Proposed Changes in Capacity Reports for Implicit Auctions
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New report on the Offered Capacity in Implicit
Auctions identifying Interconnector trading
opportunities in EA2 and WD1
•
Required by Congestion Management
Guidelines [Regulation (EC) no. 714/2009]
•
Consistent with SEM-12-054 [
Intra Day
Congestion Charging Methodology]
•
To be produced after EA2 and WD1, for each
Interconnector, for each Trading Period
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Indication of the minimum IUN allocation
available in any Trading Period
Total
MIUNs
Total
MIUNs
Import
Offered
Capacity
Export
Offered
Capacity
0
Import ATC
Export ATC
TP1
TP2
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Changes made to IDT version of the code
[MOD_18_10 V2]
•
Added reports to Appendix E and Agreed
Procedure 6
•
New Terms in Glossary
–
AIC: Allocated Interconnector Capacity
–
OICE: Implicit Auction Offered Interconnector Capacity for Export
–
OICI:
Implicit Auction Offered Interconnector Capacity for Import
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Mod_12_11: Interconnector Unit Loss
Adjustment when Exporting
–
Original: XXXLF
uh
= XXX
uh
x CLAF
uh
–
Import:
XXXLF
uh
= XXX
uh
x CLAF
uh
–
Export:
XXXLF
uh
=
XXX
uh
/ CLAF
uh
•
This Mod is to treat Interconnector Residual
Capacity Units in the same way:
–
Interim: CONP
uh
= (SIIP
lh
+ SIEP
lh
) *
CLAF
uh
–
Proposed: CONP
uh
= (SIIP
lh
x CLAF
uh
) +
(SIEP
lh
/ CLAF
uh
)
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2
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Simplification of the Calculation
–
Current: CONP
uh
= (
SIEP
lh
x SIEQ
lh
+
SIIP
lh
x SIIQ
lh
) x
TPD
x CLAF
uh
–
Interim: CONP
uh
= (
SIIP
lh
+
SIEP
lh
) * CLAF
uh
–
Proposed: CONP
uh
= (
SIIP
lh
x CLAF
uh
) +
(SIEP
lh
/ CLAF
uh
)
•
Current: notional hourly price by quantity in a
given direction
•
Proposed: half hourly net payment information
•
Multiply the import payment by CLAF and divide
the export payment by CLAF
•
Allows for more complex SO Trade scenarios
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An SO Trade can only occur after market gates
are completed for the relevant Trading Periods
•
Paper due to be published shortly explicitly
detailing the scenarios where they will be
considered
•
New reports being introduced on the Auction
Management Platform
–
SO Trade Prices
–
Individual SO Trade details
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Changes to definitions in 5.70, Glossary,
Appendix K, e.g.
–
SO Interconnector Import
Price
Payment
(SIIPlh) which is the
volume-
weighted average price
payment
for each Trading Period for SO
Interconnector Trades
which are for
when they are a net MW
import to the
Pool (or zero if there are no such trades);
–
SO Interconnector Import Quantity (SIIQIh) which is the time-weighted
average
net
quantity for each Trading Period (expressed as a positive
number in MW) of SO Interconnector Trades
which are for
when they are a
net MW
import to the Pool (or zero if there are no such trades)
•
Calculation in 5.90 changed as previous
(proposed) and the interim calculation in 7.70
–
Implementation with Mod_12_11
S
y
s
t
e
m
s
•
Source system for the SO Trade information is
the Auction Management Platform
•
No change to SEM interfaces – uses existing SO
Interconnector Trade Data Transaction
•
Calculation performed by SEMO Operations for
invoicing using spreadsheet (minor adjustment)
A proposal for new reporting requirements related to offered capacity in implicit auctions, focusing on identifying interconnector trading opportunities in specific trading periods. The report aims to provide crucial data such as minimum IUN allocation, import/export offered capacity, ATC values, and more. Additionally, changes in terminology and drafting procedures are outlined, along with adjustments in the calculation methodology for constraint payments and interconnector unit loss adjustments. The proposed modifications aim to simplify calculations and improve the accuracy of capacity-related reports.
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Presentation Transcript
MOD_17_12 Report on Offered Capacity in Implicit Auctions
Proposed Change New report on the Offered Capacity in Implicit Auctions identifying Interconnector trading opportunities in EA2 and WD1 Required by Congestion Management Guidelines [Regulation (EC) no. 714/2009] Consistent with SEM-12-054 [Intra Day Congestion Charging Methodology] To be produced after EA2 and WD1, for each Interconnector, for each Trading Period
Report Content Indication of the minimum IUN allocation available in any Trading Period Import Offered Capacity Import ATC Total MIUNs Total MIUNs TP2 0 TP1 Export Offered Capacity Export ATC
T&SC Drafting Change Changes made to IDT version of the code [MOD_18_10 V2] Added reports to Appendix E and Agreed Procedure 6 New Terms in Glossary AIC: Allocated Interconnector Capacity OICE: Implicit Auction Offered Interconnector Capacity for Export OICI: Implicit Auction Offered Interconnector Capacity for Import
MOD_18_12 Constraint Payments Calculation for Interconnector Residual Capacity Units
Proposed Change 1 Mod_12_11: Interconnector Unit Loss Adjustment when Exporting Original: XXXLFuh = XXXuh x CLAFuh Import: XXXLFuh = XXXuh x CLAFuh Export: XXXLFuh = XXXuh / CLAFuh This Mod is to treat Interconnector Residual Capacity Units in the same way: Interim: CONPuh = (SIIPlh + SIEPlh) * CLAFuh Proposed: CONPuh = (SIIPlh x CLAFuh) + (SIEPlh / CLAFuh)
Proposed Change 2 Simplification of the Calculation Current: CONPuh = (SIEPlh x SIEQlh + SIIPlh x SIIQlh) x TPD x CLAFuh Interim: CONPuh = (SIIPlh + SIEPlh) * CLAFuh Proposed: CONPuh = (SIIPlh x CLAFuh) + (SIEPlh / CLAFuh) Current: notional hourly price by quantity in a given direction Proposed: half hourly net payment information Multiply the import payment by CLAF and divide the export payment by CLAF Allows for more complex SO Trade scenarios
SO Trade details for reference An SO Trade can only occur after market gates are completed for the relevant Trading Periods Paper due to be published shortly explicitly detailing the scenarios where they will be considered New reports being introduced on the Auction Management Platform SO Trade Prices Individual SO Trade details
T&SC Drafting Change Changes to definitions in 5.70, Glossary, Appendix K, e.g. SO Interconnector Import Price Payment (SIIPlh) which is the volume- weighted average pricepayment for each Trading Period for SO Interconnector Trades which are forwhen they are a net MW import to the Pool (or zero if there are no such trades); SO Interconnector Import Quantity (SIIQIh) which is the time-weighted average net quantity for each Trading Period (expressed as a positive number in MW) of SO Interconnector Trades which are forwhen they are a net MW import to the Pool (or zero if there are no such trades) Calculation in 5.90 changed as previous (proposed) and the interim calculation in 7.70 Implementation with Mod_12_11
Systems Source system for the SO Trade information is the Auction Management Platform No change to SEM interfaces uses existing SO Interconnector Trade Data Transaction Calculation performed by SEMO Operations for invoicing using spreadsheet (minor adjustment)
