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Project slides for 6 May meeting.

Project slides for 6 May meeting. Where do we go with Investment project? Investment project works on results by 14.09.2010. Focus on implementing policy advice 2010 Progress of regional projects monitored for ad-hoc action RCC (all rec)

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Project slides for 6 May meeting.

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  1. Project slides for 6 May meeting.

  2. Where do we go with Investment project?Investment project works on results by 14.09.2010 • Focus on implementing policy advice 2010 • Progress of regional projects monitored for ad-hoc action RCC (all rec) • Regulators address stranded asset risk discussion via exchange letters (rec 1) • Share Regulatory best practices on re-numeration via input to FGL tarification (rec 2) • TSO’s clarify investment prerequisites via website publications (rec 4); Regulators clarify GRI NW view on scope of regional plan Anchoring risk/reward balance dialogue beyond 2010

  3. We ask for your explicit support to Policy advice as we need yoursupport on (regulatory) risk debate in Rec 1. Rec. 1 ensures that TSO know how national regulatory system discloses risk sharing of stranded assets between involved parties • Project leaders informal summary dilemma. Proven via legal analysis first wheel to tune Rec. 4 ensures that TSO makes very clear in advance under which conditions she/he will invest Anchoring risk/reward balance dialogue beyond 2010 Rec. 2 ensures that TSO know how national regulatory system addresses that efficient investments are reimbursed now and in future

  4. Closing remarks on implementing sensitive recommendation 1 by project leader: No “blank” cheques to TSOs, BUT.. A cheque with “defined ex-ante revision criteria” … Pro’s “cheque” • Asymmetric risk of underinvestment • Still legal obligation in art 3 of Ro. 1775/2005 to “stimulate” investment in tariffs (art 13 of Ro. 715/2009) • So we should define in each regime stranded asset risk sharing mechanisms and (where appropriate) risk premiums as NRA, but… Pro’s “defined ex-ante revision criteria” • Information asymmetry: best information on risk always with TSO • Therefore, communicate in advance conditions under which we might re-open the comfort we defined Under which conditions do we have your support for implementation in 2010?

  5. Annex slide for 6 May meeting.

  6. Legal analysis summary (NRAs in random order) Recommendation 1 most challenging and therefore requiring policy level support

  7. Explanatory note on used symbols at legal analysis summary : +/- There maybe an issue. Depends on implementation ++ Major support + No issue + ! No issue but care needed with implementation Minor issue - - law change needed “R. x” The references in the presentation to the 7 recommendations – for full text see project documentation.

  8. Project slide for 7 May meeting.

  9. Investment work - key to success is small steps.. How do you eat an Elephant? • Investment project works on results by 14.09.2010 • Focus on implementing policy advice 2010 • Progress of regional projects monitored for ad-hoc action RCC (all rec) • Regulators address stranded asset risk discussion via exchange letters (rec 1) • Share Regulatory best practices on re-numeration via input to FGL tarification (rec 2) • TSO’s clarify investment prerequisites via website publications (rec 4); Regulators clarify GRI NW view on scope of regional plan In small pieces…. Anchoring risk/reward balance dialogue beyond 2010

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