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Response Energy Payment Update Place your chosen This text box and - - PowerPoint PPT Presentation

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Response Energy Payment Update

Ivan Kileff

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Response Energy Payment Evolution

NETA Go Live CAP001 2001 Imbalance Compensation Mechnism Approved CAP009 2002 Volume Changes to frequency imbalance calculation Rejected CAP010 2002 Replace SSP and SBP with Individual Bid and Offer Price Rejected CAP011 2002 Implement P71 (removal of imbalance when supplying applicable balancing services including MFR) Approved CAP016 2002 Changes to re-introduce certain adjustment factors into imbalance calculations Approved CAP046 2002 Mandatory Frequency Response Energy Volume Calculation Approved CAP047 2003 Introduction of a competitive process for the provision of MFR Approved CAP107 2006 Re-definition of Response Energy Payment for MFR - Result in the current mechanism with Market indexation Price Alternative 2 Approved

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Options

Recognise that each of the following

  • ptions carry different risks for both

Generators and SO

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High Level Options

Medium Long Small None

Implement Lead Time

Clear More complex Clear Clear

Competitive Signal 5 4 3 2 1 Blue Sky Solution

Similar Individual

Universal

Higher Individual

Individual

No change Zero

Individual

Current Universal

Individual Optimisation Complexity REP Holding Price Variables for all options:

  • Frequency of price submission: monthly, weekly, daily
  • Vehicle for price submission: bespoke submission, BO data, …