user compensation for nec storage curtailment draft proposal
Download
Skip this Video
Download Presentation
User Compensation for NEC Storage Curtailment – Draft Proposal

Loading in 2 Seconds...

play fullscreen
1 / 6

User Compensation for NEC Storage Curtailment – Draft Proposal - PowerPoint PPT Presentation


  • 97 Views
  • Uploaded on

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

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' User Compensation for NEC Storage Curtailment – Draft Proposal' - irina


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
user compensation for nec storage curtailment draft proposal

User Compensation for NEC Storage Curtailment – Draft Proposal

Transmission Workstream 14/12/2005

slide2
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

ad