Elia Group Sa/nv · EURONEXT:ELI
Elia Group Sa/nv — Investor Presentation (November 2024)
96 slides from Elia Group Sa/nv's investor presentation, Nov 26, 2024
Slide 1: WG Energy Solutions of November 26th 2024
WG Energy Solutions of November 26th 2024 Hybrid meeting 26/11/2024
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 10:15 – 10:25: Welcome and approval MoM 10:25 – 11:10: Update on the upcoming changes and public consultations to the T&C BRP 11:10 – 11:30: Sustainability Insights & Eco2Grid 11:30 – 11:45: Touchpoint Parallel run RTP 11:45 – 13:00: Lunch 13:00 – 13:20: EU & BE Balancing program update 13:20
Slide 4: Minutes of Meeting for approval
Minutes of Meeting for approval Minutes of Meeting of WG Energy Solutions of 30/09/2024 Comments: / Suggestion to approve: • The MoM of WG Energy Solutions of 30/09/2024 4
Slide 5: Validation of the MoM
Validation of the MoM Kris Poncelet
Slide 6: Reminder WG ES 30/09/24 Observed imperfections exchange of real-time signals
Reminder WG ES 30/09/24 Observed imperfections exchange of real-time signals • During the testing with the platform, Elia has observed some imperfections in the exchange of real-time signals between the scada system of Elia and the aFRR-Platform. Specifically, a delay of on average 2 optimization cy
Slide 7: Reminder WG ES 30/09/24 Observed imperfections exchange of real-time signals
Reminder WG ES 30/09/24 Observed imperfections exchange of real-time signals • To avoid such impacts/inconsistencies in the settlement processes in the future, Elia has identified a solution to use the 4”-data made available ex-post by the aFRR Platform as the basis for all settlement purposes inste
Slide 8: Observed imperfections exchange of real-time signals - update
Observed imperfections exchange of real-time signals - update • Elia is pleased to announce that: • An intermediate solution has been found that allows the final settlement for BSPs to be carried out based on aFRR CBMP data provided ex-post by the aFRR Platform (thus avoiding an impact on the final
Slide 9: Update on the upcoming changes and public consultations to the T&C BRP
Update on the upcoming changes and public consultations to the T&C BRP Simon Serrarens
Slide 10: Timeline Public consultation T&C BRP – track 2024
Timeline Public consultation T&C BRP – track 2024 Go-live SDAC 15’ MTU 15/03 Entry into Force current revision 2024 2025 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Current Feedback CREG decision PC Track 2024 xBRP SDAC SIDC 10
Slide 11: A next public consultation was foreseen shortly after
A next public consultation was foreseen shortly after Go-live SDAC 15’ MTU 15/03 Entry into Force current revision 2024 2025 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Topics of the second PC: Lifting, Incentive Current PC Feedback CREG decision Faster Settlement, self-billing a
Slide 12: A next public consultation was foreseen shortly after
A next public consultation was foreseen shortly after Go-live SDAC 15’ MTU 15/03 Entry into Force Request for Amendment CREG current revision Entry into Force next revision not possible before mid June/’25 14/11 2024 2025 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Current Feedba
Slide 13: Revised timeline Public consultation
Revised timeline Public Delayed until at least mid May consultation Go-live SDAC 15’ MTU 15/03 Deadline imposed VAT admin. Request for Amendment CREG Entry into Force 14/11 Revision track 2025 2024 2025 Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Due to RFA, current Track 2024 ca
Slide 14: Public consultation track '25
Public consultation track ‘25
Slide 15: Scope of revision track 2025
Scope of revision track 2025 The upcoming public consultation will consist of the amendments from the current public consultation as well as some additional amendments: – Current public consultation: SDAC & SIDC, service multiple BRPs and some other small changes, with market feedback incorporated –
Slide 16: BRP perimeter correction – incompressibility
Design to be finalized shortly BRP perimeter correction – incompressibility – Elia received an RfA from CREG on 14/11, to include a BRP perimeter correction in case of activation of technical measures for incompressibility. – The expected changes to the T&C BRP are the following: – A method for BRP
Slide 17: Elia Transmission Belgium & BRPs: interactions before VAT decision
Elia Transmission Belgium & BRPs Interactions avant la décision de l’Administration TVA Principes • Pour le maintien de l’équilibre dans les réseaux faisant partie de sa zone de réglage, Elia collabore avec différents responsables de portefeuille d’équilibre (“BRP”). • Le BRP conclut un contrat avec
Slide 18: Elia Transmission Belgium & BRPs: interactions after VAT decision
Elia Transmission Belgium & BRPs Interactions après la décision de l’Administration TVA Position de l’administration fiscale (E.T. 140.805 dd. 22/08/24) (1) L'administration estime qu'il y a en l'espèce des prestations de services mutuelles entre Elia et ses BRP. En fonction de l'interaction entre l
Slide 19: External inconsistencies – redesign
Design to be finalized shortly External inconsistencies – redesign Description of the current design: – The design is based on the double nomination principle, where both BRPs need to nominate an exchange to one another. – An external inconsistency arises when there is a mismatch between the nominat
Slide 20: Sustainability Insights & Eco2Grid
Sustainability Insights & Eco2Grid Jan Vandebroucke
Slide 21: GreenGrid Compass and EPIC Sustainability Insights: Location-based hourly sustainability information
GreenGrid Compass and EPIC Sustainability Insights: Location-based hourly sustainability information 1 Why Elia Group is providing it and why it could be useful for you 2 How it is calculated and which data are being used A Annex (reading) - What GreenGrid Compass and EPIC Sustainability Insights ar
Slide 22: 1. Why Elia Group is providing it and why it could be useful for you
1. Why Elia Group is providing it and why it could be useful for you
Slide 23: GreenGrid Compass and EPIC Sustainability Insights are already live
GreenGrid Compass and EPIC Sustainability Insights are already live and provide information on the hourly location-based aspect Elia’s current sustainability initiatives : 1 Energy Track & Trace Yearly Hourly (24/7) ▪ Platform that facilitates the 24/7 matching Scope 1 of renewable energy, complemen
Slide 24: It will soon be obligation for a TSO to provide information on renewable share
It will soon be obligation for a TSO to provide information on the share of renewable energy on an hourly granularity European legislation to come into force by mid 2025 Renewable Energy Directive III – Article 20a ‘1. Member States shall require transmission system operators […] to make available i
Slide 25: Grid users are interested in more information on sustainability related data
Grid users are interested in more information on sustainability related data, especially to gain a first awareness and set sustainability goals A CREG incentive was introduced to Elia, based on the outputs of a survey to grid users about data services [awareness] [awareness] 25 Elia survey to grid u
Slide 26: Use cases of carbon intensity data
Use cases of carbon intensity data 1. Unlocking flexibility to reduce emissions Load can be shifted from times with high carbon intensity to times with low emission intensity. The API of GreenGrid Compass could be used by service providers as input source for their digital offering. “As a consumer I
Slide 27: Use cases of carbon intensity data
Use cases of carbon intensity data 1. Unlocking flexibility to reduce emissions Load can be shifted from times with high carbon intensity to times with low emission intensity. The API of GreenGrid Compass could be used by service providers as input source for their digital offering. “As a consumer I
Slide 28: Use cases of carbon intensity data
Use cases of carbon intensity data 1. Unlocking flexibility to reduce emissions Load can be shifted from times with high carbon intensity to times with low emission intensity. The API of GreenGrid Compass could be used by service providers as input source for their digital offering. “As a consumer I
Slide 29: Use cases of carbon intensity data
Use cases of carbon intensity data 1. Unlocking flexibility to reduce emissions Load can be shifted from times with high carbon intensity to times with low emission intensity. The API of GreenGrid Compass could be used by service providers as input source for their digital offering. “As a consumer I
Slide 30: Use cases of carbon intensity data
Use cases of carbon intensity data 2. Carbon accounting and reporting More and more companies are obliged to provide evidence of the GHG emissions associated with their economic activities (on a more granular level). “As a company I want to assess my carbon emissions related to electricity consumpti
Slide 31: Use cases of carbon intensity data
Use cases of carbon intensity data 2. Carbon accounting and reporting More and more companies are obliged to provide evidence of the GHG emissions associated with their economic activities (on a more granular level). “As a company I want to assess my carbon emissions related to electricity consumpti
Slide 32: GreenGrid Compass is reaching out to other TSOs to reach a European Standard
GreenGrid Compass is reaching out to other TSOs with the aim to reach an European Standard – GreenGrid Compass uses an externally validated methodology that already considers all bidding zones – In the worst case, all TSOs publish different tools providing different values – Avoid additional work an
Slide 33: 2. How it is calculated and which data are being used
2. How it is calculated and which data are being used
Slide 34: Calculation and complexity: correct and complete input data
Calculation and complexity: correct and complete input data Carbon intensity of electricity: The number of grams of carbon dioxide (𝑪𝑶𝟐 ) emitted while generating one unit of electricity (kWh) The carbon intensity depends on the amount of Generation: 100 MWh Generation: 100 MWh electricity…
Slide 35: Calculation and complexity: Production vs. consumption based
Calculation and complexity: Production vs. consumption based Production based: Taking into account Consumption based: Additionally taking into account the electricity all the production that has taken place imported from neighboring countries, and their neighbors, and their … within the bidding zone
Slide 36: Calculation and complexity: Forecasting
Calculation and complexity: Forecasting 30000 600 Forecast For a forecast over the next 24 hours, we CO2-Intensity in gCO2eq/kWh 25000 500 would need the same data as for the CO2-Emissions in t calculation of historical values. However, 20000 400 much of this data is not available. 15000 300 10000 2
Slide 37: Calculation and complexity: Certified Methodology in line with Regulation
Calculation and complexity: Certified Methodology in line with Regulation Fulfills the requirements of REDIII Art. 20a In line with the EU Commission‘s REDIII Art. 20a Guidance Paper External validation of the methodology by independent audit center (TÜV) Scientific advice by research institute FfE
Slide 38: EPIC Sustainability Insights multiplies CO2 intensity data with consumption data
EPIC Sustainability Insights multiplies CO2 intensity data with consumption data, to provide a first customized insight CO2 intensity calculator (model) Load curve EPIC sustainability dashboard Carbon intensity Hour 1 Grid user consumption Hour 1 CO2 emissions Hour 1 Carbon intensity Hour 2 Grid use
Slide 39: More info about the calculations is available on the webpages
More info about the calculations is available on the webpages, and detailed ‘calculation guidance documents’ will be provided soon More info on the calculation methodology online + calculation deep dives (10+ pagers) available in December ’24: 39
Slide 40: Annex – What GreenGrid Compass and EPIC Sustainability Insights are about
Annex – What GreenGrid Compass and EPIC Sustainability Insights are about For reading
Slide 41: GreenGrid Compass (former Eco2Grid)
GreenGrid Compass (former Eco2Grid) GreenGrid Compass is a calculation model providing information on the carbon intensity For who? and the share of renewable energy, for every bidding zone in Europe, up to hourly level. This information is provided for the past, the present, and the future. ▪ Any i
Slide 42: GreenGrid Compass contains information on all bidding zones in Europe
GreenGrid Compass contains information on all bidding zones in Europe, though with a dedicated focus to Belgium and Germany 42
Slide 43: Carbon intensity of electricity definition
Carbon intensity (of electricity) is the number of grams of carbon dioxide (CO2) emitted during the generation of one unit of electricity (kWh). Presentation title 43 Source: 𝑒𝐶𝑂2 𝑔𝑟𝑖𝑑
Slide 44: Renewable share of electricity definition
The renewable share (of electricity) refers to the proportion of total electricity that is generated using renewable energy sources Presentation title 44 Source: 𝑒𝐶𝑂2 𝑔𝑟𝑖𝑑
Slide 45: EPIC sustainability Insights
EPIC sustainability Insights The sustainability insights page in EPIC specifies, the CO2 emissions and source of For who? energy, in function of the load curve of the grid user, and based on the input coming from GreenGrid Compass. It considers data at access point level, wherein local energy ▪ Elia
Slide 46: Sustainability key indicators, summarizing the main information
Sustainability key indicators, summarizing the main information
Slide 47: Graphs with CO2 emissions and power consumption per source
Graphs with “CO2 emissions” and “power consumption per source” 47
Slide 48: Touchpoint Parallel run RTP
Touchpoint Parallel run RTP Elodie Ciciriello
Slide 49: The trial publication of the imbalance price forecast has ended
The trial publication of the imbalance price forecast has ended https://forms.office.com/e/k3qqFQDnSz • The trial publication of the imbalance price forecast has ended on the 23rd of November. • Results will be presented during the Working Group Energy Solutions of December 2024. • Next steps and pr
Slide 50: Agenda
Agenda 10:15 – 10:25: Welcome and approval MoM 10:25 – 11:10: Update on the upcoming changes and public consultations to the T&C BRP 11:10 – 11:30: Sustainability Insights & Eco2Grid 11:30 – 11:45: Touchpoint Parallel run RTP 11:45 – 13:00: Lunch 13:00 – 13:20: EU & BE Balancing program update 13:20
Slide 51: EU & BE Balancing Program Update
EU & BE Balancing Program Update Nicolas Pierreux / Thomas Van der Vorst
Slide 52: Agenda of today's presentation
Agenda of today’s presentation • PIM Roadmap & Incentives 2025 • Status on aFRR Design Evolutions & PICASSO Connection • Workplan 2025 : process • Incentives 2025 • Derogation separate procurement upward and downward aFRR Capacity • Coming stakeholder management interactions 52
Slide 53: PIM Roadmap & Incentives 2025
PIM Roadmap & Incentives 2025
Slide 54: Reminder WG BAL 28/06/24 Updated PIM Roadmap
Reminder WG BAL 28/06/24 Updated PIM Roadmap More precisely, based on the identified feasibility & risks and taking into account the importance of our connection to PICASSO, the roadmap has been adapted as follows: • Go-live of aFRR dynamic dimensioning & shift of aFRR Capacity auctions from D-2 to
Slide 55: aFRR Design evolutions & PICASSO Connection
aFRR Design evolutions & PICASSO Connection 55
Slide 56: Outlook 2025 – Energy Solutions
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 DIMENSIONS Operational Process d
Slide 57: Incentives 2025
The more detailed scope and planning of this incentive will be presented today 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 d
Slide 58: Others
ria group Others Oo FES .
Slide 59: Public consultation on derogation to procure upward and downward aFRR capacity separately
Reminder WG ES 30/09/24 Public consultation on the proposal to request a derogation to procure upward and downward aFRR capacity separately Context • Elia currently procures both upward and downward balancing capacity for aFRR on a daily basis in a single capacity auction. • Article 32(3) of EBGL an
Slide 60: Feedback public consultation & CREG Decision
Feedback public consultation & CREG Decision • Overview of the main feedbacks received during the public consultation: Respondent Feedback All respondents All respondents did express their support for the proposed derogation BSTOR BSTOR does however call for a procurement process that would be fully
Slide 61: Others
-€ elia Others
Slide 62: Coming stakeholder management interactions
Coming stakeholder management interactions - Next interactions - Signature of the updated T&C aFRR - (Last) announcements & communication linked to the aFRR Design evolutions & PICASSO connection go lives - 11/12/24 - Balancing platforms stakeholders' workshop MARI, PICASSO, TERRE and IGCC are the T
Slide 63: Contact persons
Contact persons KAM Energy Nicolas Koelman / Sybille Mettens / François Jadoul 63
Slide 64: Incentive 2025 : BSP Faster Settlement
Incentive 2025 : BSP Faster Settlement Martine Verelst
Slide 65: Current Ancillary Services settlement process
Current Ancillary Services settlement process A. Calculation of remuneration and C. Invoicing and payment B. Iteration with BSP penalties Elia performs auctions & activations Email – Phone Elia calculates remuneration & penalties If BSP not agrees Elia sends “invoice proposal”/ BSP verifies “CN prop
Slide 66: BSP Faster Settlement – proposed future process
BSP Faster Settlement – proposed future process Internal ELIA tool Elia calculates remunerations & penalties If BSP not agrees: Ticketing System BSP Elia publishes settlement reporting verifies Launch of self-billing Payment by Elia Approval by BSP and invoices process Payment by BSP Elia publishes
Slide 67: Scope of incentive 2025 BSP faster settlement
Scope of incentive 2025 “BSP faster settlement” 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) - Penalties for availability/obligation control
Slide 68: Scope of incentive 2025 BSP faster settlement
Scope of incentive 2025 “BSP faster settlement” final decision CREG October 2024 68
Slide 69: Invitation to specific workshop on BSP faster settlement incentive
Invitation to specific workshop on BSP faster settlement incentive Thursday 5 December 2024 10h-12h Draft agenda of the Workshop - Explanation of the scope of the incentive - Open discussion on the proposed solution (publication on the communication platform & switch to self-billing) - Open discussi
Slide 70: Action plan incompressibility
Action plan incompressibility Roxanne Vande Zande
Slide 71: Mapping and first prioritisation – Consolidated action plan 2025
Intern Confidential and work in progress Mapping and first prioritisation – Consolidated action plan 2025 2024 2025 2026 2027 • Interactions with regulators EXPL: CONNECT TO EU and OPEN IN MV AND LV • Identify barriers for implicit IMPL: CREATE AWARENESS IN LV & BRING MV FLEX VOLUMES ON THE MARKET p
Slide 72: Implicit
Implicit Evlia and Big Switch
Slide 73: EVLIA: Reducing the company electric fleet TCO through flexibility
EVLIA: Reducing the company electric fleet TCO through flexibility With a significant pool of company EV’s, Elia wants to unlock flexibility from these EV’s to reduce the fleet TCO. Use case formulated: Context Company cars offered by company to a group of employees, including a home EV Supply behin
Slide 74: How a Big Switch trial in Belgium contributes to mitigating incompressibility risk
How a “Big Switch” trial in Belgium contribute to mitigating the incompressibility risk? Bridging the gap 99,8% of the 0,2% of the consumers consumers Level of market engagement & exposure No exposure to Event based and Dynamic contract Exposure to a real-time price negative price peaks voluntary pr
Slide 75: Explicit – mitigation measures
Explicit – mitigation measures Downward FRR and bidding obligation
Slide 76: Possible Downward procurement FRR
Possible Downward procurement FRR • Study: Assess need for ELIA to procure additional downward frequency restoration reserve with manual activation. • Study focus: o Short-term benefits and downsides of downward procurement. o Additional market volume from downward procurement. o Mid- and long-term
Slide 77: Analysis Bidding obligation 1MW
Analysis Bidding obligation 1MW • Study: Determine the necessity and feasibility of extending the bidding obligation to assets of 1MW and more. • Study focus: o Market benefits & downside: Short-term and long-term effects. o Additional flexibility: Volume from smaller units located at HV and MV (1MW
Slide 78: Technical measure
-€ elia Technical measure
Slide 79: Lack of alignment among regulators on the formalization of the technical measures
Lack of alignment among regulators on the formalization of the technical measures Request per regulator Decision VREG SOK Letter CREG 17/10/2024 Letter VREG – Fluvius (31/10/2024) Decision BRUGEL SOK Competence CREG VREG BRUGEL CWaPE 1 To approve: • Should provide further details on the technical me
Slide 80: Modifications in the LFC BOA as requested by the CREG
Modifications in the LFC BOA as requested by the CREG 1. Formalize the possibility to curtail PV, wind and cogenerations in the TSO and DSOs grid 2. Detail the activation criteria 3. Detail the target allocation of curtailed volumes among DSOs 4. Define the reporting to be done in case of technical
Slide 81: Potential timeline related to the formalization on technical measures
Potential timeline related to the formalization on technical measures 2024 2025 Oct. November December January February March April 1 Formalization Redrafting regulatory Processing Public compensation documents of public Approval CREG EIF 1/4/2025 consultation (where needed with DSOs) consultation i
Slide 82: Feedback from the market parties on the public consultation of availability testing
Feedback from the market parties on the public consultation of availability testing in the market Carsten Bakker
Slide 83: Summary
-€ elia Summary
Slide 84: Price setting of the bid to be tested (option 0)
Price setting of the bid to be tested (option 0) Out Bid to be tested Example of market Bid to be tested The bid to be tested is taken out of the merit order and activated out of market. The total imbalance is changed based on this activation (in this example reducing the imbalance). 84
Slide 85: Availability testing in the market: Integration in the MARI merit order (option 1)
Availability testing in the market : Integration in the MARI merit order (option 1) Instead of activating a bid for an availability test and then compensating the volume with an aFRR/mFRR activation (if needed), we move the position of the to be tested bid towards the beginning of the merit order (a
Slide 86: Availability testing in the market: Integration in the local merit order (option 2)
Availability testing in the market : Integration in the local merit order (option 2) The way to achieve it slightly differs in comparison with the first option. Instead of changing the position of the bid before sending the information towards the Mari platform, Elia would integrate the bid in the l
Slide 87: Availability testing in the market: Modifying TSO demand (option 3)
Availability testing in the market : Modifying TSO demand (option 3) In this option Elia would perform a netting between the TSO demand and the bid on which Elia would like to perform an availability test. If this netting is not possible, the test will be cancelled. 87
Slide 88: Conclusion
-€ elia Conclusion
Slide 89: Conclusion
Conclusion 1. Doing availability tests in the market has some advantages in comparison to doing availability testing out of the market 1. BSPs can be remunerated at CBMP 2. The imbalance can only decrease when executing an availability test 2. There is the downside that the execution of an availabil
Slide 90: Feedback market parties
-€ elia Feedback market parties
Slide 91: Availability testing in the market: Feedback Febeliec
Availability testing in the market : Feedback Febeliec 1. Febeliec mentions that it is hesitant about introducing a remuneration for availability testing in order to avoid increased costs for the Grid Users. However, they are in favor of reducing the impact on the system imbalance. RESPONSE ELIA: Th
Slide 92: Availability testing in the market: Feedback FEBEG
Availability testing in the market : Feedback FEBEG 1. FEBEG appreciates the efforts from Elia, since the introduction of these costs into the capacity bids is complex. RESPONSE ELIA: Elia thanks FEBEG for its feedback. 2. FEBEG believes that Elia can anticipate the evolution of the system imbalance
Slide 93: Availability testing in the market: Feedback FEBEG
Availability testing in the market : Feedback FEBEG 4. Problems with Option 2: 1. Creation of paradoxically rejected bids RESPONSE ELIA: Elia agrees with this point. 2. The activation of bids not present in the MARI merit order would lead to additional unclarities for the BSP. RESPONSE ELIA: Elia in
Slide 94: AOB – Next WG Balancing
AOB – Next WG Balancing Thomas Van der Vorst
Slide 95: Next WG Energy Solutions
Next WG Energy Solutions • Dates for 2024: • WG Balancing 07/02/2024 09:00 – 13:00 • WG Balancing 02/04/2024 09:00 – 13:00 • WG Balancing 21/05/2024 09:00 – 13:00 • WG Balancing 28/06/2024 13:30 – 17:30 • WG Energy Solutions 30/09/2024 09:00 – 17:00 • WG Energy Solutions 26/11/2024 09:00 – 17:00 • W
Slide 96: 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 96