European Federation of Energy Traders

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8th SG meeting

ERI South-West Europe

6th October 2014, Madrid

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Single nomination of IFE LT Transmission Rights

EFET welcomes the possibility of single nomination of Transmission

Rights.

This possibility should be applied in all timeframes.

Any nomination of capacity (to TSOs) should be independent from the

energy market transactions (through PXs or OTC).

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Intraday hybrid model

EFET strongly requests the implementation of ID continuous trading model

(IDC) with a direct nomination to the TSOs as soon as possible and this is the

preferred model.

Auctions in the ID market must not affect the IDC operation, namely, the

allocation of the capacity in the borders and firmness of IDC transactions, and

must be voluntary.

EFET also asks the Implementation Group for analyzing a possible transitory

solution to move the present Iberian ID model (6 auctions, closing around H-4)

closer to Real Time operation.

EFET supports a model with a voluntary Opening Auction to trade the energy

linked to the Ancillary Services allocated by the TSOs before starting the IDC.

Any further auction when IDC is already working, should not interrupt the IDC,

nor allocate interconnection capacity and must be voluntary.

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BALIT & TERRE

BALIT has been a relevant improvement in the development of cross-border

balancing mechanisms, but still with very few transactions.

EFET suggests a pilot project of a BSP-TSO model (alongside the TSO-TSO

model).

TERRE project has to define the new balancing products according to the

BC Network Code:

• Replacement Reserve

• Manual Frequency Restoration Reserve

Greater degree of stakeholder involvement needed

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