capacity trade and transfer mechanism and the next amsec auction bob hull director, transmission 9...
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Capacity trade and transfer mechanism and the next AMSEC
auction
Bob HullDirector, Transmission
9 May 2007
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Introduction
• December 2006 -TPCR package accepted by NGG in principle
• February AMSEC auctions delayed to May
• NGG advise Ofgem on 4th May on concerns on introducing the capacity trade and transfer mechanisms
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NGG concerns
• There has been insufficient time for all shippers to fully understand the new regime in advance of them participating in the AMSEC auction on 11 May
• NGG suggestion that new obligations to transfer and trade capacity would take effect from next year’s AMSEC auction
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Ofgem response• Ofgem does not propose to relieve NGG from its capacity trade
and transfer obligations
• The capacity trade and transfer obligations form an integral part of the overall TPCR package which was in principle accepted by NGG in December 2006
• In our view it is very important that potential bidders in Friday’s auction have access to all relevant information
• We therefore encourage NGG to hold a meeting with shippers in order to brief shippers on this issue and to make shippers aware of NGG’s concerns before Friday’s AMSEC auctions
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Both letters have been published
• And can be found on the Ofgem website
• In the ‘Networks’ section, under ‘Transmission’, under ‘Gas transmission policy’ and then scroll down to find the NGG letter which has Ofgem’s response attached
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