gts workshop - · pdf fileabout prisma role definitions ... controlling, billing). it is ......

GTS Workshop Groningen, 9 October 2013

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About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process

− Ascending Clock Auction Process

− Uniform Auction Process (Day-Ahead)

− Booking Process for Bundled Products

− FCFS Booking Process

My PRISMA primary

The new secondary functionality

Agenda

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PRISMA. From idea to launch in less than a year.

March 2012: ENTSOG presents the future market rules (NC CAM) to ACER

April 2012: Signing of a Memorandum of Understanding

− to create a joint platform…

− which fulfils the future European requirements of the NC CAM already two years ahead of its time

1 January 2013: 19 TSOs from Austria, Belgium, Denmark, France, Germany, Italy and the Netherlands founded the PRISMA company

1 April 2013: Start of the first national & cross-border auctions on PRISMA

Current Shareholders

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PRISMA has implemented almost all of the NC CAM requirements. Two years ahead of time. Capacity products

− Yearly, quarterly, monthly, day-ahead products − Bundled products between hubs − Unbundled products − Firm & Interruptible

All products available on one platform:

PRISMA European Capacity Platform

Allocation – Auction mechanisms as described in the NC CAM

• Uniform price auction: day-ahead products • Ascending clock algorithm: monthly, quarterly and yearly products

The platform can also handle regional specificities, ensuring that European TSOs

comply with their national regulation until NC CAM comes into force.

Integrated platform for primary and secondary capacity will be available January 2014

www.prisma-capacity.eu

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Beyond the future European requirements, PRISMA also provides additional services to TSOs and Shippers…

Centralised shipper and user registration on the platform First-come-first-served booking at domestic points

Surrender of capacity

Conversion of interruptible into firm capacity

Multiple kinds of firm capacity, multiple interruptible levels

Competing capacity

1:n bundling

Credit limit check

Booking assignment to balancing groups and portfolios

Automated interface to deal capturing systems of shippers

Comfort functions for automated bidding

With a high number of state-of-the-art functionalities, the PRISMA platform provides an advanced and cost-efficient way to fulfil the EU requirements.

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Basic principles of PRISMA Marketing structure

TSO 1 TSO 2

Capacity Platform

Booking TSO 1

Auction TSO 3

Registration TSO 1, TSO 4

Auction TSO 1

Booking TSO 4

Shipper A Shipper B

The platform offers two different market models (auctions and first-come-first-served bookings). Additionally, standardized registration, network and contract information services are available.

… TSO N

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Basic principles of PRISMA Overview of the functionalities of PRISMA primary

PRISMA Platform

Execution of auctions

Shipper registration

Booking Overview of inter-

connection points

Overview of auctions

Display of free

capacities

Processing of auction

results

Auctions FCFS Bookings

Booking request to

TSO

Display of contract positions

Capacity Bundling, Upgrade, Surrender

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About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

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Role Definitions Platform Roles

Platform Operator

TSO Shipper Everyone

Platform Admin

TSO Admin

TSO User

User Guest

(unregistered)

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Role Definitions Platform Roles

Guest (unregistered)

Everyone – No registration and login is required. Guests can look at all the published data as well as at all publicly available information.

Shipper User

Shipper role with the right to trade capacities with the TSOs. A shipper can have multiple users.

TSO User

Role for performing non-configurative tasks for the TSOs like activating/deactivating transport customers.

TSO Admin

Admin role for the configuration of TSO specific values and the management of documents.

Platform Admin

Super user of the platform used for support and operations. This user can not trade.

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About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

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Registration The Registration Process

A single user of a shipper can only acquire transport capacities on the platform and on behalf of their company once they have been activated by the respective TSO.

Users of a shipper who would like to join the platform have to pass the registration process.

If a shipper company is not yet registered, the registration of the shipper takes place with the registration of its first user. A separate registration of the shipper company is not possible.

If no longer needed, the shippers as well as their users can be deactivated

In order to register to the platform shippers need an EIC Code After a registration the user receives a personal account and token.

The account must not be shared with other company members and the token is not transferrable to other users!

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Registration Process model

Shipper

PRISMA

Registration request (online)

Entering Identification

Code

Manual Evaluation

of EIC/other codes

Does the company already exist on

PRISMA?

Entering extended

master data (for a new company)

Adding master data (user-based)

Accepting PRISMA primary GTCs*

Selecting TSOs

Forwarding customer

master data to TSO

Adding shipper data in system

no

TSO Checking mandate /

credit rating

Activation

Activating shipper user for TSO on

PRISMA primary

Providing TSO specific documents (mandate/

credit rating)

Filling out and sending TSO specific documents

Accepting GTCs of TSO (link to TSO homepage)

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Shipper

PRISMA primary

Registration request (online)

Entering Identification

Code

Manual Evaluation

of EIC/other codes

Does the company already exist on

PRISMA?

Entering extended

master data (for a new company)

Adding master data (user-based)

no

…

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Accepting PRISMA primary GTCs*

Selecting TSOs

Forwarding customer

master data to TSO

Adding shipper data

in system

Providing TSO specific

documents (mandate/

credit rating)

Accepting GTCs of TSO (link to TSO homepage)

Shipper

PRISMA

TSO

… …

* General Terms and Conditions

Direct initial registration of a shipper

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Shipper

PRISMA

TSO Checking mandate /

credit rating Activation

Activating shipper user for TSO on PRISMA

primary

Filling out and sending TSO

specific documents

…

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Registration User interface

In case a shipper is not yet registered at PRISMA, the registration of the shipper takes place with the registration of the first shipper user.

A separate registration of the shipper company is not possible.

Enter EIC Code

1

2

Information to apply for an EIC Code

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Enter company data 1


Step 1: Check and complete the company data

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Step 2: Check and complete the contacts

Add more contacts for the shipper company (e.g. controlling, billing). It is mandatory to add at least one contact per category.

Enter the details of further contact persons

1

2

3

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Step 3: Enter the user details

Enter user details

1

2

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Step 4: Select one or more TSOs

For a successful registration the GTCs of the selected TSOs need to be accepted

Alternative 1: Select all TSOs

Alternative 2: Select individual TSOs

SNAM Rete Gas S.p.A.

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Step 5: Check your entered data and enter national identifiers

Enter national identifier codes, e.g. DVGW code (depends on the TSOs you selected).

2

Checking the entered information

1

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After the registration you will receive a registration confirmation by PRISMA You will be informed about more required documents for the TSOs

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Registration Finalise registration & following steps

The shipper user sends all required documents to the TSO (set by each TSO: e.g. mandate/ solvency check).

1

2

3

Checking mandate /

credit rating

Filling out and sending TSO specific documents

Activation

Activating shipper user for TSO on PRISMA primary

… 1

2

3

The TSO checks the documents and activates the shipper user.

With activation by the first TSO the shipper will be sent a token (electronic PIN generator) with which the user can log onto PRISMA primary.

The shipper user is now able to trade on the primary capacity platform.

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Registration Requirements for shippers

A shippers’ user can only acquire transport capacities on behalf of the company on PRISMA primary once being activated through the TSO

users who would like to join the platform have to pass the registration process If a shipper company is not yet registered, the registration of the shipper takes place

with the registration of its first user If no longer needed, the shipper and its users can be deactivated

Picture of the TSO’s approval status screen

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About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

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Capacity Products General

All products are auctioned at predefined (different) points in time that can be found in the auction calendar.

The publication of the specific products which will be auctioned takes place in due time before the auction starts (1 month for annual products, 1 week for quarterly and monthly products, no advance publication for day-ahead products).

There are two different algorithms for auctions: the ascending clock auction algorithm for yearly, quarterly, and month-ahead products and the uniform-price algorithm for day-ahead products.

The ascending clock auction takes place in at least one bidding round (is the demand in the first bidding round higher than the capacity offered more bidding rounds will be used).

Day-ahead capacity is auctioned in a single bidding round via the uniform price algorithm

Interruptible capacity auctions are optional until NC CAM comes into force and are until then subject to national variations

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Capacity Products Auction types

Monthly, Quarterly and Yearly products are auctioned by using an ascending-clock auctioning process

Auctioning takes place in (multiple) bidding rounds: The number of bidding rounds in an ascending clock auction that are needed until an allocation is possible depends on the course of the auction.

In each bidding round a bid for a certain quantity of capacity at a given price is submitted.

The duration of an ascending clock bidding round is one hour (exception: duration of the first bidding round is three hours)

The price steps are determined by the platform.

Day-Ahead products are auctioned in a process using the uniform-price algorithm

There is only one bidding round. A shipper can submit up to 10 bids per auction. The platform evaluates all bids in a descending order according to their price. The lowest price of all awarded bids is considered the clearing price.

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Capacity Products Capacity publication & auction calendar overview

Mar Apr May June July Aug Sept Oct t Feb

1 month before the auction starts

Publication amount of capacity



1st Monday of March

1 week before the auction starts

1st Monday of June

1 week before the auction starts

3rd Monday of each month

Annual yearly FIRM Y1 – Y15


After closure of respective firm product

Annual yearly INTERR Y1 – Y15

Annual quarterly INTERR Q1 – Q4

Annual quarterly FIRM Q1 – Q4



Rolling M FIRM M1

Rolling M INTERR M1



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Capacity Products Auction Times Overview

Product Frequency of auctions

Number of products per

auction

Start of the auction

Bidding round Publication amount of capacity

Publication of allocation results to

individuals

Auction algorithm

Auction Calendar for firm capacity products

Year annual

Y1 to Y15 1st Monday of March First round 3h:

09:00-12:00 Then 1h:

13:00-14:00 15:00-16:00 17:00-18:00

1 month before the auction

starts* no later than next business

day *

Ascending Clock auction Quarter Q1 to Q4 1st Monday

of June 1 week before the auction

starts * Month monthly M1 3rd Monday

Day daily D1 16:30 16:30-17:00 * 16:30 no later than 30 minutes *

Uniform Price auction

Auction Calendar for interruptible capacity products

Y,Q,M see above see above

The day after closure of

respective firm product 09:00.

see above

The day after closure of

respective firm product (7:00)

no later than next business

day *

Ascending Clock auction

Day daily D1 17:30 17:30-18:00 At the time the auction

starts

no later than 30 minutes *

Uniform Price auction

*09:00 *after closing of the bidding round

Time zone for all times: CE(S)T – Central European (Summer) Time

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Capacity Products Auction Calendar for Yearly Products

Mar Apr May t Feb


Annual yearly FIRM Y1 – Y15


Annual yearly INTERR Y1 – Y15

Jan

Parameter Calendar entry Valid for:

Publication FIRM: 1 month before auction starts until 09:00 CE(S)T INTERRUPTIBLE: The day after closure of respective firm product (7:00 CE(S)T).

All yearly auctions

Start of auction FIRM: Recurring yearly the first Monday of March at 09:00 CE(S)T. INTERRUPTIBLE: The day after closure of respective firm product 09:00 CE(S)T

Y1 until Y15

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Capacity Products Auction Calendar for Quarterly Products

Apr May June July Aug Sept t


Annual quarterly INTERR Q1 – Q4

Annual quarterly FIRM Q1 – Q4



Publication FIRM: 1 week before auction starts until 09:00 CE(S)T INTERRUPTIBLE: The day after closure of respective firm product (7:00 CE(S)T).

All quarterly auctions

Start of auction FIRM: Recurring yearly the first Monday of June at 09:00 CE(S)T. INTERRUPTIBLE: The day after closure of respective firm product (9:00 CE(S)T).

Q1 until Q4

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Capacity Products Auction Calendar for Month-Ahead Products

Apr May … t …


Rolling M FIRM M1

Rolling M INTERR M1



Rolling M FIRM M1

Rolling M INTERR M1



Publication FIRM: 1 week before auction start until 09:00 CE(S)T INTERRUPTIBLE: The day after closure of respective firm product (7:00 CE(S)T).

All monthly auctions

Start of auction FIRM: Recurring monthly, algorithm: 3rd Monday of each month at 09:00 CE(S)T. INTERRUPTIBLE: The day after closure of respective firm product (9:00 CE(S)T).

M +1

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Capacity Products Auction Calendar for Day-Ahead Products

Marketing of day-ahead D+1 (e.g. Tue for Wed)

constantly

D for D+1

t

Mar Feb Apr May


Publication FIRM: On the day of the auction until 16:30 CE(S)T INTERRUPTIBLE: On the day of the auction until 17:30 CE(S)T

D+1

Start of auction FIRM: Recurring daily 16:30 CE(S)T INTERRUPTIBLE: If offered, daily 17:30 CE(S)T

D+1

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Capacity Products Bidding rounds

Day 1: 09:00 – 12:00 1st bidding round 12:00 – 13:00 processing & publishing 13:00 – 14:00 2nd bidding round 14:00 – 15:00 processing & publishing […] 17:00 – 18:00 4th bidding round As of day 2: 09:00 – 10:00 5th bidding round 10:00 – 11.00 processing & publishing […] 17:00 – 18:00 x bidding round

Yearly, quarterly and monthly products

Day-Ahead products

Single-step approach (uniform price auction algorithm)

Start 16:30 Bid-list allowing max. 10 additive

bids „Fill-or-kill“ option subject to

minimum amount condition Pro-rata allocation in case of

equally-ranked bids Price increment € 0,00001 Same price for all successful

bidders

14/01/2014 | Chart 36

Capacity Products Auction calendar

The auction calendar can be found in the customer centre The auction calendar gives an overview of the auction starts and the auction

publication dates as well as the transport duration of the products

The overview of the different dates can be filtered by products

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Capacity Products Marketing order

If there are different capacity types available at an interconnection points for a certain transport period. They will be auctioned one after another

The marketing order is: 1. firm capacity 2. interruptible capacity* in some countries (Austria, Germany) the firm capacity may be divided into different

firm capacity types which may be marketed in a specific order** For further information about the marketing order of the capacity types in the affected

countries the respective TSOs can be contacted

* For German TSOs interruptible capacities is stilloffered via FCFS ** In responsibility of the TSOs

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About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 39

Booking Process Options for booking capacity

Two possibilities to book capacities on the PRISMA platform: At Interconnection Points (Market area interconnection points and Cross-Border

points) firm capacity is marketed via auctions. Interruptible capacity will, until NC CAM comes into force, only be offered by

some TSOs via auctions. The German TSOs still offer to book capacities according to the “first-come-first-

served“ principle (FCFS) at points to end consumers, production and storage facilities (Grid Access Points). Furthermore, you can book interruptible capacities according to the FCFS principle at German Interconnection Points.

Different possibilities to start one of the booking processes:

Auction overview : From a list of all available auctions you can directly access the screen for submitting a bid for a certain auction (booking process I)

Booking request: Direct entry to a FCFS booking if you already know at which TSO you want to book the capacity (booking process II)

Master data browser for interconnection points: see next slide

14/01/2014 | Chart 40

Booking Process

The master data browser can be found in the section „Network Information“

Search for network points according to certain criteria

Displays the different possible actions that are available at a specific network point

Master data browser for interconnection points

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Booking Process Master data browser for interconnection points

The master data browser contains all the Network Points with detailed information provided by the TSO. These are for example: − TSO that markets the interconnection point including their GTCs − Name of the interconnection point − Price components: regulated tariff, price for measuring stations etc. − Gas type (H-gas, L-gas) − Market area − Entry or exit

Depending on the type of the network point it is shown if there are any auctions available. Both auctions or an alternative FCFS bookings (Grid Access Points) can be started from here.

14/01/2014 | Chart 42

Booking Process Master data browser for interconnection points

When you select an interconnection point all details of this point are displayed. In case of a bundled interconnection point a link will guide you to the two involved

unbundled interconnection points.

14/01/2014 | Chart 43

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 44

Ascending Clock Auction Process Auction Overview

In the auction overview all closed auctions that have been executed on the PRISMA platform and all future auctions that have already been published are listed.

The overview can be changed using different viewing options e.g. sorting or filtering.

A legend that describes the used icons can be found at the bottom of the page.

14/01/2014 | Chart 45

Ascending Clock Auction Process Auction Overview

In the auction overview all closed auctions that have been executed on PRISMA primary and all future auctions that have already been published are listed.

Choice of different filters

Choice of further filters in order to limit the amount of displayed auctions.

14/01/2014 | Chart 46

Ascending Clock Auction Process Auction Details

The action “View Auction” shows you all details and relevant data for the selected auction.

You can open the screen to submit a bid from this detailed view or from the auction overview.

Back to auction overview

Submitting a new bid

Information about the current status of the auction

Overview of tariff components

14/01/2014 | Chart 47

Ascending Clock Auction Process Auction Details

Please note: The unit for the different price components for an auction product may vary from TSO to TSO!

Please note: The unit for the regulated tariff can be per product runtime, per day, or per year.

Please note: The unit for the other price components can be per product runtime, per day, per year or non-performance related (e.g. per invoice)!

14/01/2014 | Chart 48

Ascending Clock Auction Process Process map

Shi

pper

Evaluate available capacity

Design standard products

Transfer to platform

Start auction

Pla

tform

TS

O

Submit a bid

Evaluate bidding round

Open next bidding round

Send result to TSO and

Shipper

Publish result

Book capacity and setup contract

Receive confirmation

x

14/01/2014 | Chart 49

Ascending Clock Auction Process Ascending clock bidding process

In auctions a bid is placed for a certain quantity of capacity at a given price (not the other way around!).

The price steps are determined by the platform. All auctions start at the regulated tariff

In case that the demand = the available capacity the auction is closed

B4 reduces his bid in the 3. bidding round

B5 and B6 don`t quote a bid in the 3. bidding round

Demand = available capacity Auction closes at clearing price P2

P2

Price

Price

14/01/2014 | Chart 50


In case that the demand < available capacity from the 1. bidding round onwards: Undersell

In case of an undersell: additional bidding rounds are opened with small price steps

B4 reduces his bid in the 3rd bidding round

B5 and B6 don`t quote a bid in the 3. bidding round

Demand < available capacity Undersell

Reset to P1 + surcharge of small price step P3

All B are allowed to bid again (also B4 to B6)

All B leave the quantities of their bids unchanged

Demand > available capacity

3.

4.

14/01/2014 | Chart 51


Additional bidding rounds with small price steps

Demand < available capacity at small price steps = Allocation

Surcharge small price step P4 All B keep the quantity of their

bids unchanged Demand > available capacity

Surcharge small price step P5 B1, B2, B3 keep the quantity

of their bids unchanged B4 reduces the quantity of the

bid B6 doesn’t bid anymore Undersell End of auction at the clearing

price P5

3.

4.

5.

6.

3.

4.

5. Small price step P3

Small price step P4

Small price step P3

Small price step P4

Small price step P5 = clearing price

Large price step P2

Large price step P2

P1

P1

14/01/2014 | Chart 52

Ascending Clock Auction Process Price steps

The auction surcharge is shown from the 1st bidding round onwards and is an additional charge to the regulated tariff.

Depending on the auctioning situation the surcharge can occur in two different types: large and small price steps.

A small price step is always 1/5 of the large price step. The price steps may vary depending on product and country*. Example for price steps:

The auction surcharge will always be shown in cent per kWh/h per product run time

Capacity product Large price steps € ct/kWh/h/runtime

Small price steps € ct/kWh/h/runtime

Yearly product 10 2

Quarterly product 2,5 0,5

Monthly product 1 0,2

* price steps are defined by the national regulators; overview of price steps will be published on PRISMA primary

14/01/2014 | Chart 53

Ascending Clock Auction Process Submitting a bid – the 1st bidding round

In order to submit a bid you can open a screen from the auction overview as well as from the auction details screen.

To participate in an auction you have to place a bid in the first bidding round. Participating at a later bidding round is not possible.

Submit the bid

Enter the bid for a capacity quantity at the regulated tariff; the sum of all bids of one TC must not exceed the available capacity

Accept the GTCs of the TSO

Enter a balancing group or a Portfolio Code (depending on the TSO this may be optional or mandatory)

14/01/2014 | Chart 54

Ascending Clock Auction Process Editing or cancelling your bids

Every bid that was placed on PRISMA primary can be edited or withdrawn as long as the bidding round is still open

This can be done in the “auction details” of the respective auction

Possibility to edit or withdraw a bid

14/01/2014 | Chart 55

Ascending Clock Auction Process End of the 1st bidding round

Details of 1st bidding round If the evaluation of the bidding round shows that the capacity demand is smaller than

or equals the available capacity the auction ends at the regulated tariff and the bids are allocated. − You will get the information about the allocation by email. − The result of the auction (the sum of all allocations) is published on PRISMA in

the auction details.

If the capacity demand is higher than the available capacity (“oversell”), the 2nd bidding round will be opened (see next slide).

14/01/2014 | Chart 56

Ascending Clock Auction Process Further bidding round(s) in case of an oversell

If an ‘oversell’ occurs, the next bidding round will be opened. The surcharge that is added to the regulated tariff equals a large price step. The sum of the bids of the prior bidding round will be displayed. At the bottom of the page all bids of any user of the shipper from the previous or the current

bidding round are displayed

Information about the current bidding round and the oversell situation

Shows the sum of the demanded capacity from the previous bidding round

Shows bids placed by all of a shipper’s users including the bidding time and quantity

14/01/2014 | Chart 57

Ascending Clock Auction Process Submitting a bid from the 2nd bidding round – Large price steps

From the 2nd bidding round onwards the capacity quantity of the previous bid can be viewed while placing the next bid.

You may decrease your quantity bid in later rounds but cannot increase your quantity bid at a later stage.

As a default value for the new bid the quantity of the previous bid is displayed.

14/01/2014 | Chart 58

If the demanded capacity is smaller than the available capacity an “undersell” appears.

In such a case a new bidding round with a small price step is opened and a small price step is added to the surcharge of the previous bidding round (the last big price step).

In the bidding round with the small price step the quantity bid of the shipper can only range between the amount placed in the last two big price steps.

Ascending Clock Auction Process Submitting a bid in further rounds in case of a small price step

4,000

14/01/2014 | Chart 59

Ascending Clock Auction Process Auction close

Information about closed auctions are available in the auction overview.

Product details are displayed

Auction results are displayed

14/01/2014 | Chart 60

Ascending Clock Auction Process Competing products

In some situations capacity products may be competing against each other In case of such a competition you will be informed about it in various places

Displays the auction details of the competing capacity product

Information text about the competing situation

Displays the competing capacity quantity by clicking ‘in competition with another capacity’

14/01/2014 | Chart 61

Ascending Clock Auction Process Competing products

Competing products In an auction with competing products you can also see the bids placed by other

users of your company for the competing product (on the right side of this page).

Additional information to the bids of all users of your company

14/01/2014 | Chart 62

Ascending Clock Auction Process Process Competing products

TSO A TSO B

100 90

90 Bundle

TSO C 40 80 Bundle AC

AB

OR

TSO A TSO B

200 90

TSO C 40

90 Bundle

Unbundle 40 Bundle AC

AB

Available capacity A > Sum of B and C available capacity → Several bundle products are created, among them one is unbundled

→ Uniform price auction

Available capacity A < Sum of B and C available capacity → Several bundle products are created

→The sum of allocated capacity can’t exceed the available capacity of TSO A → Uniform price auction in parallel

14/01/2014 | Chart 63

Ascending-Clock Auction Process Process Competing Auctions

70

Round AB demand AC demand AC + AB demands

1 70 150 220

Allocation AB Allocation AC

0 0

Bundle AB Bundle AC

Available capacity on A

40 90

100

150

220

AB demand + AC demand > Available capacity A 1 Large Price Step

Pric

e

Pric

e

Pric

e

14/01/2014 | Chart 64


50


1 70 150 220

2 50 80 130


0 0

0 0

40 90

100

80

130

AB demand + AC demand > Available capacity A 1 Large Price Step

Bundle AB Bundle AC


Pric

e

Pric

e

Pric

e

14/01/2014 | Chart 65


45


1 70 150 220

2 50 90 140

3 45 50 95


0 0

0 0

0 0

40 90

100

50

95

At least one of the products has a demand lower than the available

capacity Bundle AB : 1 Large Price Step

(LPS) Bundle AC : 1 Large Price Step +

1 Small Price Step (SPS)

Bundle AB Bundle AC


Pric

e

Pric

e

Pric

e

14/01/2014 | Chart 66


38


0 0

0 0

0 0

0 0

Bundle AB

40 90

100

65

60

Round 5 = 2 LPS + 1 SPS

Two auctions become independant

Avalable capacity for AC product is equal to

60

Round AB demand

1 70

2 50

3 45

4 38

AC demand

150

90

50

65 1st LPS (*) 1st SPS (**) 3rd LPS (*)

Bundle AC

Round 5 = 1 LPS + 2 SPS

(*) LPS : Large Price Step (**) SPS : Small Price Step

Pric

e

Pric

e

14/01/2014 | Chart 67



0 0

0 0

0 0

0 0

35 55

Round AB demand

1 70

2 50

3 45

4 38

5 39

AC demand

150

90

50

65

55 2nd LPS (*) 1st SPS (**)

1st LPS (*) 2nd SPS (**)

39

40

100

55

60

Allocation

Bundle AC Bundle AB

Allocation

(*) LPS : Large Price Step (**) SPS : Small Price Step

Pric

e

Pric

e

14/01/2014 | Chart 68

Ascending Clock Auction Process Capacity upgrade*

When placing a bid you can request an upgrade of your already booked interruptible capacity to firm capacity.

The request can be changed or cancelled in every further bidding round. The TSO will inform you directly after the close of the auction about the upgrade

completion. Tick the check box to

upgrade your already booked capacity

Enter the data that the TSO needs for the upgrade

If the capacity was not acquired over PRISMA primary you need to state this here

If you acquired the capacity you want to upgrade on PRISMA primary, please insert the Deal-ID of that transaction

*not supported by all TSOs

14/01/2014 | Chart 69

By using the so-called comfort function you have the possibility to submit a bid for an auction in advance

The comfort function can be started from the auction details screen or from “Comfort bids” in the “My PRISMA primary” section

The automated bid can only be placed by a user after an auction has been published on the platform.

Bid consists of multiple rows of price demand pairs according to the small price step.

Ascending Clock Auction Process

Comfort function – automated bidding

Creating a new comfort bid after publication of the auction

14/01/2014 | Chart 70

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 71

Uniform Auction Process (Day-Ahead) Process map

Evaluate available capacity

Design standard products

Transfer to platform

Start auction

Pla

tform

TS

O

Submit a bid

Evaluate bidding round

Send result to TSO and

Shipper

Publish result

Book capacity and setup contract

Receive confirmation

Shi

pper

14/01/2014 | Chart 72

Uniform Auction Process (Day-Ahead) Day-ahead bidding process

A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3

Bidder A Bidder B Available capacity

Available capacity

Price component of

a bid

Volume component of

a bid

14/01/2014 | Chart 73

Uniform Auction Process (Day-Ahead) Day-Ahead bidding process

A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3


Available capacity

Minimum amounts

Price component of

a bid

Volume component of

a bid

14/01/2014 | Chart 74


A2

Placing bids

A1

amount

surcharge

amount

B1

B2

surcharge

B3


Available capacity

A1

amount

Available capacity

B1

B2 A2

surcharge

B3

Ranking according to price components

14/01/2014 | Chart 75


Determination of the Clearing Price

A1

Available capacity

B1

B2 A2

surcharge

B3

Example 1: Fill-or-kill: „ fill“

14/01/2014 | Chart 76



A1

amount

Available capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

Available capacity

X B2 = equilibrium bid Minimum amount < rest B2 filled

B3: price component < clearing price No consideration of B3


14/01/2014 | Chart 77



A1

amount

Available capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

Available capacity

X B2 = equilibrium bid Minimum amount < rest B2 filled

B3: price component < clearing price No consideration of B3


Clearing price = price component of B2

14/01/2014 | Chart 78



A1

amount

Available capacity

B1

B2 A2

surcharge

B3

Example 2: Fill-or-kill: „ kill“

14/01/2014 | Chart 79



A1

amount

Available capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

B3 = equilibrium bid Full allocation

B2: Minimum amount > rest B2 killed


X

Available capacity

14/01/2014 | Chart 80



A1

amount

Available capacity

B1

B2 A2

surcharge

B3

A1

amount

B1

B2 A2

surcharge

B3

B3 = equilibrium bid Full allocation

B2: Minimum amount > rest B2 killed


X

Clearing price = price component of B3

Available capacity

14/01/2014 | Chart 81



A1

amount

Available capacity

B1

B2

A2

surcharge

A3

Example 3: Pro-rata allocation between equally ranked bids

14/01/2014 | Chart 82



A1

amount

Available capacity

B1

B2

A2

surcharge

A3

A1

amount

B1

B2 A2

surcharge

A3

Pro-rata allocation between B2 and A3 as long as minimum amount condition is fulfilled for both bids


Available capacity

14/01/2014 | Chart 83



A1

amount

Available capacity

B1

B2

A2

surcharge

A3

A1

amount

B1

B2 A2

surcharge

A3

Pro-rata allocation between B2 and A3 as long as minimum amount condition is fulfilled for both bids


Clearing price = price component of B2 or A3 respectively

Available capacity

14/01/2014 | Chart 84

Clearing price in case of no intersection between demand curve and available capacity In general, the market clearing price equals the price component of the lowest

successful bid

In case no intersection between demand curve and supply curve (available capacity) exists, the starting price of the respective auction (e.g. regulated tariff) will be considered as the clearing price

Uniform Auction Process (Day-Ahead) Determining the Clearing Price

A1

amount

B1

tariff / surcharge Available capacity

Clearing price = starting price

14/01/2014 | Chart 85

For day-ahead auctions a simplified auctioning method is used. This means that there is only one bidding round in which you enter the desired capacity

that you are prepared to buy up to a certain price. It is possible to place up to 10 bids per shipper for a day-ahead auction.

Uniform Auction Process (Day-Ahead) Details of a Day-Ahead auction

Enter your maximum capacity amount

Enter your minimum capacity amount

Enter your bid

14/01/2014 | Chart 86

Uniform Auction Process (Day-Ahead) Competing Day-Ahead Auctions

TSO A TSO B

100 90

90 Bundle

TSO C 40 40 Bundle AC

AB

OR

TSO A TSO B

200 90

TSO C 40

90 Bundle

Unbundle 40 Bundle AC

AB

Available capacity A > Sum of B and C available capacity → Several bundle products are created, among them one is unbundled

→ Uniform price auction

Available capacity A < Sum of B and C available capacity → Several bundle products are created

→The sum of allocated capacity can’t exceed the available capacity of TSO A → Uniform price auction in parallel

14/01/2014 | Chart 87


50 40

Bundle product AC Bundle product AB

40

90

80 1

Bundle product AC = 40 Bundle product AB= 90 Available capacity A = 100

Pric

e

Pric

e

1

2

Shipper 1

Shipper 2

14/01/2014 | Chart 88


10 40

40

90

80 1

Pric

e

Pric

e

1

2

1st Step: Intermediate evaluation

All bids pass the intermediate evaluation for product AC Only 1 bid passes the intermediate evaluation on product AB, the second

one is prorated in order to meet the available capacity

40 X

Bundle product AC Bundle product AB

Shipper 1

Shipper 2

14/01/2014 | Chart 89


2nd Step: Final Allocation

Pric

e

80

40

10

100

Pric

e

80

16

4

100

Bundle product AC & AB Bundle product AC & AB

All bids placed on bundle product AB and AC, coming from the 1st step, are evaluated

CAM network code allocation rules are applied

Shipper 1

Shipper 2

14/01/2014 | Chart 90

Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions

By using the so-called day-ahead comfort function you have the possibility to submit bids for day-ahead auctions in advance.

The comfort function can be started from the auction details screen or from “Comfort bids” in the “My PRISMA primary” section

Creating a new comfort bid in advance

14/01/2014 | Chart 91

Uniform Auction Process (Day-Ahead) Comfort Function for Day-Ahead auctions

When using the comfort function for day-ahead auctions you have to select a time period during which you want to automatically use your defined bid for certain day-ahead products.

Entering a time period in which a bid is placed automatically for a day-ahead product

14/01/2014 | Chart 92

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 93

Booking Process for Bundled Products Bundled capacity process

[ ]

PRIS

MA

TSO

1

Ship

per

* Bilateral coordination

between TSOs

Upload raw data or

standard product

Create & match bundled and unbundled products

Assign products to auction

rounds Start auction

Send result to shipper and

TSO

* Bilateral coordination

between TSOs

Upload raw data or

standard product

Receive auction result

Book capacity

Book capacity

Setup contract

Setup contract

Receive contract from

TSO 1

Receive contract from

TSO 2

TSO

2

14/01/2014 | Chart 94

Booking Process for Bundled Products Bundled capacity: tariffing

The payable price after auction consists of:

Regulated capacity tariff TSO 1

+ Additional fees TSO1

+ Regulated capacity tariff TSO2

+ Additional fees TSO2

= Starting price

+ Auction premium

(Surcharge through price steps)

= Payable price for shipper

division factor between TSO1 & TSO2

(default 50% / 50%)

information from TSOs

14/01/2014 | Chart 95

Booking Process for Bundled Products Auction Details

The bundling of capacities takes place at all possible interconnection points In case of a bundled auction you will be informed about it in various places The way a bundled product is displayed is different that of an unbundled product

2 interconnection points, market areas, TSOs, capacity types, prices etc. are shown

14/01/2014 | Chart 96

Booking Process for Bundled Products Submitting a bid

When submitting a bid for a bundled product you have to accept the GTCs for each TSO and enter (optionally) a balancing group / portfolio code for each TSO.

Enter a balancing group/ portfolio code for TSO 1 (depending on the TSO optional or mandatory)

Enter a balancing group/ portfolio code for TSO 2 (depending on the TSO optional or mandatory)

Accept the GTCs of TSO1 & TSO 2

14/01/2014 | Chart 97

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 98

FCFS Booking Process Definition

The FCFS Booking Process Besides the possibility to acquire capacities via auctions shippers also have the

possibility to book certain capacities on a first-come-first-served basis In FCFS bookings the platform acts as an intermediary between shipper and TSO

with regard to all booking information (e.g. request, confirmation of availability).

First-come-first-served means that Capacity is sold at the regulated tariff. The user requests a certain amount and the TSO checks whether the requested

amount is available. If the requested capacity is not available, the TSO may send alternatives, that are

then presented on the platform.

14/01/2014 | Chart 99

FCFS Booking Process Process overview

The process for booking transport capacities following the “first-come-first-served” principle is divided into five steps.

In this booking process PRISMA acts as an intermediary between the shipper and the TSO for all information concerning the booking (e.g. request, confirmation of availability).

14/01/2014 | Chart 100

FCFS Booking Process Process overview

Shi

pper

P

RIS

MA

Choose alternative and book it bindingly

Forwar-ding the

request to the TSO

Entering data of the requested capacity

Displaying the

alterna-tives of the

TSO

Capacity available? TS

O

Forward the

booking to the TSO

Booking capacity

Confirming the

booking

Display the booking

confirma-tion

Book the capacity bindingly

Display the confir-

mation of availability

Sending contract to

Shipper

Receiving contract

no

yes

Booking request Binding booking

14/01/2014 | Chart 101

FCFS Booking Process Step 1: Selecting a TSO*

You do not have to be logged in in order to start a booking request. First, you select the TSO you want to send a booking request to.

Possibility to filter: Listing of all TSOs or only those you have a trading relation with

Select a TSO

*only possible if TSO supports FCFS

14/01/2014 | Chart 102

FCFS Booking Process Step 2: Selecting a network point

2

Selecting a network point

1

After the selection of the TSO you will be shown a list of available interconnection points.

14/01/2014 | Chart 103

FCFS Booking Process Step 3: Choosing the capacity type

On this page you can choose what kind of capacity you would like to request. This is the last step before sending your request to the TSO system.

Select the capacity; for bundled network points the drop-down menu only contains interruptible capacity (firm capacities are sold in auctions); restrictions for firm capacity categories (BZK) will additionally be shown

Entering of the requested capacity amount and possibility to enter an upgrade request

Choosing the start and end date; the booking deadlines are being checked straight away

14/01/2014 | Chart 104

FCFS Booking Process Step 4: Checking available capacity

If the requested capacity is available the process carries on in step 5. If the requested capacity is not available the TSO will reject the request. The process

stops at this stage. Additionally, the TSO may suggest alternative capacities which partly cover your

request.

Capacity available Alternatives

14/01/2014 | Chart 105

FCFS Booking Process Step 5: Booking of capacity

before you make a binding booking, a summary of your booking details will be shown if you aren’t logged in yet,

this will be requested before you can submit your booking.

Enter a balancing group / portfolio code (depending on the TSO optional or mandatory)

Accept the GTCs of the TSO

1

2

Binding confirmation and sending of the booking

3

14/01/2014 | Chart 106

FCFS Booking Process Step 5: Booking of capacity (bundled products)

In order to make a booking at a bundled interconnection point you may be asked to enter two balancing groups and accept the GTCs twice, once for each TSO.

Information about the product and tariffs divided per TSO

Accept the GTCs of TSO 1 and 2

Enter a balancing group/ portfolio code for TSO 1 and 2 (depending on the TSO optional or mandatory)

14/01/2014 | Chart 107

FCFS Booking Process Completing a booking

Once the capacity has been booked successfully in the TSO system a message will appear to you on PRISMA primary.

Afterwards you will receive a confirmation from the TSO.

Shows the contract position number in case it is sent by the TSO

Shows the booking details

14/01/2014 | Chart 108

FCFS Booking Process Overview of completed bookings

If you are logged in you can find a list of your own bookings in the “booking” section. This list contains all bookings you made over PRISMA primary.

14/01/2014 | Chart 109

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 110

My PRISMA primary Overview

After logging in to the platform the personalised version of the platform is available with the following functionalities

Dashboard Listing of contract positions Administration of the user

and shipper company Account data

14/01/2014 | Chart 111

The dashboard summarises auctions and interconnection points as well as completed bookings etc. that you have saved.

Bids you (and the other users of your company) have placed in running auctions are shown here.

My PRISMA primary ‘Dashboard’

Possibility for further actions

Possibility to minimize or maximize the list

14/01/2014 | Chart 112


Opens the screen to edit a bid for the selected auction

Opens the detailed view of the selected auction

14/01/2014 | Chart 113


Opens the detailed view of the selected interconnection point

Deletes the interconnection point from the list

Opens the list of auctions taking place at this interconnection point

Starts a FCFS-booking request

In case an auction is published or starts at a “watched network point” the user will be informed via email

14/01/2014 | Chart 114

My PRISMA primary ‘Contract Details’

Here you can find information about transactions you made in the past

Opens a detailed view of the contract position

Possibility to filter by certain criteria

14/01/2014 | Chart 115

At ‘Return Capacity’ you have the possibility to give your booked capacity back to the TSO (surrender), independent where you booked the capacity

Note: Surrender is not applicable for all TSO’s and subject to national regulatory regime

My PRISMA primary ‘Contract Details’

Select the contract for the capacity you want return / surrender

Enter the time where you want to return / surrender capacity

Enter the amount of the returned / surrendered capacity

14/01/2014 | Chart 116

Here you can find an overview of your comfort bids you placed

My PRISMA primary ‘Comfort Bids’

Add a new comfort bid order

Possibility to change or deactivate the comfort bid order

14/01/2014 | Chart 117

My PRISMA primary ‘Account Maintenance’

In this section the user can view and change all data they have entered during the registration process

It is divided into: − My Details (your

personal data) − Company Information − Contacts − Status

14/01/2014 | Chart 118


In ‘My Details’ you can edit your personal data. Furthermore, you can deactivate your user account. Note: if your user account is the company’s last account all trading relations of your

company will be deactivated.

Possibility to edit your personal data

Possibility to deactivate the user account

14/01/2014 | Chart 119


In ‘Company Information’ you can edit the data entered for your company. Some of the data can only be changed by the PRISMA primary administrator via a

written requests e.g. the bank account data .

Possibility to edit the company data

Link to the templates available in order to change the “sensitive” data

14/01/2014 | Chart 120


In ‘Contact Persons’ you can see which data were entered for the contact persons of your company during the registration process.

It is mandatory to enter at least one contact person per section.

Possibility to edit the data of the contact persons or to add further contact persons

14/01/2014 | Chart 121


In the ’Status’ section you can find the trade relations your company maintains with individual TSOs.

In case that your company is still in the registration process and has not yet been activated by a TSO the status of your relation will be ‘inactive’.

Possibility to add a further TSO

Possibility for further actions e.g. the deactivation of a trade relation

Information about the current relation status of the with the TSO

14/01/2014 | Chart 122

Contact Further information

Further information on platform features, interconnection points as well as all necessary shipper documents can be found in the Download Section of PRISMA primary at https://primary.prisma-capacity.eu.

Additionally, you can also find the training presentation as well as information on regional specifics in the download section of the Customer Centre

14/01/2014 | Chart 123

Contact Contact information

Information before registering on the platform PRISMA Hotline Tel.: +49 341 699 2990 66 [email protected]

For technical issues after registration

User Help Desk Tel.: +49 341 699 2990 69 [email protected]

For TSO related issues Please call your individual TSO contact

14/01/2014 | Chart 124

About PRISMA

Role Definitions

Registration

Capacity Products

Booking Process





My PRISMA primary


Agenda

14/01/2014 | Chart 125

In January 2014 the new integrated secondary functionality will be launched on the PRISMA platform…

PRISMA Platform

Supporting processes Auctions FCFS Surrender

Secondary functionalities will be integrated as a separate module into the existing PRISMA platform

Secondary functionalities will be integrated seamlessly in the existing platform

Supporting processes like registration, grid point master data etc. will be used by all functionalities

1

2

2

Secondary

1

14/01/2014 | Chart 126

Supported Trade Proposals:

Product Runtime: only flexible products shall be used but the flexible product

should support standard products as well

Both assignment & transfer of usage rights contracts will be supported;

TSO’s can configure which transaction types are allowed to be traded at the

corresponding points

Supporting processes

No separate registration, but extra information can be requested by a TSO

Data provided by a TSO (credit limits, grid points, balancing group and portfolios) will

be available for PRISMA primary and secondary

Note: * Not all procedures will be supported in all the countries

Basic Principles of the new secondary functionality… (2/3)

14/01/2014 | Chart 127

Important rules to place a request/offer

Lead time constraints can apply to the time period between the deal closure and the product utilisation

Negative prices are allowed, i.e. Selling Shipper paying Buying Shipper to take over capacity

Unbundled entry & exit products at the same IP can be sold as a bundled Trade Proposal

The Initiating Shipper can indicate whether it is allowed to buy/sell only a part of the offered/requested amount or period. Additionally, a minimum amount or period per deal can be set.

Premises All non-OTC trading procedures are completely anonymous until the deal is concluded;

only then are the parties revealed to each other The counterparties can remain completely anonymous during the entire contract

lifecycle, if supported by the TSO

Basic Principles of the new secondary functionality… (3/3)

14/01/2014 | Chart 128

A New Secondary Functionality Additional platform feature - Trader Lists

Trader Lists can be applied by a shipper, limiting the number of possible counterparties to those he trusts

A shipper can maintain as many Trader Lists as needed

Per product or bid only one Trader List can be applied

As long as a Trader List is used by at least one active Trade Proposal, a shipper can only add other shippers to the list, but not remove them

As long as a trader list is used in at least one active Response, a shipper can neither add nor remove shippers to/from the list

14/01/2014 | Chart 129

A new secondary functionality for a European capacity market.

The new secondary functionality will offer various ways to for shippers to trade

capacity

Over-The-Counter (OTC) – The shippers agree on a capacity trade in advance and

only publish the respective deal details on the platform.

First Come First Served (FCFS) – a shipper places a binding offer/capacity request

and sets a fixed price. An interested counterparty can buy/sell the capacity

immediately at the set price.

Call for Orders (CFO) – A shipper creates a capacity offer or request and can select

which of the incoming bids/offers is most suitable.

Note: * Not all procedures will be supported in all the countries

14/01/2014 | Chart 130

Trading Procedures How to read the diagrams

Only positive cases shown i.e. feedback loops for failed validations etc. are not included

Activity on the

platform

Manual or backend activity

Multiple actors

14/01/2014 | Chart 131

Trading Procedures OTC

Vend

or

Buy

er

Pla

tfor

m

Place offer

Validate offer

Accept or reject deal

Validate response

Publish deal

Receive deal data

Receive deal data

Receive deal data

Notify counter-

party

Can also be the other way around

TSO

*

* 2 TSOs for bundled products ** Based on the decision of the TSO

Validate offer**

14/01/2014 | Chart 132

Trading Procedures OTC

Rules that apply for OTC deals A deal can be put on the platform either by the vendor or the buyer The counterparty that accepts or rejects the deal cannot change the price The vendor can also send the OTC request to several parties

14/01/2014 | Chart 133

Call for Orders (Offer)

Trading Procedures Ve

ndor

B

uyer

P

latf

orm

Place offer

Validate offer

Validate response

Select buyer

Publish deal

Receive deal data

Receive deal data

Receive deal data

Respond to offer

Publish offer

TSO

*


Validate offer**

14/01/2014 | Chart 134

Trading Procedures Call for Orders (Request)

Vend

or

Buy

er

Pla

tfor

m

Place request

Validate request

Validate offer

Select vendor

Publish deal

Receive deal data

Receive deal data

Receive deal data Offer

capacity

Publish request

TSO

*

* 2 TSOs for bundled products

14/01/2014 | Chart 135

Trading Procedures Call for Orders (Offer / Request)

Rules that apply to Call for Orders When placing a request, the buyer can set a maximum price he is willing to pay When placing an offer, the vendor can set a minimum price he is willing to accept Both the buyer and the vendor have to set the maximum amount of capacity that they

request/offer. In addition, a minimum deal size can be set (see basic principles) The procedures will be fully anonymous until the deal has been concluded i.e. purely

based on capacity facts; this implies that the deal cannot be negotiated

14/01/2014 | Chart 136

FCFS (Offer)


ndor

B

uyer

P

latf

orm

Place offer

Validate offer

Request capacity

Validate request

Publish deal

Receive deal data

Receive deal data

Receive deal data

Publish offer

TSO

*


Validate offer**

14/01/2014 | Chart 137

FCFS (Request)


ndor

B

uyer

P

latf

orm

Place request

Validate request

Offer capacity

Validate offer

Publish deal

Receive deal data

Receive deal data

Receive deal data

Publish request

TSO

*

* 2 TSOs for bundled products

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