Nordic Balance Settlement. Reference Group Meeting November 6 th -7 th, 2012 Hilton Hotel (Helsinki Airport)
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1 Nordic Balance Settlement Reference Group Meeting November 6 th -7 th, 2012 Hilton Hotel (Helsinki Airport)
2 Agenda Nov. 6 th, 2012 November 6 th Time What Com. 12:00 13:00 Lunch at Hilton Hotel 13:00 13:20 Welcome Presentation of each meeting participants Why are we here? Presentation of meeting agenda 13:20 14:20 NBS so far Background Progress Status 14:20 15:00 "Round-table" view on NBS NBS consequences for your organization 15:00 15:20 Coffee Break Tor B. Heiberg all Tor B. Heiberg all 15:20 17:00 The NBS model Overview The different business processes Interface to DSO's and BRP's Changes since phase II Status of design work 2 Mats Elmer Pasi Lintunen 19:00 Dinner at Hilton Hotel
3 Agenda Nov. 7 th, 2012 November 6 th Time What Com. 09:00 10:15 Open issues Issued to be discussed with RG 10:15 10:30 Coffee Break Morten Torgalsbøen all 10:30 11:30 Open issues (cont.) Issued to be discussed with RG 11:30 12:00 Summing up Home work Time schedule Next meeting Morten Torgalsbøen all Tor B. Heiberg 12:00-13:00 Lunch at Hilton Hotel 3
4 Meeting participants: November 6 th 4
5 About Balance Settlement Balance Settlement is a required function in the deregultated power market whose objective is to financially clear the inevitable imalance between procurement and sale of electric power for each market participant. SR (Settlement Responsible) Each TSO in the Nordic countries is doing the balance settlement in his respective country. They thereby have the role as Settlement Responsible (SR) BRP (Balance Responsible Party) A Balance Responsible Party (BRP) must have an agreement with Settlement Resposible (SR). The BRP takes the responsibility to balance and be financial counterpart for a defined physical power portfolio to be traded in the market area of the SR. RE (Retailer) A Retailer (RE) must either be balance resposnible him self or have an agreement with a BRP that handles his physical power portfolio towards SR. MGA (Metering Grid Area) A Metering Grid Area (MGA) is a physical grid wholly owned by a grid company (DSO). All exchange with adjacent MGA s is hourly metered. DSO (Distribution System Operator) A Distribution System Operator (DSO), is obliged to report metering data to SR for power exchange in MGAs in the market area of the SR. 5
6 About Balance Settlement (ii) Settlement Responsible caluculates imbalances Settlement Responsible calculates payments Settlement Responsible executes invocing and payments to Balance Responsible Parties Settlement Responsible calculates and manages collaterals november 2012
7 Background (i) NORDREG (Nordic regulators) November 6 th Has since 2005 worked towards a truly common Nordic retail Market with free choice of supplier november
8 Balance Settlement - Partly Nordic Harmonized model - from 2009 Prismodell Balanser Kostnadsallokering Gebyrstruktur Danmark 1- og 2-pris 2 balanser (Forbruk og Produksjon) Administrasjon + IT + noe reservekostnader 4 felles gebyrer Finland 1- og 2-pris 2 balanser (Forbruk og Produksjon) Administrasjon + IT + noe reservekostnader 4 felles gebyrer Norge 1- og 2-pris 2 balanser (Forbruk og Produksjon) Administrasjon + IT + noe reservekostnader 4 felles gebyrer Sverige 1- og 2-pris 2 balanser (Forbruk og Produksjon) Administrasjon + IT + noe reservekostnader 4 felles gebyrer
9 Balance Settlement Nordic Harmonized model But still differences in how it is conducted in our respective countries; some examples: Exception, small scale power Settlement frequnce Reporting deadlines Invoicing Danmark Nei Daglig (+5d) +3D Månedlig Finland Ja (1MW) Hver 14.dag Hver 14.dag Norge Ja (3MW) Ukentlig +3D Ukentlig Sverige Nei Daglig (+1d) Daglig Hver 14.dag Corrections Reporting level Reconciliationr Danmark Ja BRP TSO Finland Nei RE Netteier Norge Nei BRP/RE Netteier Sverige Ja BRP TSO 11/20/2012 9
10 The current Nordic Market Balance Responsible Parties and Retailers must relate to 4 different national standards: november 2012
11 Final report NORDREG November 6 th Background (ii) november
12 November 6 th Background (ii) NORDREG Market Design Report (mai 2009) 12
13 Background (iii) November 6 th Nordic Ministers, Oct 27th, 2009 Gives their support to NordREG recommodation for a common Nordic end-user market within 2015 Requests a detailed implementation plan of the required moves that must be taken to achieve this goal before the next ministrial meeting in 2010 NORDREG is given the assignment 13
14 TSO initiatives 2009: November COBS I 6 th 2010: COBS II 2011: NBS II : NBS I Design completed NBS Implementation
15 Reference Group autumn 2010 and Consultation NBS spring 2011 Response November 6 th Finland: 10 Denmark: 4 Sweden: 15 Norway: 4 Nordisk: Vattenfall, Fortum, Markedskraft Regulators: NordREG D+1 er for krevende I forhold til å oppnå god kvalitet Konklusjon: endre NBS modellen til D+2 Ønske om at bilaterale korreksjon gjøres av SR etter 9 virkedager Konklusjon: ingen endring KPI s for BRP skal ikke offentliggjøres, dvs. gjøre individuelle KPI anonyme Konklusjon: endre NBS modellen ihht. forslaget Valuta noen vil ha EURO, mens andre vil ha nasjonal valuta Konklusjon: will use EURO as base currency Endelig avregning på 9. virkedag; (FI ønsker lenger, NO og DK kortere, og noen ønsk kalender dager I stedet for virkedager Konklusjon: ingen endring Bilateral handel rapportert på finere oppløsning enn BRP nivå, dvs. På RE nivå også ( Konklusjon: endre slik at det kan velges finere oppløsning Profilering og kvarkraftoppgjør må beskrives mer detaljert (FI,DK) Konklusjon: Vil bli gjort i fortsettelsen av prosjektet NBS Implementaringslan (første kvartal 2014) er for kort Konklusjon: ingen endring, branjsen vil uansett få 18 måned frist 15 Reporting requirements for production has to be described in more detail Konklusjon: Vil bli gjort i fortsettelsen av prosjektet
16 Feedback from regulators spring 2011 Feedback fra regulatorene (NordREG) In general positive to NBS proposal Proposed closer co-operation to improve regulatory cahnages Further analysis required Detailed requirements for regulatory changes worked out for each country Discussed with regulators Regulators started to prepare accordingly
17 The NBS project November 6 th NBS = Nordic Balance Settlement A project between Fingrid, Svk and Statnett Objective: "To establish a common Nordic Balance Settlement Main phases: 1. Design ( ) 2. Implementation ( ) 17
18 Why NBS November 6 th 1. NBS will be one of the "corner stones" in a common Nordic retail market 2. NBS will increase competition among BRPs and lower the costs for retailers and producers. 3. NBS will increase the quality of settlement and invoicing not only for the BRPs but also for the whole retail market. 4. NBS will increase innovation 5. NBS will reduce costs of balance settlement and increase transperency 6. NBS will be a reference model within EU for the development of integrated power markets. 18
19 NBS model defined objectives November 6 th A common Nordic Model for: Calculation of imbalances Profil calculations Reconciliation (saldooppgjør, kvarkraft) Reporting between SR, DSO, BRP og RE Margin calls Invoicing KPIs AMR requirements with respect to resolution and collection of metering data Electronic Data Interchange (EDI) 19
20 The main market participants November 6 th BRP 1 SR (NBS) RE 1 RE 2 RE 3 Data hub DSO 1 DSO 2 DSO 3 End customers 20 End customers 20
21 Main elements of NBS (i) A common Nordic unit for balance settlement a common SR November 6 th As a separate company equally owned by the TSOs Each TSO formally SR in his own country Agreement betwenn SR and each TSO Roles and division of responsibilities System Operations Cost base and fee level Agreement between SR, DSO s and/or national datahubs Data exchange One balance agreement between SR andbrp For all operational aspects identical independent of country With sepparte addendums for each country to handle legal differences between the countries. Supported by a "Balance Settlement 21 Handbook Local support (different languages)
22 Main elements of NBS (ii) Calculation November of 6 th imbalances: Daily reporting from DSOs: Data for Settlement Day to be reported two days after (D+2) and can be updated until nine days after (D+9) Production per metering point and hour Consumption per RE and BRP per hour Consumption per RE og BRP profiled Principles of calculation One-price for consumption imbalances Two-price for production imbalances Preliminary settlement daily for D+2 to D+8 Final settlement after D+9 Corections after D+9 must be done bilaterally between DSOs og BRPs 22
23 Main elements of NBS (iii) Reporting production November 6 th Production to be reported per Regulation Object (RO) Gross reporting, i.e. must be seprated from consumption Imbalances calculated by aggregating RO whitin each price area Reporting of large consumption units No separate treatment handled as ordinary consumption Profiling and reconcilliation for non-hourly metered units AMR will reduce the share of non-hourly metered units Model for non-hourly metered units : DSO reports estimated load shares per BRP before month start SR uses estimated consumption in balance settlement DSO calculates and reports final load shares and consumption to SR SR performs reconcilliation settlement 23 towards each BRP; summarized for all DSOs
24 Main elements of NBS (iv) Invoicing: Weekly per BRP Invoice period M T O T F L S M T O T F L S M T O T F L S Collaterals: KPI: Per BRP; Dynamic with respect to changes in payments, payments due and expected imbalances DSO: Coorections of metering data BRP: Imbalances 24 SR: Derlays and corrections Invoice Day 24
25 Main elements of NBS (v) Before November delivery month 6 RE BRP 1:1 1:1 DSO SR 1:1 1:1 Load Profile Share (LPS) per MGA & RE / BRP Before Gate Closure RE BRP Communication between BRP and RE (not regulated in this report) 2:5 DSO SR 2:1 2:2 NPS reports BRPs trade in Elspot and Elbas. SR could operate TSOs obligations inside one Balancing Area Both BRPs in bilateral trade report trade except NPS trade. SR could operate TSOs obligations inside one Balancing Area 2:3 BRP report production plans Short Time After Gate Closure RE BRP DSO SR 3:1 3:2 BRPs update their productions plans during the delivery hour for operational purposes (Sweden and Denmark) TSO makes available binding plans; Elspot trade and Elbas trade, bilateral trade and trade between BRP and TSO (including regulation power) 2:1 2:2 2:3 2:4 2:1 2:2 2:4 BRP reports bid for up- and down regulation 3:1 Production plans 3:2 NPS TSO NPS 2:1 TSO 2:5 TSO could report back if inconsistency NPS TSO Metered data day 1 9 after RE BRP NPS 4:1 4:7 4:2 DSO SR TSO 4:1 DSO report hourly metered data per metering point on production & consumption 4:2 DSO report metered data for production 4:3 4:3 DSO report aggregated RE/BPR hourly 4:4 4:6 metered data per MGA on consumption 4:5 4:4 DSO report per RE/BPR profiled consumption per MGA 4:5 4:7 DSO report aggregated hourly metered data per MGA on exchange metering points 4:6 SR report QA on area balance per MGA SR provide aggregated RE/BPR hourly metered data and profiled consumption per MGA on consumption and production Metered data of profiled metering Reconciliation settleme RE BRP NPS 6:1 DSO SR TSO 6:1 DSO report metered data per metering point on profiled consumption RE BRP NPS 7:3 7:3 7:4 7:1 DSO SR TSO 7:2 7:1 7:2 7:3 7:4 DSO report aggregated RE/BRP reconciled energy per MGA on consumption SR report QA data per MGA on reconciled energy SR make available aggregated RE/BRP reconciled energy per MGA on consumption SR report reconciled energy & payment per Balancing Area Reporting process and technology to be aligned with NordREG project!
26 November 6 th NBS Implementation
27 NBS commitment from TSO s November 6 th Decision for CEO meeting Dec. 20 th, 2011: SvK Fingrid and Statnett agrees to implement NBS within the framework of the results from the NBS design phase: - Design model - Organizational model - Resources - Budget 27
28 NBS organizational model: November 6 th NBS operated by independent company owned by the TSO s TSO s formally responsible for balance settlement in own country Hosted by the TSO s for the first 3-5 years Main host to be decided in CEO meeting dec. 13 th, 2012
29 NBS overall implementation plan: November 6 th Nordic Balance Settlement - Implementation Settlement model - design review Data exchange format/changes specification IT System PreQualification IT System requirement specification and RFP IT System construction / testing NBS organization model selection Reference group meetings Regulatory changes (FIN, SWE, NOR) Industry preparation Test period Go Live
30 November 6 th Web pages:
31 November 6 th Thank you for your attention! 31
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