategy, which objective function should be pursued by the TSO? 6 KEY OPEN QUESTION n°6 : Is it feasible and how to implem
Slide 20: Lower the barriers to unlock additional flexibility
Lower the barriers to unlock additional flexibility 7 KEY OPEN QUESTION n°7 : How and to which extent should the barriers for participation in the balancing (capacity and energy) markets be lowered, while avoiding a downgrade of the products? 20
Slide 21: Summary - Key open questions
Summary - Key open questions Evolution of the flexibility needs in the next 10 years Partly addressed in AdeqFlex ’25 – to be 1 complemented by roadmap 2025-2028 Facilitation of implicit reaction for assets that cannot RTP (Imbalance price formula evolutions + Imbalance 2 participate to explicit bal
Slide 22: Way forward
Way forward Today WG ES June 2025 • The status of the Address key open questions n° 3 and 5 (objective • Today’s presentation exercise (consisting functions) and integrate the other remaining key will be in finetuning the open questions in the roadmap 2025-2028 complemented by system balance answers
Slide 23: Real-Time Price – design note II
Real-Time Price – design note II Elise Aulanier
Slide 24: Executive summary
Executive summary ➢ “Real-time price” design note II: • It outlines Elia’s approach to refining the Imbalance Price formula • It details the three main drivers of price evolutions (section I.) and the key five objectives (section II.) • “Hands-on”, it discusses potential formula concepts (section I
Slide 25: Second Real-time price design note: update and feedback
This second “Real-time price” design note aims to provide an update and collect feedback for the evolutions of the Imbalance Price formula ➢ The “Real-time price” initiative aims to reshape the Imbalance Price ➢ To achieve this aim, evolutions are twofold: the improvement of the price formula itself
Slide 26: Elia identifies 3 main drivers influencing these evolutions
Elia identifies 3 main drivers influencing these evolutions (section I.) Driver 1 Connection EU aFRR platform Connection EU mFRR platform 2023 2024 2025 2026 Q1-Q3 Q4 Q1-Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2-Q4 Change in formula (PICASSO) Evaluation Plan post PICASSO/MARI Driver 2 Imbalance Price outliers anal
Slide 27: We focus on key objectives for the Imbalance Price
We focus on 5 key objectives for the Imbalance Price (section II.) VISION Provide a robust and reliable price signal in real-time, supporting an effective decentralized balancing model and allowing assets which cannot participate explicitly to valorize their flexibility implicitly. According to Elia
Slide 28: According to Elia, the Imbalance Price should strive to ...
According to Elia, the Imbalance Price should strive to ...
Slide 29: Objective 1: Representative of average system conditions over the ISP
Objective 1: Be representative of the average system conditions over the ISP → Imbalance Price outliers analysis 1. Plot Imbalance Price - Day Ahad price = f(System Imbalance) 2. Identify the outliers Outliers = quarter-hours where the Imbalance Price does not seem to correctly reflect the real time
Slide 30: Objective 1: Imbalance Price outliers analysis
Objective 1: Be representative of the average system conditions over the ISP → Imbalance Price outliers analysis Zoom mFRR overshoot IGCC (b) SI oscillation IGCC (a) & aFRR linked bids & steep MOL & only final direction mFRR undershoot Steep (1st half) & steep aFRR MOL aFRR MOL "Real-time price" des
Slide 31: Objective 2: Targeted for assets that cannot participate explicitly
Objective 2: Be targeted for assets that cannot participate explicitly → System Balance Philosophy finetuning ➢ From a balancing cost perspective: Increasing flexibility Covered by flexibility needs means 1 MW explicit flex ~ 1 MW implicit flex (partial procurement) FACILITATE Price-based implicit c
Slide 32: Objective 3: Discourage intra-ISP oscillations
Objective 3: Discourage intra-ISP oscillations created by real-time implicit reactions ➢ Implicit balancing: one imbalance settlement price per quarter-hour → no aFRR-like reaction! ➢ Avoiding price-driven intra-ISP oscillations from real-time reactions is a must for a safe and well- functioning dec
Slide 33: Objective 4: Be future-proof as balancing strategy evolves
Objective 4: Be future-proof as balancing strategy evolves ➢ Current balancing model: proactive mFRR Scheduled Activation and aFRR limited to intra-ISP fluctuations BALANCING STRATEGY EVOLUTION? ➢ But tomorrow? mFRR platform demand submission O RE F QH - 4 minutes BE W NO QH - 11 minutes aFRR become
Slide 34: Objective 5: Be publishable close to real-time
Objective 5: Be publishable close to real-time ➢ Continue the current 1-min Imbalance Price publication with cumulative values and introduce an Imbalance Price forecast, so that the maximum flexibility can be engaged in the system in an efficient and safe way → ensure a level playing field for all B
Slide 35: How can we reach those objectives?
How can we reach those objectives?
Slide 36: Potential concepts of formulas and evaluation
Potential concepts of formulas are defined (section III.) and the most promising ones are evaluated against the 5 price objectives (section IV.) “Ingredients” “Recipes” “Tasting” “Quality control” “Quality control” Determine components: Define Imbalance Price Assess against the 5 key aFRR, mFRR, spo
Slide 37: Formula components: Ingredients
Potential concepts of formulas are defined (section III.) and the most promising ones are evaluated against the 5 price objectives (section IV.) Passed quality Compo. name Definition control? 𝑷𝒎𝑭𝑹𝑹,𝟏𝟓’ “Ingredients” “Recipes” “Tasting” mFRR marginal price max 𝑴𝑷𝒎𝑭𝑹𝑹,𝑺𝑨…
Slide 38: Imbalance Price formula concepts: Recipes
Potential concepts of formulas are defined (section III.) and the most promising ones are evaluated against the 5 price objectives (section IV.) Passed quality Formula name Definition control? “Recipes” “Recipes” 𝒎𝒂𝒙 𝑷𝒂𝑭𝑹𝑹,𝟏𝟓’ , 𝑷𝒎𝑭𝑹𝑹,𝟏𝟓’ , “Tasting” 𝑺𝑰 ≤ 𝟎 𝑴𝑾 𝑰𝑷 =…
Slide 39: Tasting: assessment against the 5 objectives
Potential concepts of formulas are defined (section III.) and the most promising ones are evaluated against the 5 price objectives (section IV.) “Tasting” e.g. Visual output of the test “self-learning bots implicit balancing” Assess against the 5 key objectives Test protocol details in Appendices "R
Slide 40: Feedback will support refining Imbalance Price formula
Feedback collected will support ongoing work on refining the possible evolutions of the Imbalance Price formula ➢ This note provides an update on the Imbalance Price formula reflections. ➢ Public consultation period: April 4th to May 16th 2025 ➢ We are looking forward for your feedback! Feel free to
Slide 41: Barriers of entry to Elia's explicit balancing products
Barriers of entry to Elia’s explicit balancing products Proposal of list of barriers to be lowered Febeliec represents the industrial consumers of electricity and natural gas in Belgium
Slide 42: Proposal Febeliec: barriers to entry are too high
Proposal Febeliec • Barriers to entry to Elia’s explicit balancing products are too high – Barriers to entry are strongly linked to access to the market – Elia is the monopolist and should enable access to the market as much as possible – In the past, Elia has proven to be a pro-active, pro-competit
Slide 43: Proposal Febeliec (2)
Proposal Febeliec 3. Standard products are very challenging to deliver, even sometimes impossible (mFRR: you can change every quarter of an hour), while the legal framework allows for minimum activation or neutralization (not implemented) => must change at EU 4. Elia can create specific products to
Slide 44: Proposal Febeliec (3)
Proposal Febeliec 7. Multiple FSP per delivery point (per access point is already possible) 8. FSP – industry: voluntary standard contract? 9. Review of penalties: progressive penalty (first breach: benefit of the doubt) 10. All tension levels should be able to participate in the explicit reserve ma
Slide 45: Agenda
Agenda – 09:30 – 09:35: Welcome and approval MoM – 09:35 – 10:05: Towards Roadmap 25-28 – 10:05 – 10:50: Finetuning of System Balance Philosophy – 10:50 – 11:00: Coffee break – 11:00 – 12:00: Real-Time Price – design note II – 12:00 – 12:15: Febeliec - Barriers of entry to Elia’s explicit balancing
Slide 46: EU & BE Balancing Program Update
EU & BE Balancing Program Update Martine Verelst / Cécile Pellegrin / Kris Poncelet
Slide 47: Agenda of today's presentation
Agenda of today’s presentation • MARI update • Imbalance netting in the aFRR dimensioning • Coming Stakeholder management interactions : T&C consultation planning 47
Slide 48: MARI update
-€ elia MARI update
Slide 49: MARI update
MARI update Reminder – WG ES 06/02/25 • Now that we’re connected to PICASSO and have ended the related hypercare period, work of all concerned teams is put on priority on the preparation of our accession to MARI. • As announced in last WG Energy Solution, in this context, the detailed planning of th
Slide 50: Imbalance netting in the aFRR dimensioning
Imbalance netting in the aFRR dimensioning
Slide 51: Context: the role of imbalance netting in aFRR dimensioning
Context: the role of imbalance netting in the aFRR dimensioning • The aFRR needs are primarily dimensioned to cover 99% of simulated aFRR activations via a probabilistic method (complemented by a feedback loop adapting the aFRR needs in function of the performance on the FRCE target parameters). • T
Slide 52: Challenges following the accession to the aFRR-Platform
Challenges following the accession to the aFRR-Platform While the fundamental idea is to consider imbalance netting in the dimensioning: 1. The LFCBOA is ambiguous with respect to accounting for imbalance netting in the simulated aFRR activations : • LFCBOA Article 9(3) and Article 9(5) generally re
Slide 53: Proposed way forward following an alignment with CREG
Proposed way forward following an alignment with CREG Target solution: • Actively look for solution on the aFRR-Platform to retrieve the data related to implicit netting (ongoing) • Perform the necessary amendments in the Elia applications to consider this additional data • Clarify in a following am
Slide 54: Coming stakeholder management interactions
Coming stakeholder management interactions
Slide 55: T&C BSP consultation planning
T&C BSP consultation planning • Coordinated public consultation on the T&C BSP FCR, aFRR and mFRR • Planned to start second half of May • Changes concern: • BSP Faster Settlement • FCR Evolutions (phase II) • mFRR Low-Voltage • Some other minor precisions / corrections 55
Slide 56: Flex Product - mFRR working plan 2025
Reminder WG ES 16/12/2024 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 Ene
Slide 57: Flex Product – access LV to mFRR + ToE CSM on headmeters
Flex Product – access LV to mFRR + ToE CSM on headmeters HIGH LEVEL CONCEPT IN MORE DETAILS • aFRR LV was used as a basis to define the Similar to aFRR LV mFRR LV concept • Conditions for Low-Voltage Delivery Points to participate: inclusion of Low-Voltage Delivery Points, with a • Keep it as simple
Slide 58: Contact persons
Contact persons KAM Energy Nicolas Koelman / Sybille Mettens / François Jadoul 58
Slide 59: Balancing Products – retrospective 2024
Balancing Products – retrospective 2024 Raf Gheuens / Suzanne Guérard / Kris Poncelet
Slide 60: Wholesale market evolutions
Wholesale market evolutions
Slide 61: Wholesale market evolutions
Wholesale market evolutions ‒ Overall, in 2024, prices on the wholesale energy markets had a downward trend. ‒ The average BE day-ahead prices decreased with respect to previous years driven by higher RES production (solar and wind). ‒ The gas price also dropped (2024: 38 €/MWh vs 2023: 44€/MWh) lin
Slide 62: Wholesale market evolutions
Wholesale market evolutions A B Data source : Epex A ‒ Limited number of price spikes in the day-ahead market → Linked to more tense situation in the CWE region. B ‒ Increasing number of hours with negative prices, mainly in the summer period, highly correlated with solar production and increasing s
Slide 63: FCR – aFRR – mFRR Overview
aia Overview FCR - aFRR—-mFRR i DX ( pREB oe
Slide 64: Wrap-up of capacity costs in 2024
Wrap-up of capacity costs in 2024 : Stable but heterogeneous across products. Total capacity costs in 2022, 2023 & 2024 Costs in M€ FCR aFRR* mFRR 2022 20,1 174,7 78,0 2023 16,4 74,2 70,9 2024 30,6 83,8 45,9 (*) Note: In 2024, the volume to procure for aFRR was dynamically determined as of 1st of Oc
Slide 65: Wrap-up energy costs in 2024
Wrap-up energy costs in 2024 Total activation costs in 2023 & 2024 Costs in M€ aFRR mFRR 2023 34,2 86,5 2024 59,4 73,8 Total balancing activation costs increased in 2024 by 10% versus 2023. aFRR activation costs strongly increased in 2024 driven by more negative prices in downward direction prio
Slide 66: FCR
aia FCR S GRGS a
Slide 67: FCR capacity auctions – No convergence with XB prices
FCR capacity auctions – No convergence (yet?) with XB prices. – Increase in volume to be procured (86 to 93MWs / Core share 27 to 28MWs) Year FCR to Core Avg BE Avg XB Total FCR – Liquidity remained very tight be procured Share BE price (€/MW/h) price (€/MW/h) capacity cost (M€) • It resulted in BE
Slide 68: FCR market evolution – improved liquidity
FCR market evolution – Strong improvement in the liquidity on the market following the aFRR D-1 go-live. Despite the limited liquidity observed in 2024, there was a clear positive evolution during the year. • shift of GCT of aFRR capacity auction in October has resulted in a clear increase in offere
Slide 69: LV increased their participation to FCR capacity market
Overview of market – LV increased their participation to FCR capacity market Prequalified volume evaluated on 31/12/204 - In 2024, participation of LV capacities to the FCR capacity market kept increasing (+7MW) and represents 6% of the prequalified volume. - In terms of participation, FCR is mainly
Slide 70: aFRR
aia aFRR GRGS a
Slide 71: Liquidity in aFRR capacity market strongly increased
The liquidity in the aFRR capacity market strongly increased end 2024-start 2025 The relative liquidity is further increased by an observed The volumes offered in the single-CCTU aFRR capacity decrease (on average) of the procured aFRR capacity product significantly increased end 2024 – beginnin
Slide 72: Increase in awarded Single-CCTU volumes
The increase of liquidity in the Single-CCTU product led to an increase in awarded Single-CCTU volumes… Throughout 2024, the share of volumes awarded from the All-CCTU product remained rather stable Significant ALL-CCTU share in the upward direction. Highly limited All-CCTU share in the downwa
Slide 73: Significantly lower capacity prices/costs start 2025
… which result in significantly lower capacity prices/costs start 2025 While aFRR capacity prices (and costs) slightly increased in 2024 (relative to 2023), a significant decrease in aFRR capacity prices and costs is observed early 2025 due to more and more competitive Single-CCTU bids The strong in
Slide 74: Also in aFRR Energy the liquidity is gradually increasing
Also in aFRR Energy the liquidity is gradually increasing Volumes of non-contracted upward aFRR Energy Volumes of non-contracted downward aFRR Energy Bids remain highly limited and stable throughout 2024 Bids further increased following the connection to the aFRR-Platform on 26th of November 202
Slide 75: Selection and activation of aFRR Energy Bids
Selection and activation of aFRR Energy Bids remained stable until connection to the aFRR-Platform Activations of Belgian aFRR Energy Bids are strongly reduced following the connection to the aFRR-Platform- (in both upward and downward direction) The vast majority of the aFRR demands in both upw
Slide 76: aFRR energy prices significantly decreased
aFRR energy prices significantly decreased following the connection to the aFRR-Platform The connection to the aFRR-Platform has led to significantly lower prices for aFRR Energy (in particular for downward aFRR Energy) The connection to the aFRR-Platform led to more moderate imbalance prices
Slide 77: aFRR balancing costs strongly reduced
aFRR balancing costs have strongly reduced following the connection to the aFRR-Platform The cost for aFRR balancing energy (including imbalance netting) has very drastically reduced following the connection to the aFRR-Platform and the increase of liquidity in aFRR Energy Bids • Jan 2024 – Oct 20
Slide 78: Regulation quality significantly improved
Regulation quality significantly improved following the connection to the aFRR Platform Access to additional liquidity following the connection to the aFRR-Platform significantly reduced the average absolute FRCE (ACE) as well as the frequency of periods with more severe FRCE Note: To enable a clear
Slide 79: mFRR
aia mFRR GRGS a
Slide 80: Organization of mFRR market at European level
Organization of mFRR market at European level- in 2024, the mFRR context was the preparation of our connection to MARI More than 30 European TSOs involved in this project Access to a larger mFRR balancing market Wide range of benefits for our Value Chain and the Energy Transition ✓ Better dispatch o
Slide 81: How the mFRR process will work after connection to MARI
Description of how the mFRR process will work after our connection to MARI MARI platform TSO Local Since the local go-live, we are applying the MARI framework locally After the connection date, our tools will send bids, demands and information on cross border capacity to MARI MARI will process this
Slide 82: Key observations since the local mFRR go-live
Key observations since the local mFRR go-live of 22 May 2024 • No revolution • Total mFRR balancing capacity costs remain stable compared to January-April 2024 • There is sufficient mFRR liquidity in capacity auctions • Average energy bid prices keep a steady trend • Total energy costs remain within
Slide 83: mFRR capacity - decrease in total costs driven by DAM prices
mFRR capacity- decrease in total costs driven by DAM prices Year BE day-ahead prices Average mFRR capacity prices [€/MWh] [€/MW/h] 2022 244,55 13,40 2023 97,28 12,01 mFRR total 2024 70,23 7,81 Average DAM prices capacity costs decreased by 28% in decreased by 35% 2024 compared to 2023* in 2024 compa
Slide 84: mFRR capacity – no change in liquidity and price dynamics
mFRR capacity – no change in the liquidity and price dynamics mFRR local go-live [€/MW/h] [MW] Gate2 Auction more tense situations In more than 99,997% of the cases (compared to 99,994% in 2023 and 99,51% in 2022), mFRR upwards offered volumes are higher than the volume to procure* *in 2024, we had
Slide 85: mFRR energy - average prices & activation costs
mFRR energy- average upwards and downwards prices & activation costs Average upwards and downwards energy bid prices keep a steady trend Activation costs (total in both directions) remain within the same range as before the local go-live. The decomposition by type of activations highlights a larger
Slide 86: Imbalance price and System imbalance
Imbalance price and System imbalance
Slide 87: Imbalance prices shifting towards the positive side
Imbalance prices shifting towards the positive side after connection to the aFRR-Platform while the System imbalance tends towards zero Jan’24 – Dec’24 Jan’24 – Dec’24 87 – On average, the imbalance price decreased in 2024 relative to 2023 (70 €/MWh in 2024 vs 96,1 €/MWh in 2023). – The average Syst
Slide 88: Change in distribution of imbalance price components
The connection to the aFRR-Platform also led to a change in distribution in the imbalance price components 22/05/2024 – 31/12/2024 Strong reduction of the frequency with which the aFRR component sets the imbalance price Corresponding increase of periods where the Cap and the Floor set the imbala
Slide 89: BSP Faster Settlement incentive
BSP Faster Settlement incentive Martine Verelst
Slide 90: Scope of incentive 2025 BSP faster settlement & invoicing
Reminder WG ES 26.11.2024 Scope of incentive 2025 “BSP faster settlement & invoicing” final decision CREG October 2024 - Faster processes for the 4 types of settlement reporting for FCR, aFRR and mFRR - Renumeration of awarded capacity - Remuneration of activations (not applicable for FCR) - Penalti
Slide 91: BSP Faster Settlement – proposed future process
Reminder WG ES 26.11.2024 BSP Faster Settlement – proposed future process Internal ELIA tool Elia calculates remunerations & penalties If BSP not agrees (Ticketing System 2026) BSP Elia publishes settlement reporting verifies Launch of self-billing Payment by Elia Approval by BSP process Payment by
Slide 92: Scope of incentive 2025 BSP faster settlement & invoicing
Reminder WG ES 26.11.2024 Scope of incentive 2025 “BSP faster settlement & invoicing” final decision CREG October 2024 92
Slide 93: What has been done already
What has been done already - Workshop #1 – 5 December 2024 - Explanation of the scope of the incentive - Open discussion on the proposed process and current and future platform - Workshop #2 – 13 February 2025 - Recap of the proposed solution, feedback from BSPs, introduction to T&C changes - Worksh
Slide 94: Switch from traditional billing to self-billing
Switch from traditional billing process to self-billing process General principles - With the switch to a self-billing process, ELIA will provide the financial documents on behalf of the BSP : In case the BSP sends now Elia will provide in the future an invoice related to a capacity remuneration a s
Slide 95: Roadmap
Roadmap 2025 2026 Activity Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Workshop BSP incentive 13.5.25 11.6.25 // run SettlUI & EPIC Discussion roadmap ELIA-BSP WG ES 4.4.25 19.6.25 No Self-billing Deliverables incentive to CREG 30.6.25 BSP access and onboa
Slide 96: Some engagements requested from the BSP
Some engagements requested from the BSP - BSP should onboard on EPIC (test his access once available) and get used to the environment as soon as possible after the onboarding on EPIC - It is requested to participate to the training(s) that will be foreseen during the month of September - BSP should
Slide 97: Proposed timings in T&C to accelerate the overall process
BSP Faster Settlement and invoicing >> proposed timings in T&C to accelerate the overall process At the latest 60 calendar days after rejection on Elia EPIC/TraXes, the invoice/credit note becomes payable settlement while finding a final agreement continues tool Elia calculates remunerations & penal
Slide 98: Next steps & next workshops
Next steps & next workshops Tuesday 13 May 2025 @13h : WS - Send your questions/feedback by email to your KAM Energy at the latest by Wednesday 30 April 2025 - If no questions received, the WS may be cancelled Wednesday 11 June 2025 @14h : WS - Elia will prepare deliverables incentive which will be
Slide 99: Go-lives T&C BRP
Go-lives T&C BRP Simon Serrarens
Slide 100: Go-lives T&C BRP
Go-lives T&C BRP - Regulatory decision on the T&C BRP is pending - The BRP perimeter correction will go-live upon entry into force, i.e. 2 weeks after regulatory approval - Certain changes can go-live upon approval, but have other dependencies: - xBRP also requires a decision on the Access Contract
Slide 101: Evolution of the Working Group
Evolution of the Working Group Simon Serrarens
Slide 102: Evolution of the WG ES
Evolution of the WG ES – The current format of the WG ES is the result of merging the WG BAL & AS and WG CCMD – Elia has received feedback from the market parties… – Sessions are long – Sessions tend to be one way info, with focus on roadmaps – Name of the WG is confusing – Too little focus on co-cr
Slide 103: What could a future WG look like?
What could a future WG look like? WG Balancing Design & Solutions Morning Lunch Afternoon Design / decision focused: Co-creation/ solution focused: • Presentation of design, • Interactive sessions solutions, upcoming • Understanding MP needs / changes ideas • Slides and agenda upfront, • Informal /
Slide 104: AOB
-€ elia AOB Alexandre Torreele
Slide 105: AOB – Working session
AOB – Working session CREG Incentive - Economic optimization of the use of balancing products • In the frame of this incentive, Elia intends to organize a dedicated working session with market parties. • The hybrid session will take place on May 21th from 13:00 to 14:30, at Elia Emperor. • The invit
Slide 106: 2025 WG Energy Solutions
2025 WG Energy Solutions • 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 02/10/2025 09:00 – 17:00 Attention: change of date 25/09 -> 02/10 • Thursday 13/11/2025 09:00 – 17:00 • Thursday 18/12/2025 09:00 – 17:00 107