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Cross-Border Electricity Trading in Southeast Europe Towards an Internal European Market †
energies Article Cross-Border Electricity Trading in Southeast Europe Towards an Internal European Market † Despoina I. Makrygiorgou 1,2,*, Nikos Andriopoulos 1,2, Ioannis Georgantas 1, Christos Dikaiakos 1 and George P. Papaioannou 1 1 Research, Technology & Development Department, Independent Power Transmission Operator (IPTO) S.A., 89 Dyrrachiou & Kifisou Str. Gr, 10443 Athens, Greece; [email protected] (N.A.); [email protected] (I.G.); [email protected] (C.D.); [email protected] (G.P.P.) 2 Department of Electrical and Computer Engineering, University of Patras, 26500 Patras, Greece * Correspondence: [email protected] † This paper is an extended version of our paper published in 17th International Conference on the European Energy Market (EEM), IEEE, Stockholm, Sweden, 16–18 September 2020; pp. 1–6. Received: 8 December 2020; Accepted: 14 December 2020; Published: 17 December 2020 Abstract: The European Commission’s Target Model’s main objective is to integrate European electricity markets, leading to a single internal energy market and guaranteeing the instantaneous balance between electricity generation and demand. According to the target model for electricity trading, proposed by the European Network Transmission System Operators for Electricity (ENTSO-E), within each zone, electricity can be traded freely without taking into consideration network limitations. In contrast, for cross-border trading, the exchanges with other market areas are taken into account. Cross-border trade poses a further burden on the interconnection lines, resulting in increasing network congestion, which in turn restricts electricity trading. Thus, calculating the available capacity for trade has a significant ramification on the market. Today, the Available Transfer Capacity (ATC) mechanism dominates cross-border trading, but this methodology may be replaced by the Flow-Based (FB) approach across Europe. -
Innovation Funding Incentive
Annual Report 2010/11 Innovation Funding Incentive Electricity Transmission R&D Programme Detailed Reports National Grid Electricity Transmission R&D Programme Detailed Report During the financial year, 2010/2011 National Grid Electricity Transmission utilised 99% of the Innovation Funding Incentive across a number of programme areas. These programme areas and their associated projects are indexed below and the detailed progress reports follow. The report has been structured to show research project and the area of research they relate to spanning network wide projects to specific asset types. Contents National Grid Electricity Transmission R&D Programme Detailed Report ............... 28 Contents ......................................................................................................................... 28 Network........................................................................................................................... 31 On line Monitoring Integration................................................................................................................. 31 Condition Monitoring (Assessment) of circuit Breakers .......................................................................... 35 Remote Mass Flow Meters ..................................................................................................................... 38 Review of Voltage Dependency of Load................................................................................................. 41 Demand Response ................................................................................................................................ -
Successful Launch of Swe Common Synchronised Operations with Nwe Price
North-Western Price Coupling of South-Western Europe Regions Europe SUCCESSFUL LAUNCH OF SWE COMMON SYNCHRONISED OPERATIONS WITH NWE PRICE COUPLING 4 February 2014. The South-Western Europe (SWE) and North-Western Europe (NWE) day-ahead price coupling project partners are pleased to announce the successful launch of common synchronised operations of NWE and SWE day-ahead markets. Full price coupling on the French-Spanish border will be launched at a later stage. This has been decided by the project partners, following common testing and alignment of Gate Closure Times. Both projects operate using the systems and procedures provided by the Price coupling of Regions (PCR) initiative. This launch is a significant step towards an integrated European power market. In pursuit of European day-ahead Price coupling, NWE and SWE have designed a step-by-step approach to integrate the Iberian market and NWE. Steps to integrate the day-ahead markets in the SWE and NWE regions have been underway since April 2013, addressing the joint testing of systems and operational procedures for the combined NWE and SWE regions. Alignment of timings in the SWE and NWE day-ahead markets successfully took place on 15 October 2013, when the Iberian day-ahead Gate Closure Time was switched to 12h00 CET. The penultimate step was achieved on 4 February with the go-live of common synchronised operations of the NWE and SWE projects for delivery on 5 February 2014. SWE uses the same PCR systems and operational procedures as NWE. For the time being, PCR will operate without offering capacity at the French-Spanish border to the price coupling, so the daily explicit auction on this border will be maintained as it is today. -
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance – decisions required 2.1 Way forward Central Settlement Entity Inf 3 Important points to highlight and decisions requested by TFs 3.1 Status extension projects and communication towards EC Dec 3.2 MRC OPSCOM Dec 3.3 MSD Dec 3.4 Procedures TF Inf 3.5 BMTF Dec 3.6 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Preparations for next TCG and MESC Inf 4.2 EC consultation on first light amendment of some relevant regulations incl. -
LITGRID AB the Company's Financial Statements, Annual Report and Independent Auditor's Report for the Year Ended 31 Decembe
LITGRID AB The Company’s financial statements, annual report and independent auditor’s report for the year ended 31 December 2020 CONFIRMATION OF RESPONSIBLE PERSONS 15 March 2021, Vilnius Following the Law on Securities of the Republic of Lithuania and the Rules on Information Disclosure approved by the Bank of Lithuania, we, Rokas Masiulis, Chief Executive Officer of LITGRID AB, Vytautas Tauras, Director of the Finance Department of LITGRID AB and Jurgita Kerpė, Head of the Accounting Division of LITGRID AB, hereby confirm that, to the best of our knowledge, the attached financial statements of LITGRID AB for the year 2020 prepared in accordance with the International Financial Reporting Standards adopted by the European Union give a true and fair view of the Company’s assets, liabilities, financial position, profit and cash flows; the annual report for the year 2020 presents a fair overview of the business development and performance, the Company’s financial position together with the description of its exposure to key risks and contingencies. Rokas Masiulis Chief Executive Officer Vytautas Tauras Director of the Finance Department Jurgita Kerpė Head of the Accounting Division CONTENTS Translation note: This version of the accompanying documents is a translation from the original, which was prepared in Lithuanian. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original language version of the accompanying documents takes precedence over this translation. Independent auditor’s report 4 Annual report 10 The Company’s statement of financial position 101 The Company’s statement of comprehensive income 102 The Company’s statement of changes in equity 103 The Company’s statement of cash flows 104 Notes to the Company’s financial statements 105 The financial statements were approved on 15 March 2021. -
UCTE Transmission Development Plan
UCTE Transmission Development Plan Edition 2008 union for the co-ordination of transmission of electricity Table of contents Executive Summary 3 1 Introduction 5 2 Evolution of the UCTE Generation-Load Balance 12 3 Development of Interconnections 19 4 Transmission Network Development 37 Appendix 1 39 Detailed Information on Interconnection Projects Appendix 2 66 UCTE Members Internal Grid Development EXecutiVE summaRY Executive Summary In order to meet the objectives of the European energy policy, the transmission grid must be devel- oped while maximizing security and minimizing the total cost ( from generation to retail ). Grid devel- opment is influenced by two interrelated parameters: consumption and generation. If consumption is expected to follow a rather low growth rate as a result of improved energy efficiency, generation is affected by major changes resulting from the development of renewable energy sources and the renewal of the oldest thermal plants. The UCTE Transmission System Operators ( TSOs ) therefore have two objectives: maximising the security of supply and integrating the market in order to allow an efficient use of the generation and by this way minimise total costs. Over the next 10 years, net installed generation capacity in UCTE attributable to both new projects already submitted to the TSOs and expected decommissioning of existing plants or attributable to energy policy objectives amounts be approximately 220 GW ( including 80 GW of wind power ). At the same time, consumption over the same period is forecasted to increase by approximately 90 GW. Since rising generation capacity is strongly linked to market conditions, there is almost certain that all generation projects submitted to the TSOs will not be confirmed. -
Establishing the Institutional Set- up for Organized Day-Ahead Market in Bosnia and Herzegovina
Finland Energy Community Norway Members Sweden European Union Estonia Observers Contracting parties Latvia Denmark Candidate Lithuania Ireland Great Britain Netherlands Poland Germany Belgium Luxembourg Czech Republic Slovakia Ukraine Austria Moldova Hungary France Slovenia Romania Croatia Bosnia & Herzegovina Serbia Italy Montenegro Kosovo* Bulgaria Georgia FYR of Portugal Macedonia Albania Spain Armenia Greece Turkey Malta Cyprus Establishing the institutional set- up for organized day-ahead market in Bosnia and Herzegovina SEEC Ltd. and MRC Consultants and Transaction Advisers March 2018 This report is a deliverable under the Technical Assistance to Connectivity in the Western Balkans, Component 2: Regional Energy Market. www.energy-community.com Establishing the Institutional Set-up for Organized Day-ahead market in Bosnia and Herzegovina TECHNICAL REPORT Prepared for March 2018 MRC Consultants and Transaction Advisers General Moscardo 32, 1-A, 28020 Madrid (Spain) www.mrc-consultants.com SEEC Ltd. and MRC Consultants and Transaction Advisers and their directors and staff neither owe nor accept any duty of care to any third party whether in contract or in tort (including without limitation negligence or statutory duty or howsoever otherwise arising) and shall not be liable in respect of any loss, damage or expense of whatsoever nature which is caused by any third party’s reliance upon information derived from the report. If any third party wishes to rely upon the report or information derived there from, they do so entirely at their own risk. The information used in preparing this Report has been obtained from a variety of sources as indicated within the Report. Our work has not included an audit in accordance with generally accepted auditing standards. -
Phd Decision Sciences Seminar
European Electricity Markets Structure and Trading Phase I: Retail Competition and Crossborder Mergers Modelling and Managing Competitive Electricity Markets 30 September – 3 October 2003 John Bower Overview European electricity market overview The Directive and retail supply competition Unresolved regulatory issues BREAK Transmission economics Measuring market integration Transmission pricing solutions Case Study John Bower Europe I 2 European electricity market overview Four coordinated AC transmission grids linked by DC lines define market boundary…. TRANSMISSION SYSTEMS IN THE EUROPEAN ELECTRICITY MARKET Source: UCTE John Bower Europe I 3 European electricity market overview …. owned by 45 separate entities spread across 28 countries coordinated by ETSO EUROPEAN TRANSMISSION SYSTEM OPERATORS (ETSO) MEMBERS • TSOI, the association of TSOs in Ireland: Irish Republic (ESB), Northern Ireland, (NIE) • UKTSOA, the United Kingdom TSO association: England & Wales (NGC), Scottish Power (S. Scotland), N. Scotland, (Scottish Hydro) • NORDEL, the Nordic TSOs: Norway (Statnett), Sweden (Svenska Kraftnat), Finland (Fingrid), W. Denmark (Eltra), E. Denmark (Elkraft) • UCTE, the Union for the Co ordination of Transmission of Electricity, association of TSOs of the Continental countries of Western and Central Europe: Belgium (Elia SA/NV), Germany (Bewag AG, Energie Baden Württemberg AG, E.On Netz GmbH, Hamburgische Electrizitäts-Werke AG, RWE Net AG, Vereinigte Energiewerke AG), Spain (Red Eléctrica de España S.A., France (EdF Gestionnaire du Réseau -
Repower – Kosovo Demand Side Response in Kosovo Power System
REPOWER – KOSOVO DEMAND SIDE RESPONSE IN KOSOVO POWER SYSTEM DATE: July 2019 This publication was produced for review by the United States Agency for International Development. It was prepared by AECOM. ___________________________________________________________________________________________ REPOWER – KOSOVO i/77 REPOWER-KOSOVO DEMAND SIDE RESPONSE IN KOSOVO POWER SYSTEM Contract Number: AID-OAA-I-13-00012 Task Order: AID-167-TO-14-00007 Submitted to: USAID/Kosovo Prepared by: AECOM International Development DISCLAIMER: The authors’ views expressed in this document do not necessarily reflect the views of the United States Agency for International Development or the United States Government. ___________________________________________________________________________________________ REPOWER – KOSOVO 2/77 Contents 1. GENERAL CONCEPT OF DEMAND SIDE RESPONSE ................................................. 4 2. OTHER COUNTRIES EXPERIENCE ............................................................................... 10 2.1. Austria ............................................................................................................................................................. 13 2.2. Belgium ............................................................................................................................................................ 16 2.3. Bosnia and herzegovina ............................................................................................................................... 19 2.4. Croatia ........................................................................................................................................................... -
Baltic CCR's Methodology for a Market-Based Allocation Process of Cross
Baltic CCR’s Methodology for a market-based allocation process of cross zonal capacity for the exchange of balancing capacity or sharing of reserves in accordance with Article 41 of the Commission Regulation (EU) 2017/2195 of 23 November 2017 2019-103245-0001 2019-12-19 establishing a guideline on electricity balancing Baltic CCR’s Methodology for a market-based allocation process of cross zonal capacity for the exchange of balancing capacity or sharing of reserves in accordance with Article 41 of the Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing Contents Whereas ......................................................................................................................................................3 Abbreviations ...................................................................................................................................................6 Article 1 Subject matter and scope ..............................................................................................................7 Article 2 Definitions ....................................................................................................................................7 Article 3 Principles of balancing capacity cooperation ...............................................................................8 Article 4 Notification process for the use of the market-based allocation process ......................................9 Article 5 Process and timeframe of market-based allocation -
Winter Review and Summer Outlook 2009
European Network of Transmission System Operators for Electricity An Overview of System Adequacy: Winter Review and Summer Outlook Report 2009 ENTSO-E • Boulevard Saint-Michel, 15 • 1040 Brussels • Belgium • Tel +32 2 737 15 80 • Fax +32 2 741 69 49 • [email protected] • www.entsoe.eu European Network of Transmission System Operators for Electricity Contents 1 Executive Summary .......................................................................................................3 1.1 Winter Review 2008/09....................................................................................................3 1.2 Summer Outlook 2009 .....................................................................................................8 2 Introduction and Methodology ...................................................................................11 2.1 Scope & Objectives of the Report ..................................................................................11 2.1.1 Winter Review Report ..................................................................................................11 2.1.2 Summer Outlook Report..............................................................................................11 2.2 Sources of Information & Methodology ..........................................................................11 2.2.1 Winter Review Report ..................................................................................................11 2.2.2 Summer Outlook Report..............................................................................................12 -
DECISION No 38/2020 of the EUROPEAN UNION AGENCY for the COOPERATION of ENERGY REGULATORS of 23 December 2020
PUBLIC DECISION No 38/2020 OF THE EUROPEAN UNION AGENCY FOR THE COOPERATION OF ENERGY REGULATORS of 23 December 2020 ON THE METHODOLOGY FOR THE USE OF CONGESTION INCOME FOR THE PURPOSES REFERRED TO IN ARTICLE 19(2) OF REGULATION (EU) 2019/943 IN ACCORDANCE WITH ARTICLE 19(4) OF REGULATION (EU) 2019/943 THE EUROPEAN UNION AGENCY FOR THE COOPERATION OF ENERGY REGULATORS, Having regard to the Treaty on the Functioning of the European Union, Having regard to Regulation (EU) 2019/942 of the European Parliament and of the Council of 5 June 2019 establishing a European Union Agency for the Cooperation of Energy Regulators1, and, in particular, Article 4(4) thereof, Having regard to Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity2, and, in particular, Article 19(4) thereof, Having regard to the outcome of the consultation with ACER’s Electricity Working Group (the ‘AEWG’), Having regard to the favourable opinion of the Board of Regulators of 16 December 2020, delivered pursuant to Article 22(5)(a) of Regulation (EU) 2019/942, Whereas: 1. INTRODUCTION (1) Article 19 of Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity (hereafter the ‘Electricity Regulation’) establishes rules for the use of congestion income generated by the congestion management procedures. 1 OJ L 158, 14.6.2019, p. 22. 2 OJ L 158, 14.6.2019, p. 54. Page 1 of 13 PUBLIC Decision No 38/2020 (2) Pursuant to Article 19(2) of the Electricity Regulation, the following objectives shall have priority with respect to the allocation of any income resulting from the allocation of cross-zonal capacity: (a) guaranteeing the actual availability of the allocated capacity including firmness compensation, or (b) maintaining or increasing cross-zonal capacities or covering the costs resulting from network investments that are relevant to reduce interconnector congestion.