User compensation for nec storage curtailment draft proposal
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User Compensation for NEC Storage Curtailment – Draft Proposal PowerPoint PPT Presentation


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User Compensation for NEC Storage Curtailment – Draft Proposal. Transmission Workstream 14/12/2005. Aims. Appropriately compensate Users affected by Storage Curtailment Ensure that Users remain appropriately incentivised to contribute to the physical balance of the system

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User Compensation for NEC Storage Curtailment – Draft Proposal

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User compensation for nec storage curtailment draft proposal

User Compensation for NEC Storage Curtailment – Draft Proposal

Transmission Workstream 14/12/2005


User compensation for nec storage curtailment draft proposal

Aims

  • Appropriately compensate Users affected by Storage Curtailment

  • Ensure that Users remain appropriately incentivised to contribute to the physical balance of the system

  • Recognise that rights to the gas held in Storage remains with the User


Proposed compensation amount

Proposed Compensation Amount

SAP – (ASSAP + 0.0611p/kWh)

Where, ASSAP = Volume weighted average summer SAP for previous Gas Year

0.0611p is the mod 0433 derived minimum differential between SMPBuy and SMPSell

  • Compensates for the difference between the cost of getting summer gas to the winter NBP and the value of the gas on the day.


Effect on 0052 arrangements

Effect on 0052 arrangements

  • Removes the SWCQ Trade

  • Compensation claim available amount derived across whole period not for each individual curtailment event

  • Retains Curtailment Quantity Claim process (time extended to 04:00 on D)

  • Retains an after-the-day (storage allocation based) compensation adjustment mechanism.

  • Retains funding via Neutrality


Example

Example

User Injects 25 units between curtailment periods

1st Curtailment Period

2nd Curtailment Period


Example1

Example


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