Common Electricity Market Kosovo Albania Presented by Naim Bejtullahu, CEO of KOSTT
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1 - K O S O V A N T R A N S M I S S I O N S Y S T E M & M A R K E T O P E R A T O R - O P E R A T O R I I S I S T E M I T, T R A N S M I S I O N I T & T R E G U T T Ë K O S O V Ë S - Common Electricity Market Kosovo Albania Presented by Naim Bejtullahu, CEO of KOSTT
2 Content 1) Restructuring process and Country characteristics 2) Why Common market 3) Optimization analysis and cost benefit 4) Legal framework for common market 2
3 Liberalization and restructuring process KS & AL Countries of 8 th region Signatories Implementation of Acquis Communautaire Creation of single mechanism for cross-border transmission and electricity trade Increase of investment From Developed Primary Legislation in Energy Sector Liberalization and restructuring in power sector is ongoing process TSOs unbundled from Generation and supply Unbundled Distribution and Supply from Generation Signatories of MoU on the establishment of CAO Shareholder and founders of PTC for establishment of CAO Development of Secondary Legislation Market Designs, Market Rules, Technical Codes 3
4 Current Cooperation in power sector from electricity market point of view Agreements of cooperation between the respective Ministries of Kosovo and Albania in energy sector Agreement of understanding between national regulatory Authorities (ERE and ERO) Inter TSO agreement between OST-KOSTT Agreement on electricity exchange between power producers (KEK-Kosovo & KESH-Albania) Ongoing discussion on establishing common market KS-AL 4
5 Country Market characteristics Kosovo and Albania currently are characterized with : relatively small size of national power markets lack of generation capacity to meet growing demand lack of diversity and adequacy of the generation capacities wholesale activities are limited to import and exports regulated electricity tariffs below recovery cost long term supply arrangements between supplier and state owned generators The short term market in Kosovo and Albania is immature with no real trading activities. There are no day-ahead auctions organized and It is unlikely that at this stage the spot auction market will be organized. 5
6 Power market Information Info Units Albania Kosovo KS-AL Population Milion Area (10 3 ) Sq km Generation capacities MW 1, ,375 Electricity Production GWh 4,722 5,471 10,193 Electricity Demand GWh 7,617 5,493 13,110 Production % coal Production % hydro Peak Demand MW 1,485 1,168 2,653 Import GWh 2, ,464 Average import price /MWh Export GWh Average export price /MWh * Source TSOs(KOSTT & OST), NRA(ERO&ERE) 6
7 TRANSMISSION SYSTEM LONG TERM VISION ( MASTER PLAN )
8 Interconnection capacities(natural transfer values) 400 (400) RSS 0 (600) 800 MNES (800) KS 600 (1200) MCS 800 AL 0 (600) Existing MW (Future MW) 600 (600) GRS 400kV interconnections 400kV future interconnections 220kV interconnection,
9 Why common market KS-AL?... Will meet the objective of governments for security of supply Will be more competitive and will provide truthful signals for: investment in power generation and its diversity and Investment in power networks The market characteristics in Kosovo and Albania suggest that integrated market would: benefit the consumers in both countries optimize the use of generation resources and import export needs. Increase the reliability of both power system interconnection capacities and generation mix in both countries enable full integration of the markets. Operation as a single bidding zone allows: efficient and optimal use of generation resources, reserves and transmission network. Improvement of the security of supply. 9
10 Common electricity market Common market of Kosovo and Albania in line with EU target model objective of Energy community a single bidding zone in all markets timeframes interconnections KS-AL will be considered as internal lines No capacity booking or scheduling requirement would be coupled with other zones on the day ahead and intraday markets cross-border capacities with other zones would be allocated in line with the Forward Network Code The generation mix would allow generators to optimize their generation portfolio will link a hydro-based system of Albania with a lignite-based system of Kosovo 10
11 Imp/exp optimization analyses (ex-post ) four days in different seasons are considered in KS&AL High demand days low demand days the utilization of generation resources in Kosovo and Albania and their import/export as two market zones are observed Assumption - no network congestion between KS-AL and two national markets could operate as a single market generation output and consumption are merged into a single diagram import and export with associated prices are netted daily benefits for the common market are assessed considering the real generation output on the specific days optimizing only import and export benefits from import and export optimization are assumed up to EUR 150k per day 11
12 Individual high demand cases (31/12/2012) MW in Albania import is used as a baseload import prices in Albania assumed at 68 EUR/MWh region market price Imp/Exp AL Hydro AL Consumption AL h MW Thermo KS Imp/Exp KS Consumption KS h in Kosovo import is used as a peak load import prices in Kosovo 80 EUR/MWh on average for winter season Export price off TPP in Kosovo is considered 31 EUR/MWh 12
13 Merged high demand cases (31/12/2012) 3000 MW Thermo KS Imp/Exp AL Hydro AL Imp/Exp KS Consumption AL+KS h By applying the netting of export and import needs the daily benefits for the common market are assumed close to EUR 93k 13
14 Individual low demand case (07/05/2012) MW in Albania import is used as a baseload import prices in Albania assumed at 58 EUR/MWh average for April in region Imp/Exp AL Hydro AL Consumption AL h MW Thermo KS Imp/Exp KS Consumption KS h in off-peak periods thermal plants in Kosovo are sufficient to meet demand Export price off TPP in Kosovo is considered 31 EUR/MWhaverage for
15 Merged low demand case (07/05/2012) 2000 MW h Thermo KS Imp/Exp AL Hydro AL Imp/Exp KS Consumption AL+KS By merging the markets the benefits for the common market for this day are assumed close to EUR 158k 15
16 Cost benefit of imp/exp optimization Days Import Costs AL Import Costs KS Costs Common market Net benefit analysed EUR EUR EUR EUR PEAK AL (31/12/12) 647,406 11, ,957 93,041 OFFPEAK AL (01/05/12) 516,627-15, ,347 62,211 PEAK KS (31/01/12) 738, ,540 1,252,582 0 OFFPEAK KS (07/05/12) 544, , , ,876 Daily costs/benefits on average 611,599 92, ,378 78,282 assuming that in 85% of the days there are benefits from optimized import and export, yearly benefit will be around EUR 24 million 16
17 Benefits from the common market Lower system costs (for both systems) Higher security of supply Encourage power market competition Encourage economic development through lower tariffs Preparation for the European Internal Market (EU Membership) Meeting European objectives 20:20:20 (20% reduction of emissions, 20% renewable energy, and 20% improvement of energy efficiency by 2020)
18 Legal framework for common market Government Approval to establish the Common Market Harmonization and development of legal, regulatory, market and operation framework. Harmonization of primary legislation of contracting countries legal structure of the common market must be determined identify the options for regulating the common market Coordination in tariff reforms, supporting the aimed market; develop the detailed design of the common market All time frames markets; Balancing and auxiliary services market; Retail market(s), etc. Harmonization and adoption of secondary legislation for implementation of the common market; 18
19 Conclusion There are three main conclusions drawn from our assessment: 1. Optimizing import and export needs in a common market provides extra benefits for both countries. (Estimated EUR 24 million annually) 2. There is a high potential to optimize the generation portfolio through economic dispatch. The generation mix allows for a short term market to be developed and efficient use of generation reserves. 3. Common market is in line with the EU target model and is flexible to future integration into regional market. 19
20 Thank You 20
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