Regional market framework

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1 h t t p : / / w w w. n o r d p o o l s p o t. c o m / s e r v Regional market framework Manama

2 Nord Pool Consulting

3 Nord Pool Consulting are participating in developing modern power markets across the world Nord Pool Consulting offer services to Governments, Power Exchanges, Regulators, TSOs and other stakeholders on: BILDE Market design Rulebook development Market regulation Power market systems Analysis and reports Nord Pool Academy Capacity building Study tours Standard courses incl certification nordpoolgroup.com/academy

4 Some Experiences from International Power Markets European target model VWEM - Vietnam Southern African Power Pool Day-Ahead prices are determined simultaneously across Europe The Price Coupling of Regions (PRC) initiative now enables the coupling of Day Ahead electricity markets in 2 countries representing over 90% of European power consumption. NORWAY SWEDEN FINLAND ESTONIA RUSSIA NORDPOOL COLORS Use Eyedropper from Font Color or Shape Fill dropdown 100% 40% 90% 80% 70% 60% DARK BLUE LIGHT BLUE GREEN BLACK SECONDARY ACCENT COLORS OFF-WHITE LATVIA WHITE DENMARK LITHUANIA IRELAND BELARUS UK BELGIUM NETHER- LANDS GERMANY POLAND UKRAINE Part of PCR initiative today 4 MMC Independent FRANCE ANDORRA LUXEMBOURG CZECH REPUBLIC SLOVAKIA MOLDOVA AUSTRIA HUNGARY SWITZERLAND ROMANIA SLOVENIA CROATIA BOSNIA & SERBIA HERZEGOVINA BULGARIA MONTE- KOSOVO ITALY NEGRO MACEDONIA PORTUGAL SPAIN ALBANIA TURKEY GREECE nordpoolgroup.com/academy 92 South-east Europe India ASEAN

5 EU Market framework (+ SAPP as an example of something else ) nordpoolgroup.com/academy

6 Integrating markets for over two decades - Evolution not revolution nordpoolgroup.com/academy

7 The Nordics Utilizing the Value of Differences Complementary production Security of supply Cost synergies Climate challenge

8 Market place license REMIT Transparency Regulation Network Codes Electricity wholesale market regulation Rules related to Nord Pool and its members Rules related to the wholesale market Norwegian Ministry of Oil and Energy NVE Nord Pool AS Cross-border trading license Trading Rules Market Conduct Rules Wholesale market participant (Nord Pool member)

9 SOUTHERN AFRICAN POWER POOL SAPPs history is part of our history

10 SAPP reporting structure SADC Council Integrated SADC Council of Ministers SADC Committee of Senior Government Officials SADC Directorate of Infrastructure and Services SAPP

11 SAPP Governance structure SADC-DIS Executive Committee RERA Management Committee Planning Sub- Committee Operating Sub- Committee Coordination Centre Board Environmental Sub-Committee Markets Sub- Committee Coordination Centre

12 SAPP Main governing documents Inter-Governmental MOU Established SAPP and was signed by SADC Member Countries in Revised document signed on 2 February Inter-Utility MOU Established the Management of SAPP. Revised document signed on 25 April Agreement Between Operating Members Signed by Operating Members. Revised document signed May 2008 Operating Guidelines Reviewed and approved in Market Book of rules (with supporting guidelines) Developed initially in 2005, and last updated in 2016

13 SAPP MARKET TRADING PLATFORM Built to support the future African power markets Southern African Power Pool TSOs FPM Forward Physical contracts Weekly and monthly - auction trading - Forwards Week peak load Week off-peak Week weekend DAM Marketequilibrium one day ahead - auction trade - IDM Physical contracts hours ahead - cont. trade - Balancing Power Single buyer National markets System Operation Real-Time Operation Monthly baseload SAPP Settlement and financial management Settlement of all physical contracts Settlement of wheeling and losses Market monitoring and reporting Balancing generation and consumption in realtime Services during the Real- Time-Operation: Controlling frequency and voltage etc.

14 THE AFRICAN POWER MARKET MODEL Based on evolution, not revolution Nord Pool Consulting has supported SAPP since 2004 in their efforts of building a regional power exchange and are still heavily involved in supporting SAPP in the evolution of their markets DR Congo Currently we are working on how to expand the coupling of the markets into EAPP as well. Tanzania SAPP and Nord Pool have a memorandum of understanding for our continued cooperation Angola Zambia Malawi Namibia Botswana Zimbabwe Mozambique Swaziland South Africa Lesotho

15 GCCIA Market framework

16 Single buyer no market 2 NEC NM1 Market Integration Regional Trading of National Single buyers Prices all areas Flow all ICs Regional Price Calculation 1 GCCIA 1 1 ATC all ICs = NEC NM2 NP Service provider + + ATC all NEC NM1 ATC all Flow all ICs Calculation of TC for all interconnections Single buyer no market NEC NM2 Prices all areas Flow all ICs

17 Market Participants Bidding Results/Settlement Bids 2 Results National Market Operator 1 Bidding process Scheduling Create NEC 2 2 NEC NM1 Prices all areas Flow all ICs Regional Price Calculation Market Integration Regional Coupling of National markets and National Single buyers 1 GCCIA 1 1 ATC all ICs = NEC NM2 NP Service provider + + ATC all NEC NM1 ATC all Flow all ICs Calculation of TC for all interconnections Single buyer no market NEC NM2 Prices all areas Flow all ICs

18 Market Participants Bidding Bids 2 National Market Operator 1 Bidding process Create NEC 2 NEC NM1 Market Coupling Regional Coupling of National Day-Ahead Markets Results/Settlement Results Scheduling 2 Prices all areas Flow all ICs Regional Price Calculation 1 GCCIA 1 Market Participants Bidding Bids 1 ATC all ICs National Market Operator n Bidding process = NEC NM2 NP Service provider + + ATC all NEC NM1 ATC all Flow all ICs Calculation of TC for all interconnections 2 Create NEC 2 Results/Settlement Scheduling 2 NEC NM2 Results Prices all areas Flow all ICs

19 The GCC solution is scalable to support this evolution GCC Power Exchange TSOs PTR-A Physical Transmission Right Auctions Annual Monthly Weekly Daily FPM Forward Physical Contracts Annual, Monthly and Weekly - Auction trading - Forwards Week peak load Week off-peak Week weekend DAM Market equilibrium one day ahead - auction trade - IDM Physical contracts hours ahead - cont. trade - Balancing Single buyer National markets System Operation Real-Time Operation As per PETA Annual/Monthly baseload GCCIA Settlement and financial management Settlement of all physical contracts Settlement of wheeling and losses Market monitoring and reporting Balancing generation and consumption in realtime Services during the Real- Time-Operation: Frequency control frequency and voltage etc.

20 Role of Different Markets in Supply Weekly Forward Contracts Monthly Forward Contracts Bilateral Contracts Own Supply IDM Trading DAM Trading Weekly Forward Trading (OP) Weekly Forward Trading (TD) Weekly Forward Trading (PK) Monthly Forward Trading Bilateral Contracts Own Production Demand Forcast Total Supply

21 Aim of the operation of organized markets Competitive market, fair price setting Transparent and efficient flow of funds GCC Power Exchange Market oriented import and export of electricity Competitive environment to enable future national markets

22 Why is the market so important for GCCIA? Establish a reference price (that is currently non-existent) The current bilateral trading practice is very limited and may not even reach last years volumes A market with different product offerings will facilitate increased trading Establish a transparent trading place No required negotiations equal access for all Allow for easy short term optimization between the GCCIA member states This will increase the the trading possibilities not having to take a long term risk through bilateral contract trading Utilize the GCCIA network for the benefit of all Currently underutilized use Allow for easier future rd party access It will be easier to accomplish this with an market place Market rules needs to have the flexibility and framework to open for this

23 ELECTRICITY MARKET STRUCTURE Legal and Regulatory Framework GA PETA Market Rules Exchange Rules Detailed trading procedures per market

24 h t t p : / / w w w. n o r d p o o l s p o t. c o m / s e r v nordpoolgroup.com Hans-Arild Bredesen CEO, Nord Pool Consulting Hans-Arild.bredesen@nordpoolgroup.com

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