Tennet Integrated Annual Report 2019

Total Page:16

File Type:pdf, Size:1020Kb

Tennet Integrated Annual Report 2019 TenneT Holding B.V. Integrated Annual Report 2019 Key figures 2019 Safe workplace Diverse workforce Safety (TRIR) Gender ratio 4.8 23% 77% Satisfied capital providers* Environmental impact ROIC % Greened of our carbon footprint 5.1 27.4% Grid availability Safeguard capital structure* Grid availability FFO/Net debt 99.9998% 14.8% Future proof grid* Our workforce Annual Investments (EUR million) Number of employees (internal and external) 3,064 4,913 Engaged stakeholders Healthy financial operations* Reputation survey EBIT (EUR million) fairly strong to very strong 768 * Based on underlying figures Table of contents Integrated 2019 at a glance 2 Annual Letter from the Board 4 Report 2019 * About TenneT 6 Profile 6 Our strategy and value creation 9 Materiality analysis 14 * Our performance in 2019 16 Deliver a high security of supply 16 Ensure critical infrastructure for society 23 Create a sustainable workplace 30 Contents Create value to transition to a low carbon economy 36 Secure a solid financial performance and investor rating 44 Solve societal challenges with stakeholders and through partnerships 50 Statements of the Executive Board 57 Our Executive Board 58 Supervisory Board Report 60 Supervisory Board Report 60 Remuneration policy 66 Board remuneration 68 Our Supervisory Board 72 * Governance and risk management 74 Corporate governance 74 Risk management and internal control 76 Risk management and internal control framework 79 Compliance and integrity 80 Risk appetite 82 Key risks 83 Financial statements 87 Consolidated financial statements 88 Notes to the consolidated financial statements 95 Company financial statements 147 Notes to the company financial statements 149 Other information 152 Profit appropriation 152 Independent auditor’s report 153 Assurance report of the independent auditor 160 About this report 163 Reconciliation of non-IFRS financial measures 168 SWOT Analysis 169 Key figures: five-year summary 170 Glossary 171 * These sections reflect the director’s report as mentioned by Part 9 of Book 2 of the Dutch Civil Code. Integrated Annual Report 2019 - TenneT Holding B.V. 1 2019 at a glance TenneT at a glance 2019 Q2 Q3 After five years of construction, the Randstad We decided to 380 kV North Ring was increase our commissioned. This will biodiversity further strengthen measures at 462 of our grid in one of our stations in the the most densely Netherlands and populated regions in Q1 Germany. the Netherlands. We partnered up with Gasunie and Thyssengas in the Element Eins Q4 project, where In November 2019, TenneT entered into We completed the COBRAcable in we aim to find the largest sustainable Revolving Credit September 2019, which now allows solutions to Facility in the Benelux. This EUR 3 billion green energy to flow between the connect both facility provides TenneT with more options Netherlands and Denmark. electricity and gas to drive the energy transition. infrastructures through the production of hydrogen. We completed Borssele Alpha, TenneT’s first, and at the same time largest connection system for wind farms on the Dutch North Sea. We successfully issued another EUR 1.25 billion We have completed our project at the Elbe of Green Bonds. Crossing in Germany. With this project, we quadrupled our capacity (from 2.4 to 9.6 gigawatts (GW)) and it created TenneT’s most powerful line, using the highest masts in Europe. Together with 50Hertz, Amprion and We welcomed new members of the TenneT announced plans TransnetBW, we submitted the German Grid Supervisory Board (Edna Schöne, to invest an additional development plan (Netzentwicklungsplan) Essimari Kairisto and Stijn van Els) EUR 215 million in the high to the BNetzA after taking comments from and Tim Meyerjürgens as COO in We organised an annual event voltage grid in the north of a public consultation into consideration. our Executive board in the first half combining forces together with over the Netherlands to increase of 2019. 150 energy professionals to discuss connection capacity from how we can drive the energy transition. solar and wind farms. 2 Integrated Annual Report 2019 - TenneT Holding B.V. 3 Letter from the Board Letter from the Board In order to implement the sustainable energy policies of the That’s why we focus on three main points when designing Netherlands and Germany, drive the energy transition and an energy system fit for a fossil-free future. Firstly, expansion carry out large-scale maintenance work on our high-voltage – by which we mean extending the reach of our grids to grids, our annual investments will need to expand from connect and carry the power of on- and offshore wind approximately EUR 2 to 3 billion today to approximately to millions of users across the Netherlands and Germany EUR 4 to 5 billion within the next five years that implies that and beyond. Transport across large distances, combined Letter we are preparing for doubling our execution capacity in the with international exchange of green electricity, is vital for the next years. As announced earlier and recognised by our success of the energy transition. Secondly, optimising the principal shareholder, the Dutch State, it is clear that utilisation of our existing grids will help us achieve a clean from the additional equity capital is needed to maintain our solid energy future faster. A promising development in this standing in the financial markets and to ensure favourable respect is the advanced thinking about an integration of access to a wide-ranging supply of financing sources. electricity and gas power networks. In addition, automated Board system operations will help us achieve higher grid utilisation, Our aim is to further build on TenneT’s strength as an which we are exploring together with universities, integrated, European company. The energy transition distribution system operators, suppliers and governments. recognises no borders – and we believe in a unified, rather With this new technology we expect to unleash latent grid than fragmented country-by-country approach. This is the capacity instead of upgrading or expanding our assets. Ben Voorhorst Manon van Beek Otto Jager Tim Meyerjürgens Chief Operational Officer Chief Executive Officer Chief Financial Officer Chief Operating Officer best way to ensure the highest availability of our grid when And finally system thinking and sector coupling, where it either gets flooded with green electricity, or when it is dark flexiblity is key. Flexibility of demand and supply of electricity and windless. It also ensures efficient investment across is essential to keep the system in balance while intermittent Dear all, a larger geographical area, avoiding costly miniature renewable energy sources will increasingly dominate the To put it in a nutshell: our task is it, to keep the lights on. And we are good at it. solutions. Finally, it will bundle knowledge and spur scene. Flexibility can be achieved, among other things, With 99.9998% our grid availability is amongst the highest in the world. But times cooperation to achieve ambitious climate goals at a faster from interconnectors, storage (batteries, hydrogen pace. As a consequence, we would like to further broaden conversion), comprehensive participation of consumers in are changing, and we face new challenges as we prepare for a clean energy future, and professionalise our existing shareholder base with the energy system and demand-side response. largely dependent on volatile renewable energy sources such as wind and sun. a European-oriented party, that will continue to enable us to drive integrated network development, planning and This presents the framework of our work in the coming As we transition to a sustainable, reliable and affordable CO2-free energy system, the tried and trusted methods and solutions we applied during the past 20 years, operations across borders and facilitates a uniform, years, something that we feel very passionate about. functional management of the entire company. We expect to We need everyone at TenneT as well as all the partners with will not sustain us in the decades ahead. reach a satisfactory solution on this before the end of 2020. whom we drive the energy transition, to pull this off together. We will also practise what we preach, with a comprehensive With much investment and innovation required to deliver plan to reduce our own carbon footprint and build our new energy solutions, the bill will rise in the foreseeable reputation as a green grid operator. We bring expertise and experience, but we don’t have all We share a degree of concern about the affordability of future, whether funded through tariffs or taxes. Although the answers. We need to transform the way we collaborate, the energy transition and the social acceptance that goes our share of consumers’ electricity bills is relatively low Clearly, the pressure on us and our partners to deliver, to make decisions and solve problems to navigate the with it. It’s primarily funded with public money – through (less than 10%), the costs of the necessary investments perform, is high. This does not mean that haggling with an challenging times ahead. Being open and honest about taxes and energy tariffs. It can sometimes be difficult to in high-voltage networks will increase and we want to be important theme such as security is acceptable. Working these challenges is important to find the best way forward explain why the energy transition requires such enormous as prudent as possible about how we invest our money. safely, where everyone can come home healthy in the in partnership with others. investments. Even though sun and wind come for free, evening, simply is a prerequisite in everything we do and we harnessing their power for society’s ever-growing Although major expansions of our onshore and offshore require the same dedication from our partners when it Last year exemplified the scale of change. It was a pivotal appetite for electricity is technically challenging and costly.
Recommended publications
  • Public Participation and Transparency in Power Grid Planning
    Public Participation and Transparency in Power Grid Planning Recommendations from the BESTGRID Project Handbook – Part 1 BESTGRID PARTNERS Transmission System Operator (TSO) Partners Natagora asbl www.natagora.be 50Hertz Transmission GmbH Julien Taymans (Waterloo-Braine l'Alleud project) www.50hertz.com [email protected] Dr Dirk Manthey, [email protected] Phone: +32 (0) 81 390 720 Phone: +49 (0) 30 5150 3419 98 rue Nanon, B-5000 Namur Eichenstr. 3A, D-12435 Berlin German Environment Aid (DUH) Elia System Operator NV www.duh.de www.stevin.be Liv Becker (Suedlink / Bertikow-Pasewalk) Jeroen Mentens (Stevin project) [email protected] [email protected] Phone: +49 (0) 30 2400 867 98 Phone: +32 (0) 2 546 7957 Hackescher Markt 4, D-10178 Berlin Christophe Coq (Waterloo-Braine l'Alleud project) Germanwatch e.V. [email protected] www.germanwatch.org Phone: +32 (0) 2 382 2334 Leon Monnoyerkaai 3, B-1000 Brussels Rotraud Hänlein, [email protected] Phone: +49 (0) 30 2888 356 83 National Grid Stresemannstr. 72, D-10963 Berlin www.nemo-link.com International Institute for Applied Systems Analysis (IIASA) Phil Pryor, [email protected] www.iiasa.ac.at Phone: +44 (0)7795 641 431 Warwick Technology Park, Gallows Hill, Warwick, Joanne Linnerooth-Bayer, [email protected] UK-CV346DA Dr Nadejda Komendantova, [email protected] Phone: +43 (0) 676 83 807 285 TenneT TSO GmbH Schlossplatz 1, A-2361 Laxenburg www.suedlink.tennet.eu Marius Strecker, [email protected] Naturschutzbund Deutschland (NABU) Phone: +49 (0) 921 50740 4094 www.nabu.de Bernecker Str.
    [Show full text]
  • Facts and Figures 2019
    Contact and imprint Facts Publisher Design 50Hertz Transmission GmbH Heimrich & Hannot GmbH and Figures Heidestrasse 2 10557 Berlin Images T +49 30 5150 0 50Hertz 2019 F +49 30 5150 2199 Jan Pauls info@ 50 hertz.com Frank Wölffing Board of Management Printing Stefan Kapferer (CEO) PocketPlaner Dr. Frank Golletz (CTO) FP Werbung GmbH Dr. Dirk Biermann (CMO) Marco Nix (CFO) Sylvia Borcherding (CHRO) 50hertz.com For a successful energy transition in a sustainable world You can find our sustainability report online at csr.50hertz.com enmark About us Our tasks nerginet Key figures In the north and east of Germany, cleswig-olstein we operate the high voltage grid Lubmin Value TenneT reliably ensuring electricity supply Market facilitation – Gstrow GRID-RELATED KEY FIGURES WESTE for around 18 million people. EI CETE NORTHE 2 We are part of the amburg EI CETE Grid area 109,702 km TenneT European integrated Our grid with voltage levels of 150 kilo- Our locations Total lenghts of lines market. (equivalent to power 10,490 km volt (kV), 220 kV and 380 kV extends P circuit length) thereof overhead lines 380 kV 7,250 km over a circuit length of 10,490 km. 50Hertz Netzquartier Eastern Regional Centre Lower axony Poland CET We deliver the (Headquarters) Sigmund-Bergmann-Str. 1 EI CETE thereof overhead lines 220 kV 2,607 km 50ert-Netquartier Heidestrasse 2 03222 Lübbenau/ BerlinCarlottenburg Neuenagen At our eleven locations, over 1,100 infrastructure of bei Berlin thereof sea cables 220 kV 290 km 10557 Berlin Spreewald employees ensure that electricity the future TenneT Wolmirstedt thereof sea cables 150 kV 270 km flows around the clock in Berlin, Service location Röhrsdorf Trusteeship – Northern Regional Centre thereof underground cables 73 km Brandenburg, Hamburg, Mecklen- WESTE Lbbenaupreewald Substations and switching We transparently integrate Rostocker Chaussee 18 Southern Regional Centre EI CETE 74 burg-Western Pomerania, Saxony, stations (number) renewable energies 18273 Güstrow Zentrales Umspannwerk 8 Saxony-Anhalt and Thuringia.
    [Show full text]
  • Electricity Systems and Markets) EDF R&D
    European system with an efficient coordinated use of flexibilities for the integration of a large share of RES Vera Silva Research program director « Electricity systems and markets) EDF R&D EU-SysFlex overall objective EU SysFlex objective is to contribute to developing a market design and regulation framework able to foster the development of innovative flexibility approaches to address the technical shortfalls of a European system with high RES. These innovative approaches cover both the technical capability for providing the right flexibilities and system services and the ability of TSOs to integrate these into system and network operation. EU-SysFlex will make a major contribution to a cost effective system transformation to meet EU world leading RES objectives Three pillars of EUSysFlex approach System needs TSO driven Whole system driven Technical shortfalls Economic shortfalls Market driving innovation to respond to system needs Demonstrations/ Scalability Market design and Replicability/ TSO Services/ Products/ enhancement & operations simulation Procurement/Remuneration regulation evolution Flexibility Roadmap – Implementation and exploitation Scalability and System Implementation Exploitation of results replicatbility benefits Roadmap business creation EU SysFlex will provide a significant improvement of EU innovation capacity by combining “top-down” and “bottom- up” approaches to flexibility enabled by a strong consortium - Cost effective enhancement of flexibility and system services capability - new approaches and tools
    [Show full text]
  • Dansk Energi Brev
    To: Energinet Astrid Buhr Broge [email protected] [email protected] Dok. ansvarlig: CAC Sekretær: Sagsnr: s2013-388 Doknr: d2021-22033-1.0 30. august 2021 Energinet consultation on the methodology for procurement of counter- trade energy Dansk Energi welcomes Energinet’s consultation on the methodology for procurement of so-called countertrade energy. Energinet has highlighted several issues driving the proposed methodology over the past year. However, the central task of a TSO is not to arrange a border specific market setup according to cli- mate effects or according to the costs of specific market dispatches. The central task of a TSO is to facilitate markets that provides correct price and investments signals in compliance with EU-regulation. Energinet’s proposed methodology seeks to address an internal German issue – lack of capacity in TenneT’s transmission grid – which has previously resulted in heavy reduction of capacity on the Dan- ish-German border. While this was solved with the Joint Declaration and Tennet Commitments in 2017-2018, Energinet’s proposed methodology rolls back these advances. The proposed methodology will sustain a distorted day-ahead market price formation in Denmark, an intraday market in DK1 with no export capacity towards Germany and an intraday market in Denmark where Energinet directly or through a third party is by far the largest market participant. These are not efficient elements in a well-functioning wholesale market and Dansk Energi does not consider it compliant with EU-regulation, nor do we consider it a proportional solution to address the internal German grid congestion. At this stage, Dansk Energi would like to highlight the following concerns and objections: 1.
    [Show full text]
  • System Plan 2018 – Electricity and Gas in Denmark 2 System Plan 2018
    SYSTEM PLAN 2018 – ELECTRICITY AND GAS IN DENMARK 2 SYSTEM PLAN 2018 CONTENTS 1. A holistic approach to electricity and gas planning ......................................3 1.1 Energinet’s objectives and the political framework .............................................. 3 1.2 New organisation ............................................................................................................. 4 1.3 Analysis and planning .................................................................................................... 5 1.4 Research and development .......................................................................................... 8 1.5 Environmental reporting ..............................................................................................10 1.6 Energy efficiency ............................................................................................................11 2. Electricity .........................................................................................................16 2.1 Security of electricity supply ......................................................................................17 2.2 Resources to safeguard balance and technical quality ......................................22 2.3 Cooperation with other countries ..............................................................................24 2.4 Cooperation with other grid operators ....................................................................29 2.5 Planning for conversion and expansion of electrical installations
    [Show full text]
  • System Operation Stakeholders Committee
    System Operation Stakeholders Committee Materials for meeting 16th September 2020 1.1 Review of the Agenda Time Agenda Topics Documents Lead 1. Opening Uros Gabrijel 13:30-13:35 1.1 Review of the agenda Agenda 13:35-13:45 1.2 Review and approval of minutes from previous meeting Minutes 13:45-13:55 1.3 Review of actions Slides Ana Cigaran 13:55-14:15 2. Update on the implementation actions at pan-EU level Slides Ana Cigaran 3. System Operation Guideline Slides 14:15-14:30 3.1 Cost Benefit Analysis for FCR providers by Limited Energy Reservoirs: Luca Ortolano Status update 3.2 Information on Exchange\Sharing of reserves 14:30-15:00 Mohamed El Jafoufi 15:00-15:15 4. CGM Program Implementation Update Derek Lawler 15:15-15:45 5. NC ER Implementation update Slides Rafal Kuczynski 5.1 Update on TCM Status according to Art. 4. 6. Information on Low frequency Pump disconnection & energy storage units Rafal Kuczynski\Walter Sattinger 15:45-16:00 6.1 Why low frequency pump disconnection is triggered at different frequencies across Europe? 6.2 Outlook on the plans for the energy storage units 16:00-16:15 16:15-16:30 7. AOB – Next meeting 9th December Uros Gabrijel 2 1.3 Review of actions Ana Cigaran 3 1.3 Review of actions (I) ACTION ANSWER STATUS 1. Note for future SO GL active library to include pre- Preparation for SO GL Active Library Open qualification process aFRR, mFRR, RR. is in good progress both for the Digital and content part.
    [Show full text]
  • Tennet's Annual Market Update 2020
    Annual Market Update 2020 Electricity market insights 7 April 2021 Introduction Introduction Annual Market Update 2020, an electricity market review focused on the Netherlands and Germany, including wider European trends Main findings This Annual Market Update (AMU) is focussed on relevant developments on the Central Western European electricity markets, and the Dutch and German electricity markets in particular. This is the third edition of the Wholesale market prices TenneT Annual Market Update. Previous editions of the AMU and its predecessor the TenneT Market Review can be found here. Fuel prices & The developments in the Annual Market Update are structured alongside several main topics: generators • The chapter Wholesale market prices discusses wholesale day-ahead and identifies price trends. • As our electricity system is still highly dependent on fossil-fuelled power, the chapter Fuel prices describes Capacity & developments in hard coal, natural gas and emission allowance prices, as well as the margins for generators. generation • The chapter Capacity & generation focuses on the supply side of the electricity system and discusses developments in installed capacity and generation. RES support • Support for renewables in the Dutch and German system are discussed in the chapter RES support schemes, schemes by looking at budget distribution, awarded capacity and generation in the subsidy schemes. • In the chapter Wholesale market integration the storyline zooms out and includes the interactions of the Dutch Wholesale market and German electricity system with neighbouring systems. Additionally, the ongoing efforts of coupling EU integration electricity markets are discussed in this chapter. • The last two chapters focus on mechanisms in place to ensure the stability and functioning of the electricity system for both the Netherlands and Germany: Balancing measures, to ensure supply and demand is equal at Balancing all times; and redispatch measures, to resolve congestion in the grid.
    [Show full text]
  • Constructing Viking Link: How the Infopower of Cost-Benefit Analysis As a Calculative Device Reinforces the Energopower of Transmission Infrastructure
    Aalborg Universitet Constructing Viking Link How the Infopower of Cost-benefit Analysis as a Calculative Device Reinforces the Energopower of Transmission Infrastructure Hasberg, Kirsten Published in: Œconomia ••– History / Methodology / Philosophy DOI (link to publication from Publisher): 10.4000/oeconomia.9722 Creative Commons License CC BY-NC-ND 4.0 Publication date: 2020 Document Version Publisher's PDF, also known as Version of record Link to publication from Aalborg University Citation for published version (APA): Hasberg, K. (2020). Constructing Viking Link: How the Infopower of Cost-benefit Analysis as a Calculative Device Reinforces the Energopower of Transmission Infrastructure. Œconomia ••– History / Methodology / Philosophy, 10(3), 555-578. https://doi.org/10.4000/oeconomia.9722 General rights Copyright and moral rights for the publications made accessible in the public portal are retained by the authors and/or other copyright owners and it is a condition of accessing publications that users recognise and abide by the legal requirements associated with these rights. ? Users may download and print one copy of any publication from the public portal for the purpose of private study or research. ? You may not further distribute the material or use it for any profit-making activity or commercial gain ? You may freely distribute the URL identifying the publication in the public portal ? Take down policy If you believe that this document breaches copyright please contact us at [email protected] providing details, and we will remove access
    [Show full text]
  • Holistic Approach to Offshore Transmission Planning in Great Britain
    OFFSHORE COORDINATION Holistic Approach to Offshore Transmission Planning in Great Britain National Grid ESO Report No.: 20-1256, Rev. 2 Date: 14-09-2020 Project name: Offshore Coordination DNV GL - Energy Report title: Holistic Approach to Offshore Transmission P.O. Box 9035, Planning in Great Britain 6800 ET Arnhem, Customer: National Grid ESO The Netherlands Tel: +31 26 356 2370 Customer contact: Luke Wainwright National HVDC Centre 11 Auchindoun Way Wardpark, Cumbernauld, G68 Date of issue: 14-09-2020 0FQ Project No.: 10245682 EPNC Report No.: 20-1256 2 7 Torriano Mews, Kentish Town, London NW5 2RZ Objective: Analysis of technical aspects of the coordinated approach to offshore transmission grid development in Great Britain. Overview of technology readiness, technical barriers to integration, proposals to overcome barriers, development of conceptual network designs, power system analysis and unit costs collection. Prepared by: Prepared by: Verified by: Jiayang Wu Ian Cowan Yongtao Yang Riaan Marshall Bridget Morgan Maksym Semenyuk Edgar Goddard Benjamin Marshall Leigh Williams Oluwole Daniel Adeuyi Víctor García Marie Jonette Rustad Yalin Huang DNV GL – Report No. 20-1256, Rev. 2 – www.dnvgl.com Page i Copyright © DNV GL 2020. All rights reserved. Unless otherwise agreed in writing: (i) This publication or parts thereof may not be copied, reproduced or transmitted in any form, or by any means, whether digitally or otherwise; (ii) The content of this publication shall be kept confidential by the customer; (iii) No third party may rely on its contents; and (iv) DNV GL undertakes no duty of care toward any third party. Reference to part of this publication which may lead to misinterpretation is prohibited.
    [Show full text]
  • The Role of Innovative Grid-Impacting Technologies Towards the Development of the Future Pan-European System: the Gridtech Project
    21, rue d’Artois, F-75008 PARIS C1-213 CIGRE 2014 http : //www.cigre.org The role of innovative grid-impacting technologies towards the development of the future pan-European system: the GridTech project A. L’Abbate 1, R. Calisti, A. Zani (RSE SpA, Italy) H. Auer 2, G. Koerbler, G. Lettner (EEG TU Wien, Austria) P. Frias, L. Olmos, C. Fernandes (IIT UP Comillas, Spain) T. Maidonis (WIP GmbH, Germany) S. Vitiello, G. Fulli (EC - JRC, The Netherlands) G. Schauer (Verbund, Austria) S. Sulakov 3, A. Andreev, M. Ivanov (ESO EAD, Bulgaria) A. Mansoldo (EirGrid plc, Ireland) C. Vergine, P. Tisti, O. D’Addese, A. Sallati (Terna Rete Italia SpA, Italy) K. Jansen, R. van Houtert, J. Bos (TenneT TSO BV, The Netherlands) B. Heyder (EnBW AG, Germany) L. Radulov (BSERC, Bulgaria) J. Wolpert (TransnetBW GmbH, Germany) SUMMARY For the achievement of the European Union’s ambitious renewable energy targets for 2020 and beyond, extensive electricity system planning and investments are necessary. This covers electricity generation capacity, transmission networks, and supporting technologies and measures that will ensure clean, secure and efficient energy supply. Within this framework, the European project GridTech mainly aims at conducting a fully integrated assessment of new grid-impacting technologies and their implementation into the European electricity system. This will allow comparing different technological options towards the exploitation of the full potential of future electricity production from renewable energy sources (RES), with the lowest possible total electricity system cost. Within the 2020, 2030 and 2050 time horizons, the goal is to assess where, when, and to which extent innovative technologies could effectively contribute to the further development of the European transmission grid, fostering the integration of an ever-increasing penetration of RES generation and boosting the creation of a pan-European electricity market, while maintaining secure, competitive and sustainable electricity supply.
    [Show full text]
  • Voorstel Tennet TSO Artikel 51 Lid 2
    Openbaar xenne Taking power furt VERZONDEN 17 ^ ^ Postbus 718, 6800 AS Arnhem, Nederland DATUM 17 juni 2019 Autoriteit Consument en Markt UW REFERENTIE T a v. de heerdr F J.H. Don ONZE REFERENTIE REC-N 19-038 Postbus 16326 BEHANDELD DOOR 2500 BH DEN HAAG TELEFOON DIRECT E-MAIL @tennet.eu TE19015232 BETREFT Voorstel van asynchroon gekoppelde ISO's o.b.v. GL EB artikel 50(4) en 51(2) Geachte heer Don, Hierbij ontvangt u twee voorstellen die door de gezamenlijke asynchroon gekoppelde ISO's zijn opgesteld op basis van de artikelen 50(4) en 51(2) van de Verordening (EU) 2017/2195 van 28 november 2017 tot vaststelling van richtsnoeren betreffende elektriciteitsbalancering (op basis van de Engelse titel afgekort als: GL EB). Het betreft: • "All asynchronously connected TSOs’ proposal for Common settlement rules for intended exchanges of energy between synchronous areas as a result of the frequency containment process and of ramping re- strictions in accordance with the Article 50(4) of Commission Regulation (EU) 2017/2195 of 23 Novem- ber 2017 establishing a guideline on electricity balancing" d.d. 18 juni 2019; • "All asynchronously connected TSOs' proposal for Common settlement rules for all unintended ex- changes of energy between synchronous areas in accordance with the Article 51(2) of Commission Regulation (EU) 2017/2195 of 23 November 2017 establishing a guideline on electricity balancing" d.d. 18 juni 2019. Het bijbehorende explanatory document za\ zo spoedig mogelijk worden nagezonden. De voorstellen bevatten geen vertrouwelijke gegevens en kunnen integraal door u gepubliceerd worden. U wordt verzocht deze voorstellen goed te keuren krachtens artikel 5, eerste lid, van de GL EB.
    [Show full text]
  • Decision Norned 101783 2
    Public Version – this is a non-certified translation (leading is the original decision in Dutch, Netherlands Government Gazette of 23 December 2004, No. 248, page 17) Office of Energy Regulation DECISION Number: 101783_2-76 Subject: Decision on the application by TenneT for permission to finance the NorNed cable in accordance with section 31 (6) of the Electricity Act of 1998 This decision consists of the following parts: I. TenneT’s application 1 II. Public preparation 2 III. Consultation with TenneT and the Norwegian authorities 3 IV. Legal context 4 V. Utility of interconnector capacity 4 VI. Opinions received 6 VII. Assessment grounds 9 VIII. Socio-economic assessment of the application 9 IX. Market coupling 17 X. Incentives for TenneT 18 XI. Decision 21 Annex A: Conditions Annex B: Accounting Rules 1. On 31 August 2004, the Director of the Office of Energy Regulation (hereinafter "the Director of DTe") received a written application from TenneT B.V., the manager of the national high- voltage grid (hereinafter "TenneT"). In the application, TenneT requests permission to finance a high-voltage cable between the Netherlands and Norway (hereinafter "the cable") using the revenues, as referred to in section 31 (6) of the Electricity Act 1998 (hereinafter "the Electricity Act"). 2. TenneT and the Norwegian grid manager, Statnett SF (hereinafter "Statnett") intend to construct a high-voltage cable between the Netherlands and Norway (also referred to as the ‘NorNed cable’ or the ‘NorNed project’) and, by doing so, to create a direct connection between both high-voltage grids. According to the application, the cable has a length of 1 Public Version – this is a non-certified translation (leading is the original decision in Dutch, Netherlands Government Gazette of 23 December 2004, No.
    [Show full text]