SoCalGas ENVOY Imbalance Trades User Guide
TABLE OF CONTENTS 1 Imbalance Trading... 3 1.1 Imbalance Trading Period... 4 1.2 Add Imbalance Trade... 4 1.3 View Pre-Arranged Trades... 11 1.4 Confirm Imbalance Trade... 14 1.5 Post Open Offers... 15 1.6 Monthly Imbalance Positions... 17 1.7 Trade Ad... 18 1.8 Imbalance Summary... 20 2
GETTING STARTED 1 Imbalance Trading A transportation customer develops an imbalance when the customer s deliveries differ from its actual usage. SoCalGas charges transportation fees based on a customer s actual usage, and requires the customer to deliver within 8% of that actual volume in order to avoid penalties. If the customer s imbalance is over or under their 8% (+ or ) tolerance band at the end of a billing period they can bring the imbalance into tolerance during the subsequent month s Imbalance Trading period. Customers within the tolerance band may trade any quantities so long as the 8% tolerance (+ or ) is met. All customers with an imbalance of any amount are eligible to participate in the Imbalance Trading program. Contracted Marketers are assigned an imbalance equal to the total of all their individual customers imbalances, and are also able to trade in order to comply with the imbalance rules. Any imbalances remaining at the end of the month are charged a penalty as prescribed in Schedule G-IMB. *Note: A storage customer may trade positive imbalance, i.e. over deliveries, into its storage account only if its storage inventory capacity is available during the month that the imbalance occurred and at the time the imbalance trade takes place. Similarly, a storage customer may trade negative imbalances, i.e., under deliveries, using its storage account only if there is sufficient gas in storage in the account during the month that the imbalance occurred and at the time the imbalance trade takes place. Imbalance Trades may be submitted via EBB (i.e.: Envoy) or via Fax using the Imbalance Trading Form, which must be received prior to the close of the trading period. 3
1.1 Imbalance Trading Period Imbalance Trades may be entered from the 25th through the end of the month in the following month in which the imbalance occurred. In February, they may be entered from the 23rd through the 28 th (or 29 th if it is a leap year). January 25-31 May 25-31 September 25-30 February 23-28 (or 29) June 25-30 October 25-31 March 25-31 July 25-31 November 25-30 April 25-30 August 25-31 December 25-31 1.2 Add Imbalance Trade A customer may add a trade through Pre-Arranged Trades or Monthly Imbalance Positions during trade period. 1. From the Navigation Menu, select Imbalance Trades and then Pre-Arranged Trades or Monthly Imbalance Positions. Additionally, you can select Pre-Arranged Trades or Monthly Imbalance Positions hyperlink, located in the Imbalance Trading widget within the Quick Links widgets. Click on the hyperlink and it will open the corresponding screen. 4
2. The Filter screen will appear. 3. After entering the necessary data, click Submit and the Pre-Arranged Trades (or Monthly Imbalance Positions if that is what you chose) Ledger will appear. 5
4. Click on the More icon in the Actions Menu Bar, then select Add Imbalance Trade. 5. Specify a Buyer or select either an Imbalance Position or Storage as Buyer from the list below and then select next. 6
6. Specify a Seller or select either an Imbalance Position or Storage as Seller from the list below and then select next. 7. Specify a Type (either Imbalance or Transaction Based (Storage)), and then enter the Quantity. Once complete click Submit. 7
8. If the submittal was successful a green message flag will appear. Either click the x or dismiss all to clear. *Note: If a storage program is designated, then the storage account must have the appropriate inventory rights or volume, depending whether it is an injection or withdrawal, on both the current date and the last day of the month that the imbalance occurred. Otherwise, the trade is rejected. The trade is also rejected if it results in the customer s imbalance account being from within to outside the tolerance band. 8
Example of a Transaction Based Imbalance Trade Example of a successful Transaction Based Imbalance Trade 9
Example of a successful Transaction Based Imbalance Trade once returned to the ledger 10
1.3 View Pre-Arranged Trades A customer may view all current prearranged trades between themselves and their counterparties. 1. From the Navigation Menu, select Imbalance Trades and then Pre-Arranged Trades Additionally, you can select the Pre-Arranged Trades hyperlink located in the Imbalance Trading widget within the Quick Links widgets. Click on the hyperlink and it will open the corresponding screen. 11
2. Current trades for the selected month will be displayed. To view details of a trade, select the trade, then the More button, followed by View Details. 3. The View Detail screen will then be displayed. 1. To change the ledger results, click on Filter. This will open the Filter screen. 12
2. Select the month, year, role, and or status, click the magnifying glass to specify a customer. 3. Specify the search, click go, select appropriate choice and click Submit. 13
1.4 Confirm Imbalance Trade To confirm an imbalance trade follow these steps: 1. Verify Imbalance Trade and be sure the Quantity is in Therms (i.e., 100 Dekatherms = 1000 Therms). Select trade by clicking the radio button 2. Next click on More, and select Confirm 3. Verify this by viewing the Status, which will have changed from Pending to Confirmed. 14
1.5 Post Open Offers A customer may view or post open offers for customers to view and respond. 1. From the Navigation Menu, select Imbalance Trades and then Open Offers 1. Current Open Offers for the trading period will be displayed. To Post an Offer, select the more button, followed by the Post Offer. 15
2. Select Buying or Selling, Select Imbalance Position or Storage as Requestor, and then click Next. 3. Enter Bid Rate, Type Quantity in Therms, Select Submit. 16
1.6 Monthly Imbalance Positions A customer s current Imbalance and Storage Position (if applicable) will be displayed on the 25th of each month. 1. From the Navigation Menu, select Imbalance Trades and then Monthly Imbalance Positions Additionally, you can select the Monthly Imbalance Positions hyperlink located in the Imbalance Trading widget within the Quick Links widgets. Click on the hyperlink and it will open the corresponding screen. 2. Current Imbalance, Tolerance, Out of Tolerance Qty and Trades Pending will display. 17
1.7 Trade Ad Customers may post a Trade Ad for other customers viewing. 1. From the Navigation Menu, select Imbalance Trades and then Trade Ad Additionally, you can select the Trade Ad hyperlink located in the Imbalance Trading widget within the Quick Links widgets. Click on the hyperlink and it will open the corresponding screen. 18
1. Current Trade Ads for the trading period will be displayed. To compose a new Trade Ad, select the more button, followed by Compose. 2. Add the following: a. Trade Type (Storage, Monthly Imbalance, or Capacity) b. Add Telephone Number c. Role Type (Buy or Sell) d. Add Quantity e. Add Email f. Add Advertisement Details g. Add Comments h. Click Submit v v 19
1.8 Imbalance Summary A customer can view current and past months Imbalance Summaries. 1. From the Navigation Menu, select Imbalance Trades and then Imbalance Summary Additionally, you can select the Imbalance Summary hyperlink located in the Imbalance Trading widget within the Quick Links widgets. Click on the hyperlink and it will open the corresponding screen. 2. The Imbalance Summary filter screen will display. Select Month, Select Year, Click Submit. 20
3. Once the appropriate data has been entered, the Imbalance Summary Ledger will appear. Note: The Imbalance Summary will indicate if the trading period is open or closed. 21