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Indicators with Definitions National Report to the European Commission 2016 SPANISH ENERGY REGULATOR’S NATIONAL REPORT TO THE EUROPEAN COMMISSION 2016 16th July 2016 1 www.cnmc.es National Report to the European Commission 2016 Table of contents 1. Foreword ............................................................................................................................ 4 2. Main developments in the gas and electricity markets ........................................................ 7 2.1. Main developments in the electricity markets ............................................................... 7 2.2. Main developments in the gas markets ........................................................................ 8 3. Electricity .......................................................................................................................... 12 3.1. Network regulation ..................................................................................................... 12 3.1.1. Unbundling ......................................................................................................... 12 3.1.2 Technical functioning .......................................................................................... 14 3.1.3 Network tariffs for connection and access ........................................................... 18 3.1.4 Cross-border issues ............................................................................................ 19 3.1.5 Compliance ......................................................................................................... 24 3.2 Market Functioning .................................................................................................... 26 3.2.1 Wholesale markets ............................................................................................. 26 3.2.2 Retail market ...................................................................................................... 35 3.3 Security of supply ...................................................................................................... 41 3.3.1 Monitoring balance of supply and demand .......................................................... 41 3.3.2 Monitoring investment in generation capacities in relation to SoS ....................... 44 3.3.3 Measures to cover peak demand or shortfalls of suppliers .................................. 48 4 Gas ................................................................................................................................... 49 4.1 Network regulation ..................................................................................................... 49 4.1.1 Unbundling ......................................................................................................... 49 4.1.2 Technical functioning .......................................................................................... 52 4.1.3 Network tariffs and economic system .................................................................. 55 4.1.4 Cross-border cooperation and implementation of European gas network codes . 56 4.1.5 Compliance ......................................................................................................... 59 4.2 Market functioning ..................................................................................................... 60 4.2.1 Wholesale markets ............................................................................................. 60 4.2.2 Retail market ...................................................................................................... 73 4.3 Security of supply ...................................................................................................... 81 4.3.1 Monitoring origin and mix of gas imports ................................................................ 81 4.3.2 Evolution of gas demand and gas demand scenarios ............................................ 83 4.3.3 Capacity of infrastructures and new investments ................................................... 84 4.3.4 Security of supply obligations and safeguard measures ......................................... 90 2 National Report to the European Commission 2016 5. REMIT .............................................................................................................................. 92 6 Consumer protection and dispute settlement in electricity and gas ................................... 94 6.1 Consumer protection.................................................................................................. 94 6.2 Dispute settlement ..................................................................................................... 98 3 National Report to the European Commission 2016 1. Foreword 2015 has been a likewise exciting and intense year for CNMC in terms of regulatory activity. The Spanish Authority has overcome a transitional period after a merger occurred in 2013, and now we are better prepared to face the great challenges we all share, better perform our duties and deliver more benefits to consumers. During 2015, important regulatory developments have taken place in both electricity and gas markets. After the approval of the Electricity Act 24/2013, the Spanish electricity market is moving forward in parallel to the new EU strategy of the electricity market design. The regulatory scheme for electricity generation based on RES put in place some years ago is gradually improving the system sustainability, and the electricity market reform is reaching its aim: the sector’s costs and revenues are back in balance and the accumulated debt should gradually be repaid over the next 15 years. At regional level, Spain is also working in progress to further integrate both the electricity and gas markets with the neighboring countries. The launch of coordinated FTRs in the Portuguese-Spanish interconnection and the successful launch of market coupling in May 2014 (between MIBEL and North-West Europe through the Spanish-French interconnection) was an important step towards the integration of the European electricity market. In 2015, CNMC moved forward approving the EU Harmonised Auction Rules for long-term capacity allocation in both IPE (interconnection Portugal-Spain) and IFE (interconnection France-Spain), the Shadow Auction rules to be applied as fallback for day-ahead market coupling in IFE and the “IFE rules version 4” that regulates intraday capacity allocation in IFE. These important landmarks will contribute to bring together prices in different markets and promote a more efficient use of cross-border capacity. However, the process of energy price convergence is intrinsically linked to the development of cross-border infrastructures, as a prerequisite to make the internal energy market work properly and to link the remaining energy islands to the main electricity and gas networks. After having signed on 4 March 2015 the Madrid Declaration, all relevant stakeholders have been working together to better connect the Iberian Peninsula to the rest of the EU energy market. In October 2015, the Santa Llogaia – Baixàs power line doubled the interconnection capacity between France and Spain at a maximum commercial capacity of 2,708 MW in the direction 4 National Report to the European Commission 2016 France to Spain and 2,392 MW in the direction Spain to France. The project has received the EU support under the European Energy Programme for Recovery. Regarding the gas interconnections, the progress made at the Spain – France interconnection during the last years has been also remarkable. In 2013, the interconnection capacity at Larrau was increased up to 5,5 bcm/year in both directions. In addition, by the end of 2015 the capacity at Irun was increased in 2 bcm/year in the Spain-France direction, reaching 7,5 bcm/year once the compression station of Biriatou was commissioned. All these important milestones in the right direction confirm the statement that a truly integrated and competitive internal energy market not only needs a common regulatory framework but also significant development of energy transmission infrastructure, in particular cross-border interconnections between Member States. Transparency is a growing area too. The regulation on wholesale energy market integrity and transparency (REMIT) helps to create transparency across Europe and entitles NRAs to monitor, investigate and act against anyone who abuses – or attempts to abuse – in the energy market. In this regard, in 2015 CNMC approved the creation of the Spanish Register of market participants in the wholesale Energy market, complying with article 9 of REMIT. Concerning the gas market, important regulatory developments have also taken place in 2015, when the creation of MIBGAS -the Iberian gas hub- has been fulfilled and the Commission Regulation (EU) nº 312/2014 (the so-called Balancing NC) has been implemented into the Spanish regulatory framework by the Circular 2/2015, issued by CNMC in July 15th. The harmonization and construction process of MIBGAS has been developed gradually and with mutual agreement between Spain and Portugal, with an underlying active contribution of both countries in achieving a European market for natural gas. The MIBGAS’ shareholders will include the TSOs of Spain and Portugal (ENAGAS and REN), and the Electricity Market operators from both countries (OMEL and OMIP) The gas exchange is functioning since 15 December 2015 for gas products delivered at the Spanish Virtual Balancing Point. In order to foster liquidity, the regulation
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