implementation 2019.12.05 PRISMA in a nutshell The PRISMA capacity - - PowerPoint PPT Presentation
CAM NC and its implementation 2019.12.05 PRISMA in a nutshell The PRISMA capacity platform offers easy access to infrastructure operators for the European energy community. 39 +640 Shippers TSOs +1700 4 Network points SSOs on the
2019.12.05
The PRISMA capacity platform offers easy access to infrastructure operators for the European energy community.
+640
Shippers
+1700
Network points
39
TSOs
4
SSOs 2
+8 +86.000
Concluded contract in 2018
+7. +7.800
Secondary trades in 2018
Main elements of the regulation Auction Algorithms Secondary Market Auction results
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Main elements of the regulation Auction Algorithms Secondary Market Auction results
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“Uniform-price auction” (art. 18)
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Yearly Quarterly Monthly Daily Within-day
Balance
Next day Next month Max 12 months Min 5 years and max 15 years 7
“firm” or as “interruptible” capacity
bundled
Ascending clock Uniform price
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24h 24h 24h 24h 23h 23h 22h 22h 21h 21h 20h 20h 19h 19h 18h 18h 17h 17h 16h 16h 15h 15h 14h 14h 13h 13h 12h 12h 11h 11h 10h 10h 9h 9h 8h 8h 7h 7h 6h 6h 5h 5h 4h 4h 3h 3h 2h 2h 1h 1h
next gas day takes place everyday at 16:30 CE(S)T
product runtime (06:00-06:00) and it starts at 19:00 CE(S)T
full hour and lasts for 30 minutes.
the product runtime of 05:00 – 06:00 (the same gas day)
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Main elements of the regulation Auction Algorithms Secondary Market Auction results
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Ascending clock
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Price Available capacity
1 2 3 1 2 3
Amount
capacity
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Example 1: Undersell in 1st bidding round
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Example 1: Undersell in 1st bidding round
capacity
0.0
B1 B2 B3 Price Amount
round (0.0)
P0 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
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Example 2: Clearance in first bidding round
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Example 2: Clearance in first bidding round
Tariff (RT) applies
fully requested by the four participants
round 0.0
B1 B2 B3 B4 Price Amount
round (0.0)
P0 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
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Example 3: Oversell
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capacity (oversell)
B1 B2 B3 B4 B5 B6 Price
round (0.0)
Amount
P0 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
Example 3: Oversell
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step (LPS)
P0 B1 B2 B3 B4 B6
round (1.0)
P1 B4 B6 Price Amount
round (0.0)
B1 B2 B3 B5 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
Example 3: Oversell
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round 2.0 with RT + 2 LPSs applied
Price
round (0.0)
round (0.0)
B1 B2 B3 B4 P2
Example 3: Oversell
Amount
B1 B2 B3 B4 B5 B6 B1 B2 B3 B4 B6 P0 P1 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
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Example 4: Undersell
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capacity (oversell)
B1 B2 B3 B4 B5 B6 Price
round (0.0)
Amount
P0 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
Example 4: Undersell
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step (LPS)
B1 B2 B3 B4 B6
round (1.0)
P1 B4 B6 Price Amount
round (0.0)
B1 B2 B3 B5 Legend:
P0 Regulated Tariff B1 - Bn Bid 1 to Bid n
Example 4: Undersell
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Price
round (0.0)
round (2.0)
B1 B2 B3 P2 Amount
B1 B2 B3 B4 B5 B6 B1 B2 B3 B4 B6 P0 P1 Legend:
P0 Price step (P0 =Regulated Tariff) B1 - Bn Bid 1 to Bid n
Example 4: Undersell
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B1 B2 B3 B4
added to RT + 1 LPS
1LPS + 1SMP
amount
Price
round (1.0)
Amount
B1 B2 P1 P2 Legend:
P0 Price step (P0 =Regulated Tariff) B1 - Bn Bid 1 to Bid n
Example 4: Undersell
B3 B4 B6 P1.1
round (2.0)
round (1.1)
B1 B2 B3 B4 B5 B6 P0
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B1 B2 B3 B4
capacity
their capacity
sell-out
charged
Price
round (1.0)
Amount
B1 B2 P1 P2 Legend:
P0 Price step (P0 =Regulated Tariff) B1 - Bn Bid 1 to Bid n
Example 4: Undersell
B3 B4 B6 P1.1
round (2.0)
B1 P1.2 B2 B3 B4
round (1.2)
B1 B2 B3 B4 B5 B6 P0
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Uniform price
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have one bidding round
minimum and a maximum capacity amount
capacity is done after the bidding round is closed
A
Surcharge
B
Amount
Amount SurchargeMaximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend:
Basics
Clearing Price
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Example 1: Fill Procedure
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C
is detected
available capacity
remaining capacity
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C
Example 1: Fill procedure
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C C
is detected
available capacity
remaining capacity
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C
Example 1: Fill procedure
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C
that gets capacity sets clearing price for the auction
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C
Example 1: Fill procedure
Clearing Price
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Example 2: Kill Procedure
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D D C
is detected
available capacity
used to fill the remaining capacity
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C Maximum amount Shipper D Minimum amount Shipper D
Example 2: Kill procedure
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D
that gets capacity sets clearing price for the auction (D)
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C Maximum amount Shipper D Minimum amount Shipper D
Example 2: Kill procedure
Clearing Price
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Example 3: Pro-Rata Allocation
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C
is detected
available capacity
A
Surcharge
B
Amount
Example 3: Pro-rata allocation
D
Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C Maximum amount Shipper D Minimum amount Shipper D
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C
is detected
available capacity
A
Surcharge
B
Amount
Example 3: Pro-rata allocation
D
Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C Maximum amount Shipper D Minimum amount Shipper D
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Example 3: Pro-rata allocation
Maximum demand of bid Sum of all bids at this price x remaining capacity
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that gets capacity sets clearing price for the auction (C&D)
A
Surcharge
B
Amount
Example 3: Pro-rata allocation
Clearing Price Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend: Maximum amount Shipper C Minimum amount Shipper C Maximum amount Shipper D Minimum amount Shipper D
C D
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Example 4: Demand lower than available capacity
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surcharge
A
Surcharge
B
Amount Maximum amount Shipper B Minimum amount Shipper B Maximum amount Shipper A Minimum amount Shipper A Legend:
Example 1: Fill procedure
Clearing Price
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Main elements of the regulation Auction Algorithms Secondary Market Auction results
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Proposal Response Trade Creation Validation Publishing
2 Types of proposals: To buy or to sell
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Two types of trades: Transfer of use
transferred
TSOs stay with selling shipper
Assignment
transferred to counterparty
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Main elements of the regulation Auction Algorithms Secondary Market Auction results
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Similar results as for 2018, the majority of the capacity is bought for next gas year.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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The introduction of multiple sessions during the year, in which quarterly capacity is offered, increased the demand for quarterly products.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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The demand of monthly products doesn’t seem to be affected by the introduction of multi- session of quarterly auctions.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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Also the demand of daily products is characterized by high volatility.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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Demand of within day products seems to follow the seasons.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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The amount of allocated capacity per delivery period increased on a yearly base.
Note: The sold capacity refers to firm products and it doesn’t take in consideration the capacity conversion from unbundled to bundled.
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CAM NC clearly is supporting the development of well functioning gas markets in the European countries…. … but the market conditions changes since the CAM NC approved. Amendments will be probably implemented in the upcoming years to further support European gas markets.
Note: A similar assessment is included in the ACER’s Market Monitoring Report 2018; in this report ACER stated that “The implementation of the CAM NC is favouring the possibility for shippers better to profile their capacity portfolio and to incorporate short-term price signals in the management of their capacity at the IPs. Starting from the capacity booked for 2018, more quarterly products and more yearly products were booked via the CAM auctions because of the entry into force of some amendments to the CAM NC. NRAs, the European Commission and ACER could consider the possibility to further increase the frequency of CAM auctions with a standardised timing in order to make them even more useful for the network users.”
Any combination of such services can be selected by TSOs in order to create their own tailored service package
PRISMA currently offers a wide range of services to TSOs around capacity allocation
FCFS capacity allocation Secondary capacity trading Reverse capacity auctions Core Graphical user interface User registration User management System automation REMIT reporting Capacity linking Bid limitation Capacity upgrade (interr. to firm) Capacity conversion (unbundled to bundled) Balancing group / portfolio code management Surrender of capacity TSO acting as a shipper 1-n bundling Basic CAM Long-term auctions Day-ahead auctions Within-day auctions Bundled auctions Incremental capacity auctions Network point administration Reporting section Competing auctions Multi currency support Credit limit check Volume based tariff Specific terms and conditions
auctions Minimum bid amount
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Shipper Services
Additional features and packages (Analyst API, Trader API)
Storage Services
Standard services and add-ons (Allocation, API)
Core Graphical user interface User registration User management Basic Offer publication Bid collection SSO API System automation Allocation mechanisms Automatic bid allocation Click & Book Direct request process FCFS allocation Shipper API System automation Shipper self-service Click & book add-ons Shipper admin access REMIT reporting Secondary trading Reporting to ACER Credit management Credit limit check upon bid placement
First Come First Served booking functionality
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inte termediary between shipper and TSO* regarding all booking information (e.g. request, confirmation of availability)
regulated tar tariff
* FCFS is possible with selected TSOs (depending on national regulation and TSO decision)
Shipper requests capacity TSO checks if capacity is available Either confirms
alternative
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Or what to do when you booked too much capacity
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registered shippers to report their capacity bookings on the secondary market
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