Enagás, REN and TIGF
Issues to be discussed
25th IG meeting
13th December 2013
Index
1.
2.
3.
4.
5.
6.
7.
8.
9.
Specific calendar of auctions.
Definition of large and small price steps for each type of
product.
Transfer of existing contracts to the VIP
Capacity to be offered
Financial guarantees.
Contracts: standard and annexes/standard after the auction.
Secondary market: when and where trades will take place,
public information.
Stakeholders information
EIC and transfer to affiliates
2
1. Auction calendar
• Since the binding application of the CAM NC, the auction calendar will be
determined by ENTSOG
• Until that date, TSOs will follow PRISMA’s auction calendar
AUCTIONS CALENDAR FOR 2014
Annual
yearly
capacity
auctions
03/03/2014
Annual
quarterly
capacity
auctions
02/06/2014
Rolling monthly capacity auctions
SEPTEMBER
OCTOBER
NOVEMBER
DECEMBER
15/09/2014
20/10/2014
17/11/2014
15/12/2014
3
2. Definition of price steps
• Large price steps:
• Rules in other IPs in Europe according to NRAs:
• Yearly auctions: large price step = 10 ct/kWh/h/Runtime, small price
step = 2 ct/kWh/h/Runtime
• Quarterly auctions: large price step = 2.5 ct/kWh/h/Runtime, small
price step = 0.5 ct/kWh/h/Runtime
• Monthly auctions: large price step = 1 ct/kWh/h/Runtime, small price
step = 0.2 ct/kWh/h/Runtime
• To be discussed …
• Small prices steps:
• PRISMA booking platform sets, as a default rule, that small price steps
are 20% of the large price steps. In principle, TSOs will follow this default
rule for all products (yearly, quarterly and monthly)
4
3. Transfer of existing contracts to the VIP
• At the Spanish-French border, Enagás and TIGF agree to transfer existing
contracts at physical IPs to VIP. This will imply that as from October 2014 for
commercial and operational purposes the physical IPs will no longer exits.
This will not imply that existing contracts have to be bundled.
ENAGAS
TIGF
Decision required
YES
YES
NO
• At the Spanish-Portuguese border, Enagás will also transfer existing
contracts at physical IPs to VIP without bundling existing contracts.
• REN will only transfer contracts from physical IPs to the VIP as from October
2014 as long as all unbundled capacity at the IPs is contracted by the same
shipper on both sides.
ENAGAS
REN
YES without changing YES , but only if existing
the conditions in the
unbundled capacity is
contracts
fully contracted
Decision required
YES
5
4. Capacity to be offered
PENDING ON SEVERAL DECISSIONS DESCRIBED
IN THE NEXT SLIDES
6
4. Firm and interruptible capacity
Capacity
Opinion on how to offer capacity
Decision
required
SIDE 1
SIDE 2
REN
ENAGAS
TIGF
Firm
Firm
Bundled
Bundled
Bundled
NO
Firm
Interruptible
Bundled
Unbundled
Unbundled
YES
Interruptible
Interruptible
Bundled
Unbundled
Unbundled
YES
7
4. Bundled and unbundled products
• At the Spanish-French border, Enagás and TIGF will offered all the available
capacity (bundled and unbundled) at the VIP.
• At the Spanish-Portuguese border, Enagás and REN will offere all the
available capacity (bundled and unbundled) at the VIP, whereby REN
considers that the following conditions should be met:
• for the existing unbundled capacity at both IPs, comercial mismatching
must be eliminated by contracting the same capacity at both sides of the
border by the same shipper;
• if available, unbundled capacity at the VIP shall be only due to mismatch
of technical capacity as offered by both TSOs.
Where capacity will
be offered
REN
ENAGAS
TIGF
Decision
required
Bundled capacity
VIP
VIP
VIP
NO
VIP, but…
VIP
VIP
YES
Unbundled capacity
8
4. Capacity between Spain and France (2014)
SPAIN  FRANCE (bundled capacity)
Firm annual yearly bundled capacity auctions - VIP
MWh/d
2014
2015
2016
2017
2018
2019
2020
2021
2022
Capacity offered
19.501
19.501
24.201
24.201
24.201
1.701
1.701
1.701
1.701
2023
2024
117.193
131.113
2025
131.113
2026
177.413
2027
177.413
2028
177.413
Firm annual quarterly bundled capacity auction VIP
(2014 gas year)
MWh/d
Q4
Q1
Q2
Q3
Capacity offered
17.000
17.000
17.400
17.400
FRANCE  SPAIN (bundled capacity)
Firm annual yearly bundled capacity auctions - VIP
MWh/d
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Capacity offered
1.980
1.980
1.980
1.980
1.980
-
-
-
-
54.480
54.480
54.480
2026
128.000
2027
128.000
2028
128.000
Firm annual quarterly bundled capacity auction VIP
(2014 gas year)
MWh/d
Capacity offered
Q4
16.500
Q1
16.500
Q2
17.500
Q3
17.500
Note that the figures are provided at 0ºC
9
4. Capacity between Spain and France (2014)
SPAIN  FRANCE (unbundled capacity)
Available firm yearly unbundled capacity - VIP
MWh/d
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
Available unbundled cap FRANCE
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
50.371
50.371
50.371
50.371
50.371
50.371
50.371
50.371
50.371
-
-
-
-
-
-
Available unbundled cap SPAIN
FRANCE  SPAIN (unbundled capacity)
Available firm yearly unbundled capacity - VIP
2014
2015
2016
2017
2018
2019
2020
2021
2022
Available unbundled cap FRANCE
MWh/d
-
-
-
-
-
-
-
-
-
Available unbundled cap SPAIN
251
251
251
251
251
251
251
251
251
2023
2024
2025
2026
2027
2028
-
-
-
4.000
4.000
4.000
73.520
73.520
73.520
-
-
-
Note that the figures are provided at 0ºC
10
4. Enagas-REN Technical capacities
Badajoz/Campo Maior: Spain  Portugal
Actual capacities
Spain -> Portugal
GWh/day
Year New Infraestructures
Exit ENAGÁS
Entry REN
2013
134 GWh at 76 bar
141 GWh at 76 bar
2014 CS Carregado
134 GWh at 76 bar (*) 141 GWh at 76 bar/ 80 bar
(*) When the delivery pressure at the border is 80 bar the
maximum physical capacity is 128 GWh
GWh/day
2021-2024 2014-2020
Year
Spain
New
Infraestructure
Total
value
Spanish side
Firm
Interruptible
Comments
Enagas
Portugal
Total
value
Portuguese side
Firm
Interruptible
Current status
W: 134
S: 134
at 76 bar
W: 134
S: 134
All the capacity is firm
W: 140
S: 135
at 76 bar
W: 115
S: 110
W: 25
S: 25
Comments
REN
Firm capacity at 76 bar and
normal network average
pressure.
Interruptible capacity at 80 bar
or low network average
pressure.
W: Jan, Feb, Mar; Nov, Dec
S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
11
4. Enagas-REN Technical capacities
Badajoz/Campo Maior: Portugal  Spain
Actual capacities
Portugal -> Spain
GWh/day
Year New Infraestructures
GWh/day
2021-2024 2014-2020
Year
Total
value
Spanish side
Firm
Interruptible
Comments
Enagas
W: 35 GWh at 55 bar
S: 70 GWh at 55 bar
105 GWh at 55 bar
2014 CS Carregado
W: 70 GWh at 55 bar
S: 105 GWh at 55 bar
105 GWh at 55 bar
Spain
Total
value
W: 85
S: 105
Current status
Portuguese side
Firm
Interruptible
W: 35
S: 55
W: 50
S: 50
W: 0
S: 25
W: 40
S: 50
W: 70
S: 95
W: 55
S: 25
at 55 bar
W: 105
S: 105
at 55 bar
CS Carregado
W: 105
S: 105
All the capacity is firm
Entry ENAGÁS
2013
Portugal
New
Infraestructure
Exit REN
W: 40
S: 75
at 55 bar
W: 125
S: 120
Comments
REN
C
Firm capacity is available
through the Carriço UGS
withdrawal to cover the
CCGT's demand.
Additional interruptible
capacity is available with
Carriço UGS withdrawal and
depending on CCGT's
demand.
at 55 bar
W: Jan, Feb, Mar; Nov, Dec
S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
12
4. Enagas-REN Technical capacities
Valença do Minho/Tuy: Spain  Portugal
Actual capacities
Spain -> Portugal
GWh/day
Year
GWh/day
New
Infraestructure
Current status
Total
value
W: 30
S: 42
Spanish side
Firm
Interruptible
Entry REN
2013
W: 30 GWh at 60 bar
S: 42 GWh at 60 bar
40 GWh at 60 bar
2014 CS Carregado
W: 30 GWh at 60 bar
S: 42 GWh at 60 bar
40 GWh at 60 bar
W: 30
S: 42
Interruptible capacity is
available depending on:
1) Minimum production of
Mugardos LNG terminal
W: 30
S: 42
Interruptible capacity is
available depending on:
1) CCGT demand on
Spanish side
2) Minimum production of
Mugardos LNG terminal
at 60 bar
LNG Terminal
Musel
CS Carregado
W: 40
S: 42
at 60 bar
Comments
Enagas
W: 30
S: 42
at 60 bar
2021-2024
2014-2020
Year
Exit ENAGÁS
Spain
W: 40
S: 42
New Infraestructures
Portugal
Total
value
W: 35
S: 25
at 60 bar
Portuguese side
Firm
W: 25
S: 15
Interruptible
W: 10
S: 10
Comments
REN
Interruptible capacity is
available at low network
average pressure and high
NG demand (mainly from the
CCGT's demand).
Interruptible capacity is
available depending on:
1) Minimum production of
Mugardos LNG terminal
W: Jan, Feb, Mar; Nov, Dec
S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
13
4. Enagas-REN Technical capacities
Valença do Minho/Tuy: Portugal  Spain
Actual capacities
Portugal -> Spain
GWh/day
Year
GWh/day
2021-2024 2014-2020
Year
Current status
Total
value
Firm
W: 25
S: 15
W: 25
S: 15
Spanish side
Interruptible
Comments
Enagas
2014 CS Carregado
31 GWh at 60 bar 25 GWh at 60 bar
at 60 bar
CS Carregado
Spain
Total
value
Portuguese side
Firm
Interruptible
W: 25
S: 30
W: 10
S: 10
W: 0
S: 10
W: 0
S: 0
W: 0
S: 10
W: 45
S: 50
W: 35
S: 40
W: 10
S: 10
at 60 bar
All the capacity is firm
W: 30
S: 15
Entry ENAGÁS
28 GWh at 60 bar 25 GWh at 60 bar
W: 35
S: 40
at 60 bar
W: 30
S: 15
Exit REN
2013
Portugal
New
Infraestructure
New Infraestructures
at 60 bar
Comments
REN
Firm capacity is available
through the Carriço UGS
withdrawal to cover the
CCGT's demand.
Additional interruptible
capacity is available with
Carriço UGS withdrawal and
depending on CCGT's
demand.
at 60 bar
W: Jan, Feb, Mar; Nov, Dec
S: Apr, May, Jun, Jul, Ago, Sep, Oct
Capacities are calculated at 25ºC
14
5. Financial guarantees
• Each TSO will establish its own financial guarantees. There is no need for
alignment or decision as regards this point.
• Neither Enagás nor TIGF, nor REN will use PRISMA functionality for
managing financial guarantees.
• On the Spanish side and on the French side as well on Portuguese side,
there will not be any need to establish additional financial guarantees for
participating in the auctions.
• Each TSO will require the financial guarantees establish in their national
regulation.
15
6. Standard contracts (I)
• TSOs fully agrees that an standard capacity contracts should be signed with
each TSO.
• ENAGAS
• The Standard Contract with Enagas will have to be singed in advance, as a
prerequisite to participate in auctions. The Standard Contract will only be
signed once during the registration process. This contract will be valid to both
concluding bookings and to participate in auctions with Enagás at PRISMA
booking platform.
• Capacity allocated to a Shipper at PRISMA booking platform will be
automatically introduce at the SL-ATR, thus this allocation will be binding for
shippers and it will not be necessary to sign any additional document.
• Once the shipper has been informed of the allocation of capacities, it will be
informed of the financial guarantees associated to the contracted capacity he
has to put in place in favour of Enagás. These financial guarantees are
detailed in Royal Decree 949/2001.
16
6. Standard contracts (II)
• REN
• In order to be able to participate in auctions Shippers must be registered as
licensed shippers in the Portuguese system. The requirements and
procedure to get the license are detailed by the DGEG at http://www.dgeg.pt/
• Shippers have to have signed the Transport Contract with REN Gasodutos in
order to participate in the auctions.
• Capacity allocated to a Shipper at PRISMA booking platform will be
automatically introduced in REN’s Third Party Access Platform (ATR), thus
this allocation will be binding for shippers and it will not be necessary to sign
any additional document.
• Once the shipper has been informed of the allocation of capacities, it will also
be informed of the financial guarantees associated to the contracted capacity
he has to put in place in favor of REN. These financial guarantees are
detailed in Contrato de Uso da Rede Nacional de Transporte de Gás Natural,
wich general terms & conditions are available at https://www.ign.ren.pt/
• No specific financial guarantees to participate in the auctions will be required.
17
6. Standard contracts (III)
• TIGF
• In order to be able to participate in auctions Shippers must be registered as
licensed Shippers in the French system. The requirements and procedure to
get the license are detailed by the DGEC at the following link:
http://www.developpement-durable.gouv.fr/Liste-des-fournisseurs-autorises.html
• Then, Shippers will have to sign the Transport Contract with TIGF in advance
in order to participate to the auctions.
• Capacity allocated to a Shipper at PRISMA booking platform will be
automatically introduced in the Transport Contract (Bordereau de Capacités),
thus this allocation will be binding for shippers and it will not be necessary to
sign any additional document.
• Once the shipper has been informed of the allocation of capacities, it will be
informed of the financial guarantees associated to the contracted capacity he
has to put in place in favor of TIGF. These financial guarantees are detailed
in Article 8 Guarantee of Transport Contract General Terms available on
TIGF web site.
• No financial guarantees to participate in the auctions will be required.
18
7. Secondary market
• For the year 2014, TSOs will put in place a coordinated procedure to allow
shippers to trade their bundled capacity in the secondary market.
• Once there is a secondary booking platform, TSOs will have the opportunity
to use this functionality.
• During 2014, Enagas and REN are working on a Pilot project with PRISMA,
which doesn’t include a secondary market facility.
19
8. Stakeholders information
Proposed calendar
•
January: publication of the relevant documentation by TSOs for shippers
•
February: publication of the relevant regulation by NRAs
Documentation
•
Description of capacity products
•
Capacities offered
•
Auction process
•
Link to PRISMA on TSO’s websites
•
Creation of the VIP
•
2014 calendar for yearly, quarterly, monthly auctions
20
9. EIC code & transfer to affiliates
• Situation: the company that has been allocated capacity at PRISMA should
be the same as the one signing the contracts with the TSOs. Thus, there is
no possibility to transfer the capacity to an affiliate at IPs; instead, gas
transactions will take place within each system (PEG, AOC, VTP)
• Enagás agrees with this provision.
• TIGF, at this point of progress, would agree with this provision.
• REN has no objection to this provision, as it is imposed by NRAs
Transfer to
affiliates
REN
ENAGAS
TIGF
Decision required
NO
NO
NO
NO
21
Thank you for your attention!