Conferimento di capacit DayAhead San Donato Milanese 5

Conferimento di capacità Day-Ahead San Donato Milanese, 5 - 6 Marzo 2013 snamretegas. it

Agenda I INTRODUZIONE II CODICE DI RETE III ASPETTI COMMERCIALI E APPLICATIVI SRG 2

I Introduzione – Evoluzione del Servizio di Trasporto Evoluzione modalità gestionali: GESTIONE CARTACEA PORTALE CAPACITA’ Primo booking di capacità Avvio studio di fattibilità Portale Capacità Avvio fase di realizzazione Portale Capacità GO LIVE Primo processo di conferimento e transazioni Introduzione monitoraggio Servizio di Bilanciamento Avvio Aste per conferimenti day ahead Lug 2001 Giu 2006 Set 2008 Lug 2009 Dic 2011 Apr 2013 180, 000 160, 000 140, 000 120, 000 100, 000 80, 000 60, 000 40, 000 20, 000 - Numero di transazioni gestite 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 100 90 80 70 60 50 40 30 20 10 0 Numero di utenti 02/03 03/04 04/05 05/06 06/07 07/08 08/09 09/10 10/11 11/12 3

Agenda I INTRODUZIONE II CODICE DI RETE III ASPETTI COMMERCIALI E APPLICATIVI SRG 4

Riferimenti normativi Delibera AEEG 536/2012/R/gas • Dal 1 aprile 2013, conferimento di capacità giornaliera day-ahead presso Pd. E/Pd. U di Tarvisio • Accesso garantito agli Utenti SRG: ü ü ü adempienti agli obblighi contrattuali del Codice di Rete e dotati di adeguate garanzie non richiesta documentazione/informazioni sui contratti di importazione • Riferimento tariffario: corrispettivo mensile di capacità del Pd. E/Pd. U riproporzionato su base giornaliera • Proposta di aggiornamento del Codice di Rete • AEEG-E-Control Guideline on a day-ahead allocation mechanism at the AT/IT border 5

Riferimenti normativi AEEG- E-Control Guideline Criteri in materia di conferimento di capacità (mercato primario): • offerta di capacità di trasporto giornaliera su base day-ahead presso il Punto di Tarvisio in forma congiunta (bundled) tra i TSO interconnessi • Offerta di capacità giornaliera interrompibile in subordine a capacità continua • Capacità congiunta determinata come il valore minore tra le capacità giornaliere disponibili in ciascuno dei sistemi interconnessi • Adesione dei TSOs a piattaforma comune, accessibile agli utenti delle reti di trasporto dei TSO previa abilitazione • Processo di conferimento con meccanismo d’asta secondo modalità del Codice CAM • Ripartizione del corrispettivo tra TSO secondo accordi approvati da NRAs • Sottoscrizione contratti, conferimento ed erogazione del servizio presso ciascun TSO 6

Codice di Rete Conferimento di capacità giornaliera presso i Pd. E/Pd. U interconnessi con l’estero Conferimento della capacità di trasporto Capitolo 5, par. 5. 4, del Codice di Rete Riformulazione del programma giornaliero 7

CAPITOLO 5 Conferimento di capacità (1) Criteri di conferimento • Conferimento di capacità continua • Conferimento di capacità interrompibile a seguito di esaurimento capacità continua • Specifici requisiti per il conferimento • Utilizzo della piattaforma PRISMA • Assegnazione della capacità secondo criteri CAM ü procedure d’asta ‘a prezzo uniforme’ ü Prezzo di riserva (corrispettivo capacità mensile pro quota sul giorno) ü Selezione offerte secondo valore economico decrescente sino a capacità offerta SRG ü Premio d’asta (corrispettivo unitario offerto relativo all’ultima offerta selezionata) ü Valorizzazione delle offerte selezionate = prezzo di riserva + premio d’asta 8

CAPITOLO 5 Conferimento di capacità (2) Oggetto del conferimento è la capacità per il trasporto di gas naturale sulla rete di SRG nel corso di un Giorno-gas: • • presso TUTTI i Pd. E/Pd. U interconnessi con gasdotti esteri Capacità Giornaliera Continua; e in assenza di disponibilità di Capacità Giornaliera Continua, Capacita Giornaliera Interrompibile Capacità espressa in Sm 3/g Determinazione della capacità di trasporto giornaliera presso Pd. E/Pd. U interconnessi con l’estero 1. 2. Capacità Giornaliera Continua = capacità non conferita per il Giorno-gas G Capacità Giornaliera Interrompibile = capacità non programmata nel Giorno-gas G Presso Pd. E/Pd. U di Tarvisio 1. 2. Capacità Giornaliera Continua = quota in forma congiunta + quota in forma non congiunta Capacità Giornaliera Interrompibile = quota in forma congiunta + quota in forma non congiunta 9

CAPITOLO 5 Conferimento di capacità (3) Determinazione della capacità di trasporto giornaliera Tarvisio: esempio * Capacità Giornaliera Continua offerta da SRG in forma non congiunta SRG capacità continua disponibile per il giorno ‘G’ TAG capacità continua disponibile per il giorno ‘G’ in forma congiunta Capacità Giornaliera Continua offerta da SRG * N. B. Schema esemplificativo al solo scopo di mostrare la determinazione della eventuale quota di capacità per il conferimento in forma non congiunta 10

CAPITOLO 5 Processo di conferimento di capacità (1) Requisiti per la partecipazione al conferimento • • Titolarità Contratto di Trasporto con SRG/credenziali di accesso Portale Capacità Abilitazione Piattaforma PRISMA Adeguatezza delle garanzie per il servizio di trasporto (Limite di Conferimento) Rispetto obblighi del Codice ü condizione EPSu. K < MEPSu. K ü in regola con i pagamenti • Contratto di trasporto con TAG (in caso di richiesta di capacità in forma congiunta) • regole di allocazione presso il Punto definite e controfirmate dagli Utenti Richiesta • Impegnativa • Max 10 offerte per asta 1. capacità oggetto dell’offerta di acquisto 2. capacità minima accettabile 3. corrispettivo unitario offerto (addizionale al Prezzo di Riserva) • Σ Offerte entro il Limite di Conferimento 11

CAPITOLO 5 Processo di conferimento di capacità (2) Assegnazione capacità di trasporto • Svolgimento di una o più aste in base a ü prodotto offerto ü richieste pervenute Esito del conferimento Esito dell’asta Esito del Conferimento • comunicazione a ciascun soggetto partecipante di: ü capacità conferita, e ü relativo corrispettivo • Pubblicazione esiti del conferimento in forma aggregata • Ai fini del conferimento di capacità congiunta verifica presso TSO interconnesso N. B. Nel rispetto delle Guideline, non viene dato corso al conferimento all’Utente in caso di mancata sottoscrizione del contratto presso l’operatore interconnesso. 12

Codice di Rete Riformulazione del programma giornaliero Processo di conferimento di capacità Riformulazione del programma giornaliero Capitolo 8, par. 6. 7, del Codice di Rete 13

CAPITOLO 8 Riformulazione del programma giornaliero nel G-1 Cicli di programmazione e riprogrammazione per il Giorno-gas G Entro le ore 19: 00 del Giorno-gas G-1 l’Utente può riformulare il proprio programma di trasporto per il Giornogas G presso tutti i Punti della rete di trasporto SRG. 11: 30 12: 00 13: 00 14. 00/16: 00 17: 30 19: 00 21: 30 t G-1 Bilancio Termine provvisorio registrazioni al PSV Chiusura Aggiornamento della informazioni prenotazione TSO Conferma della prenotazione Chiusura riformulazione della prenotazione Conferma della prenotazione Entro le ore 21: 30 del Giorno-gas G-1 SRG effettua la verifica del programma così riformulato e comunica all’Utente la relativa conferma N. B. La prenotazione di capacità congiunta presso SRG non comporta l’automatica prenotazione di capacità presso sistemi interconnessi. E viceversa. 14

CAPITOLO 8 Riformulazione del programma giornaliero nel giorno G ciclo di riprogrammazione nel Giorno-gas G (chiusura ore 17: 00) Entro le ore 17: 00 del Giorno-gas G l’Utente può riformulare il proprio programma di trasporto per il Giorno-gas G presso i Punti di interconnessione con lo stoccaggio e presso i punti di riconsegna 14: 00 G 16: 00 16: 30 17: 00 19: 00 20: 00 t Pubblicazione informazioni TSO Aggiornamento Termine riformulazione informazioni registrazioni della TSO PSV prenotazione Hub stoccaggio + Pd. R Aggiornamento informazioni TSO Termine Offerte Utenti presso PB-Gas 15

Proposta di aggiornamento n. 18 http: //www. snamretegas. it/it/servizi/Codice_di_rete/Aree/aggiornamento. html Grazie per l’attenzione

Agenda I INTRODUZIONE II CODICE DI RETE III ASPETTI COMMERCIALI E APPLICATIVI SRG 17

Agenda ASPETTI COMMERCIALI E APPLICATIVI SRG • Requisiti per il conferimento di capacità • Tempistiche Aste di capacità giornaliera day-ahead • L’offerta di capacità day-ahead • La richiesta di capacità day-ahead • Criteri di assegnazione • L’eventuale interruzione della capacità • Esiti conferimento sul Portale Capacità 18

Requisiti per il conferimento di capacità (1/3) Requisiti per la partecipazione al conferimento • Titolarità Contratto di Trasporto con SRG/credenziali di accesso Portale Capacità • Abilitazione Piattaforma PRISMA • Adeguatezza delle garanzie per il servizio di trasporto (Limite di Conferimento) • Rispetto obblighi del Codice ü condizione EPSu. K < 90% MEPSu. K ü in regola con i pagamenti • Contratto di trasporto con TAG (in caso di richiesta di capacità in forma congiunta) • Regole di allocazione presso il Punto definite e controfirmate dagli Utenti 19

Requisiti per il conferimento di capacità (2/3) Limite di Conferimento Snam Rete Gas determina ed invia giornalmente alla piattaforma PRISMA il Limite di Conferimento per ogni Utente. Non sarà possibile per l’Utente effettuare offerte per il conferimento che eccedono il suo Limite di Conferimento. Il Limite di Conferimento non si applica in caso di possesso di Rating Creditizio. 20

Requisiti per il conferimento di capacità (3/3) Regola di allocazione La regola di allocazione presso il Punto deve essere registrata in Entry Allocation entro le 10: 00 del giorno G-1 21

Tempistiche Aste di capacità giornaliera day-ahead Sono previste due sessioni di asta di capacità giornaliera: • 1 a sessione: capacità continua • 2 a sessione (eventuale): capacità interrompibile Snam Rete Gas pubblica i prodotti di capacità di trasporto oggetto di conferimento dayahead in tempo utile per le richieste degli Utenti: • Sul sito di SRG • Tramite la piattaforma PRISMA (capacità convertite in KWh/h) 22

L’offerta di capacità day-ahead 1° Asta - Offerta Snam Rete Gas Capacità Giornaliera Continua 2° Asta - Offerta Snam Rete Gas Capacità Giornaliera Interrompibile (Solo in caso di completa assegnazione capacità continua) continua bundled Interromp. bundled continua unbundled Interromp. unbundled 23

La richiesta di capacità day-ahead Richiesta • Impegnativa • Max 10 offerte per asta 1. capacità oggetto dell’offerta di acquisto 2. capacità minima accettabile 3. corrispettivo unitario offerto (addizionale al Prezzo di Riserva) • Σ Offerte entro il Limite di Conferimento L’Utente può: • registrare fino a 10 richieste di acquisto per ogni prodotto offerto in asta (capacità-prezzo); • presentare, modificare o ritirare le richieste durante ciascuna sessione d’asta; • indicare un quantitativo minimo di capacità da allocare in caso non sia allocata tutta la capacità richiesta. 24

Criteri di assegnazione Algoritmo Uniforme Price : • • ordinamento delle offerte secondo i relativi prezzi decrescenti; soddisfacimento delle richieste fino alla concorrenza della capacità offerta; definizione del clearing price pari al prezzo dell’ultima offerta accettata; applicazione del criterio pro-quota in caso di parità di prezzo di offerta e richieste superiori alla capacità offerta. Il corrispettivo applicato all’Utente sarà pari a: • somma del clearing price (premio d’asta) e del prezzo di riserva; • prezzo di riserva, in caso di richiesta totale uguale o inferiore alla capacità offerta. 25

L’eventuale interruzione della capacità • La rinomina delle 19: 00 è aperta a tutti gli Utenti anche non partecipanti alle aste. • L’utente può rinominare la capacità conferita, non nominata nel primo ciclo di nomina, che risulta assegnata su base interrompibile nella seconda sessione d’asta day-ahead. • La capacità interrompibile assegnata è ridotta pro-quota agli utenti aggiudicatari sulla base della rinomina, in caso di superamento della capacità complessivamente disponibile. • Il corrispettivo applicato tiene conto della riduzione di capacità. 26

Esiti conferimento sul Portale Capacità (1/2) Attraverso apposita reportistica dedicata disponibile sul Portale Capacità ciascun Utente potrà visualizzare: • • l’esito di tutte le aste di sua competenza; le offerte di vendita di Snam Rete Gas; le richieste di acquisto di sua competenza; i quantitativi di capacità aggiudicati in esito all’asta; il prezzo di assegnazione; la tipologia di capacità; il periodo di conferimento; l’eventuale quota di capacità interrotta a valle del processo di rinomina. 27

Esiti conferimento sul Portale Capacità (2/2) 28

Aspetti commerciali e applicativi SRG http: //www. snamretegas. it/it/servizi/Annotermico_2012_2013/Conferimento_Transizione_A_T_avviato/conf erimenti_capacita_giornaliera_day_ahead. html Grazie per l’attenzione

Shipper Training Session San Donato Milanese, 5 & 6 March

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 31

Welcome The new platform PRISMA stands for an integrated European PRImary and Secondary MArket Shipper Training Session 05&06. 03. 2013 | Chart 32

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 33

Basic principles of PRISMA shareholders Following TSOs are shareholders of PRISMA: § Austria: BOG, Gas Connect Austria, TAG § Belgium: Fluxys Belgium § Denmark: Energinet. dk § France: GRTgaz § Germany: Bayernets, Gastransport Nord, Fluxys Tenp, Gascade Gastransport, Gasunie Deutschland Transport Services, GRTgaz Deutschland, Nowega, ONTRAS, Open Grid Europe, terranets bw, Thyssengas § Italy: Snam Rete Gas § The Netherlands: Gasunie Transport Services PRISMA is an open cooperation that allows all European TSOs to participate in the cooperation Shipper Training Session 05&06. 03. 2013 | Chart 34

Basic principles of PRISMA Background of the initiative Foreseeably in 2015, the Network Code on Capacity Allocation Mechanisms (developed by ENTSOG) will come into force for all European countries. The goal of the platform is an early implementation of the Network Code on CAM § § The new platform will serve for the booking of primary capacity products on all IPs of adjacent Entry Exit Systems in accordance with CAM. - Primary market features for points out of the scope of CAM can be envisaged. - In addition the platform will be able to handle regional regulatory specifics of different countries (e. g. FCFS). The partners are also working on the secondary market functionalities to be offered on the new platform. April 2013, GO-live of initial platform, releases with new features foreseen in the future § Not all of the products will be available right away § Until NC CAM comes into force the platform will also handle regional regulatory specifics of different countries Shipper Training Session 05&06. 03. 2013 | Chart 35

Basic principles of PRISMA Timeline PRISMA primary PRISMA creation, New websites & Additional registration information on the platform Registration start for European TSOs Jan Feb Launch of the European Capacity Platform PRISMA & auction start First Yearly Auction on PRSIMA primary* Start of rolling Month-Ahead and Day-Ahead auctions* April First Quarterly Auction on PRISMA primary* May June 2013 * Restrictions of TSOs can be seen in separate Interconnection Point Overview that will be available in the download section of the platform ** Start of within-day auctions scheduled for 2014 but not fixed yet 2014 Start of Within. Day Auctions** 2015 Shipper Training Session 05&06. 03. 2013 | Chart 36

Basic principles of PRISMA Application of ENTSOG Capacity Allocation Mechanisms (CAM) CAM applies to all interconnection points between adjacent Entry/Exit Systems (EE IPs) Standard Products regarding auction calendar: § Annual Yearly (first auction envisaged: May 2013 (extraordinary with some TSOs), March 2014 (ordinary) § Annual Quarterly (first auction envisaged: June 2013) § Rolling Month-Ahead (first auction envisaged: April 2013) § Rolling Day-ahead (first auction envisaged: April 2013) § Within-Day (foreseen first auction earliest 2014/2015) Domestic Points can be marketed on the platform on FCFS Basis, if needed § FCFS process part of the platform Firm and Interruptible Products will be auctioned at EE IPs § Interim period until CAM becomes effective due to national legislation possible Shipper Training Session 05&06. 03. 2013 | Chart 37

Basic principles of PRISMA Marketing structure Shipper A Booking TSO 1 Auction TSO 3 Shipper B Registration TSO 1, TSO 4 Auction TSO 1 Booking TSO 4 Capacity Platform TSO 1 TSO 2 … TSO N The platform offers two different market models (auctions and first-come-first-served bookings). Additionally, standardized registration, network and contract information services are available. Shipper Training Session 05&06. 03. 2013 | Chart 38

Basic principles of PRISMA Overview of the functionalities of PRISMA primary PRISMA Platform Shipper registration Overview of interconnection points Display of contract positions Auctions FCFS Bookings Booking request to TSO Display of free capacities Booking Overview of auctions Capacity Bundling, Upgrade, Surrender Execution of auctions Processing of auction results Shipper Training Session 05&06. 03. 2013 | Chart 39

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 40

Role Definitions Platform Roles Platform Operator TSO Platform Admin Shipper TSO Admin TSO User Everyone User Guest (unregistered) § Everyone – No registration and login is required. Guests can look at all the published data as well as at all publicly available information. Shipper User § Shipper role with the right to trade capacities with the TSOs. A shipper can have multiple users. TSO User § Role for performing non-configurative tasks for the TSOs like activating/deactivating transport customers. TSO Admin § Admin role for the configuration of TSO specific values and the management of documents. Platform Admin § Super user of the platform used for support and operations. This user can not trade. Shipper Training Session 05&06. 03. 2013 | Chart 41

Shipper user Rights Guest Role Definitions Role rights matrix x x x x x Public area Viewing public area/ pages Viewing master data of interconnection points Viewing booking relevant data Viewing auction data Starting a FCFS booking request Bookings and Auctions Booking via FCFS Submitting/ editing bids in auctions Saving auctions within the dashboard Returning capacity Viewing contract positions Administration of user accounts and assignments Editing (own) shipper data Removing (own) shipper user-TSO-assignment Editing(own) user data Deactivating (own) account Shipper Training Session 05&06. 03. 2013 | Chart 42

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 43

Registration The Registration Process § A single user of a shipper can only acquire transport capacities on the platform and on behalf of their company once they have been activated by the respective TSO. § Users of a shipper who would like to join the platform have to pass the registration process. § If a shipper company is not yet registered, the registration of the shipper takes place with the registration of its first user. A separate registration of the shipper company is not possible. § If no longer needed, the shippers as well as their users can be deactivated § In order to register to the platform shippers need an EIC Code After a registration the user receives a personal account and token. The account must not be shared with other company members and the token is not transferrable to other users! Shipper Training Session 05&06. 03. 2013 | Chart 44

Registration facts for the new platform Does a shipper already registered to TRAC-X primary have to re-register to PRISMA primary? § Customers successfully registered to the former TRAC-X primary do not have to re-register to PRISMA primary § But: shippers need to submit additional information to allow the platform to comply with European standards for shipper identification § § EIC Code (substitutes DVGW-Code as primary key) VAT Number IBAN BIC § After logging in with the usual authentication method (user name, token-code) the platform will ask for the additional information. § An EIC Code can be obtained at the Central Office or one of the national offices. For a full list, see http: //www. eiccodes. eu Please note that you will need to enter this information until 15 th March 2013, otherwise you will not be able to book capacities on PRISMA primary from 1 April 2013. Shipper Training Session 05&06. 03. 2013 | Chart 45

Registration Process model Shipper Registration request (online) Entering Identification Code Manual Evaluation of EIC/other codes PRISMA primary Does the company already exist on PRISMA? TSO * When requested by TSO Entering extended master data (for a new company) no Adding master data (user-based) Accepting PRISMA primary GTCs Selecting TSOs Forwarding customer master data to TSO* Accepting GTCs of TSO (link to TSO homepage) Filling out and sending TSO specific documents Providing TSO specific documents (mandate/ credit rating)* Activating shipper user for TSO on PRISMA primary Adding shipper data in system Checking mandate / credit rating Activation Shipper Training Session 05&06. 03. 2013 | Chart 46

Registration User interface § § In case a shipper is not yet registered on PRISMA primary, the registration of the shipper takes place with the registration of the first shipper user. A separate registration of the shipper company is not possible. 1 Enter EIC Code 2 Information to apply for an EIC Code Shipper Training Session 05&06. 03. 2013 | Chart 47

Registration User interface § Step 1: Check and complete the company data 1 Enter company data Shipper Training Session 05&06. 03. 2013 | Chart 48

Registration User interface § Step 2: Check and completion of the contact persons 1 Add more contacts for the shipper company (e. g. Dispatching, Billing). It is mandatory to add at least one contact per category. Enter the details of further contact persons 2 3 Shipper Training Session 05&06. 03. 2013 | Chart 49

Registration User interface § Step 3: Enter the user details 1 Enter user details 2 Shipper Training Session 05&06. 03. 2013 | Chart 50

Registration User interface § Step 4: Select one or more TSOs Alternative 1: Select all TSOs Alternative 2: Select individual TSOs For a successful registration the GTCs of the selected TSOs need to be accepted SNAM Rete Gas S. p. A. Shipper Training Session 05&06. 03. 2013 | Chart 51

Registration User interface § Step 5: Check your entered data and enter national identifiers 1 Checking the entered information Snam Rete Gas Enter national identifier codes, e. g. DVGW code (depends on the TSOs you selected). Shipper Training Session 05&06. 03. 2013 | Chart 52 2

Registration User interface § § After the registration you will receive a registration confirmation by PRISMA You will be informed about more required documents for the TSOs Shipper Training Session 05&06. 03. 2013 | Chart 53

Registration Finalise registration & following steps 1 The shipper user sends all required documents to the TSO (set by each TSO: e. g. mandate/ solvency check). Filling out and sending TSO specific documents 1 … 3 2 The TSO checks the documents and activates the shipper user. 3 With activation by the first TSO the shipper will be sent a token (electronic PIN generator) with which the user can log onto PRISMA primary. 2 The shipper user is now able to trade on the primary capacity platform. Checking mandate / credit rating Activating shipper user for TSO on PRISMA primary Activation Shipper Training Session 05&06. 03. 2013 | Chart 54

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Auction Booking Process 6. 1 Uniform Auction Process (Day-Ahead)) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 55

Capacity Products General § § § There are yearly, quarterly, month-ahead and day-ahead products. Where possible capacity will be bundled. Firm and interruptible capacity will be auctioned Interruptible capacity can be converted to firm capacity Return/surrender of firm capacity is possible* Shipper Training Session * At the moment not relevant in the Italian market 05&06. 03. 2013 | Chart 56

Capacity Products General § § § § All products are auctioned at predefined (different) points in time that can be found in the auction calendar. The publication of the specific products which will be auctioned takes place in due time before the auction starts (1 month for annual products, 1 week for quarterly and monthly products, no advance publication for day-ahead products). There are two different algorithms for actions: the ascending clock auction algorithm for yearly, quarterly, and month-ahead products and the uniform-price algorithm for dayahead products. The ascending clock auction takes place in at least one bidding round (is the demand in the first bidding round higher than the capacity offered more bidding rounds will be used). The duration of an ascending clock bidding round is one hour (exception: duration of the first bidding round is three hours) The number of bidding rounds in an ascending clock auction that are needed until an allocation is possible depends on the course of the auction. Day-ahead capacity is auctioned in a single bidding round via the uniform price algorithm Interruptible capacity auctions are optional until NC CAM comes into force and are until then subject to national variations Shipper Training Session 05&06. 03. 2013 | Chart 57

Capacity Products Auction types Monthly, Quarterly and Yearly products are auctioned by using an ascendingclock auctioning process § Auctioning takes place in (multiple) bidding rounds. § In each bidding round a bid for a certain quantity of capacity at a given price is submitted. § The price steps are determined by the platform. Day-Ahead products are auctioned in a process using the uniform-price algorithm § There is only one bidding round. § A shipper can submit up to 10 bids per auction. § The platform evaluates all bids in a descending-order according to their price. § The lowest price of all awarded bids is considered the clearing price. Shipper Training Session 05&06. 03. 2013 | Chart 58

Capacity Products Auction Times Overview Product Frequency of auctions Number of products per auction Start of the auction Bidding round Publication amount of capacity Publication of allocation results to individuals Auction algorithm Auction Calendar for firm capacity products Year 1 st Monday of March Y 1 to Y 15 annual Quarter Q 1 to Q 4 1 st Monday of June Month monthly M 1 3 rd Monday Day daily D 1 16: 30 First round 3 h: 09: 00 -12: 00 Then 1 h: 13: 00 -14: 00 15: 00 -16: 00 17: 00 -18: 00 16: 30 -17: 00 * 1 month before the auction starts* 1 week before the auction starts * no later than next business day * Ascending Clock auction Uniform Price auction no later than 30 minutes * 16: 30 Auction Calendar for interruptible capacity products Y, Q, M see above The day after closure of respective firm product 09: 00. Day daily D 1 17: 30 Time zone for all times: CE(S)T – Central European (Summer) Time see above The day after closure of respective firm product (7: 00) no later than next business day * Ascending Clock auction 17: 30 -18: 00 At the time the auction starts no later than 30 minutes * Uniform Price auction *09: 00 *after closing of the bidding round Shipper Training Session 05&06. 03. 2013 | Chart 59

Capacity Products Auction Calendar for Day-Ahead Products Marketing of dayahead D+1 (e. g. Tue for Wed) Feb Mar constantly Apr May t D for D+1 Parameter Calendar entry Valid for: Publication FIRM: On the day of the auction until 16: 30 CE(S)T D+1 Start of auction First auction INTERRUPTIBLE: On the day of the auction until 17: 30 CE(S)T FIRM: Recurring daily 16: 30 CE(S)T INTERRUPTIBLE: If offered, daily 17: 30 CE(S)T 01 April 2013 D+1 02 April 2013 Shipper Training Session 05&06. 03. 2013 | Chart 60

Capacity Products Bidding rounds Yearly, quarterly and monthly products § Day 1: 09: 00 – 12: 00 – 13: 00 – 14: 00 – 15: 00 […] 17: 00 – 18: 00 Day-Ahead products § 1 st bidding round processing & publishing 2 nd bidding round processing & publishing 4 th bidding round § As of day 2: 09: 00 – 10: 00 5 th bidding round 10: 00 – 11. 00 processing & publishing […] 17: 00 – 18: 00 x bidding round § § § Single-step approach (uniform price auction algorithm) Start 16: 30 Bid-list allowing max. 10 additive bids „Fill-or-kill“ option subject to minimum amount condition Pro-rata allocation in case of equally -ranked bids Price increment € 0, 00001 Same price for all successful bidders Shipper Training Session 05&06. 03. 2013 | Chart 61

Capacity Products Auction calendar § § The auction calendar can be found in the customer centre The auction calendar gives an overview of the auction starts and the auction publication dates as well as the transport duration of the products The overview of the different dates can be filtered by products Shipper Training Session 05&06. 03. 2013 | Chart 62

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 63

Booking Process Options for booking capacity Two possibilities to book capacities on PRISMA primary: § At Interconnection Points (Market area interconnection points and Cross-Border points) firm capacity is marketed via auctions. § Interruptible capacity will, until NC CAM comes into force, only be offered by some TSOs via auctions. § The German TSOs still offer to book capacities according to the “first-come-firstserved“ principle (FCFS) at points to end consumers, production and storage facilities (Grid Access Points). Furthermore, you can book interruptible capacities according to the FCFS principle at German Interconnection Points. Different possibilities to start one of the booking processes: § Auction overview : From a list of all available auctions you can directly access the screen for submitting a bid for a certain auction (booking process I) § Master data browser for interconnection points: see next slide Shipper Training Session 05&06. 03. 2013 | Chart 64

Booking Process Master data browser for interconnection points § The master data browser can be found in the section „Network Information“ Search for network points according to certain criteria Displays the different possible actions that are available at a specific network point Shipper Training Session 05&06. 03. 2013 | Chart 65

Booking Process Master data browser for interconnection points § § When you select an interconnection point all details of this point are displayed. In case of a bundled interconnection point a link will guide you to the two involved unbundled interconnection points. Snam Rete Gas Tarvisio Italy Entry Snam Rete Gas 0 Shipper Training Session 05&06. 03. 2013 | Chart 50 Chart 66

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Bundled Products Booking Process Shipper Training Session 05&06. 03. 2013 | Chart 67

Shipper Uniform Auction Process (Day-Ahead) Process map Platform TSO Receive confirmation Submit a bid Start auction Evaluate available capacity Design standard products Transfer to platform Evaluate bidding round Send result to TSO and Shipper Publish result Book capacity and setup contract Shipper Training Session 05&06. 03. 2013 | Chart 68

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Bidder A A 1 A 2 Available capacity surcharge Price component of a bid Bidder B Available capacity B 1 B 2 B 3 amount Volume component of a bid Shipper Training Session 05&06. 03. 2013 | Chart 69

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Bidder A A 1 A 2 Available capacity surcharge Bidder B Minimum amounts Price component of a bid Available capacity B 1 B 2 B 3 amount Volume component of a bid Shipper Training Session 05&06. 03. 2013 | Chart 70

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Placing bids surcharge Bidder A Available capacity surcharge A 1 Bidder B Available capacity B 1 A 2 B 3 amount Ranking according to price components Available capacity surcharge A 1 B 1 A 2 B 3 amount Shipper Training Session 05&06. 03. 2013 | Chart 71

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ Available capacity surcharge A 1 B 1 A 2 B 3 Shipper Training Session 05&06. 03. 2013 | Chart 72

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ Available capacity surcharge A 1 B 1 A 2 B 3 B 2 X B 3 amount § § amount B 2 = equilibrium bid Minimum amount < rest B 2 filled § B 3: price component < clearing price No consideration of B 3 Shipper Training Session 05&06. 03. 2013 | Chart 73

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 1: Fill-or-kill: „fill“ Available capacity surcharge A 1 B 1 A 2 B 3 B 2 X B 3 amount § § Clearing price = price component of B 2 amount B 2 = equilibrium bid Minimum amount < rest B 2 filled § B 3: price component < clearing price No consideration of B 3 Shipper Training Session 05&06. 03. 2013 | Chart 74

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ Available capacity surcharge A 1 B 1 A 2 B 3 amount Shipper Training Session 05&06. 03. 2013 | Chart 75

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ Available capacity surcharge A 1 B 1 A 2 B 3 X B 2 amount § B 3 = equilibrium bid Full allocation § B 2: Minimum amount > rest B 2 killed Shipper Training Session 05&06. 03. 2013 | Chart 76

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 2: Fill-or-kill: „kill“ Available capacity surcharge A 1 B 1 A 2 B 3 X B 2 amount § B 3 = equilibrium bid Full allocation Clearing price = price component of B 3 § B 2: Minimum amount > rest B 2 killed Shipper Training Session 05&06. 03. 2013 | Chart 77

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids Available capacity surcharge A 1 B 1 A 2 B 2 A 3 amount Shipper Training Session 05&06. 03. 2013 | Chart 78

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids Available capacity surcharge A 1 B 1 A 2 B 2 A 3 amount § amount Pro-rata allocation between B 2 and A 3 as long as minimum amount condition is fulfilled for both bids Shipper Training Session 05&06. 03. 2013 | Chart 79

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determination of the Clearing Price Example 3: Pro-rata allocation between equally ranked bids Available capacity surcharge A 1 B 1 A 2 B 2 A 3 amount § Clearing price = price component of B 2 or A 3 respectively amount Pro-rata allocation between B 2 and A 3 as long as minimum amount condition is fulfilled for both bids Shipper Training Session 05&06. 03. 2013 | Chart 80

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process Determining the Clearing Price Clearing price in case of no intersection between demand curve and available capacity § In general, the market clearing price equals the price component of the lowest successful bid § In case no intersection between demand curve and supply curve (available capacity) exists, the starting price of the respective auction (e. g. regulated tariff) will be considered as the clearing price tariff / surcharge Available capacity A 1 B 1 Clearing price = starting price amount Shipper Training Session 05&06. 03. 2013 | Chart 81

Uniform Auction Process (Day-Ahead) Details of a Day-Ahead auction § § For day-ahead auctions a simplified auctioning method is used. This means that there is only one bidding round in which you enter the desired capacity that you are prepared to buy up to a certain price. It is possible to place up to 10 bids per shipper for a day-ahead auction. Enter your bid Enter your maximum capacity amount Enter your minimum capacity amount Shipper Training Session 05&06. 03. 2013 | Chart 82

Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions § § By using the so-called day-ahead comfort function you have the possibility to submit bids for day-ahead auctions in advance. The comfort function can be started from the auction details screen or from “Comfort bids” in the “My PRISMA primary” section Creating a new comfort bid in advance Shipper Training Session 05&06. 03. 2013 | Chart 83

Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions § When using the comfort function for day-ahead auctions you have to select a time period during which you want to automatically use your defined bid for certain dayahead products. Entering a time period in which a bid is placed automatically for a dayahead product Shipper Training Session 05&06. 03. 2013 | Chart 84

Agenda 1 Welcome 2 Basic Principles of PRISMA 3 Role Definitions 4 Registration 5 Capacity Products 6 Booking Process 6. 1 Uniform Auction Process (Day-Ahead) 6. 2 Booking Process for Bundled Products Shipper Training Session 05&06. 03. 2013 | Chart 85

Shipper Booking Process for Bundled Products Bundled capacity process PRISMA Receive auction result Start auction [ ] Receive contract from TSO 2 Send result to shipper and TSO 1 Assign products to auction rounds * Bilateral coordination between TSOs Upload raw data or standard product Book capacity Setup contract TSO 2 Create & match bundled and unbundled products Receive contract from TSO 1 * Bilateral coordination between TSOs Upload raw data or standard product Book capacity Setup contract Shipper Training Session 05&06. 03. 2013 | Chart 86

Booking Process for Bundled Products Bundled capacity: tariffing § The payable price after auction consists of: Regulated capacity tariff TSO 1 + Additional fees TSO 1 + Regulated capacity tariff TSO 2 + Additional fees TSO 2 = Starting price + Auction premium division factor between TSO 1 & TSO 2 (Surcharge through price steps) (default 50% / 50%) = information from TSOs Payable price for shipper Shipper Training Session 05&06. 03. 2013 | Chart 87

Booking Process for Bundled Products Auction Details § § § The bundling of capacities takes place at all possible interconnection points In case of a bundled auction you will be informed about it in various places The way a bundled product is displayed is different that of an unbundled product 2 interconnection points, market areas, TSOs, capacity types, prices etc. are shown Shipper Training Session 05&06. 03. 2013 | Chart 88

Booking Process for Bundled Products Submitting a bid § When submitting a bid for a bundled product you have to accept the GTCs for each TSO and enter (optionally) a balancing group / portfolio code for each TSO. Enter a balancing group for TSO 1 (depending on the TSO optional or mandatory) Enter a balancing group for TSO 2 (depending on the TSO optional or mandatory) Accept the GTCs of TSO 1 & TSO 2 Shipper Training Session 05&06. 03. 2013 | Chart 89

Contact information Information before registering on the platform PRISMA Hotline § Tel. : +49 341 699 2990 66 § primary@prisma-capacity. eu For technical issues after registration User Help Desk § Tel. : +49 341 699 2990 69 § support-primary@prisma-capacity. eu For TSO related issues § Please call your individual TSO contact Shipper Training Session 05&06. 03. 2013 | Chart 90

Thank you!