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TITRE

ACER Long-Term Rights Task Force Current status of the discussion with ENTSO-E. TITRE. Harmonised Auction Rules. The CAO-CASC initiative and ENTSO-E’s proposal .

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TITRE

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  1. ACER Long-Term Rights Task Force Current status of the discussion with ENTSO-E TITRE

  2. Harmonised Auction Rules The CAO-CASC initiative and ENTSO-E’s proposal • In November 2013, “the [Florence] Forum expects the concerned [CAO-CASC] TSOs to harmonise the auction rules by the end of 2014 under the coordination of ENTSO-E, and to harmonise the necessary IT tools.” • Timings in line with NRAs’ expectations but limited scope • On 10 January AESAG meeting, ENTSO-E proposed a roadmap to deliver European Harmonised Auction Rules: • Principle drafting phase up to June 2014 • Auction rules drafting from July 2014 up to June 2015 • NRA approval process from July 2015 for entry into force 1st January 2016 • ENTSO-E will involve NRAs and market participants all along the process • Scope in line with NRAs’ expectations but delayed timings In line with the discussions on the FCA NC, NRAs agreed that the only viable option is to support the ENTSO-E plan NRAs will monitor ENTSO-E’ progress to make sure the harmonised auction rules are delivered on time.

  3. Harmonised Auction Rules Principle drafting phase • ENTSO-E shared its first input focused on accession principles and asked for guidance on two elements: the requirement of being a Balancing Responsible Party NRAs share the view that ENTSO-E should investigate how to remove the necessity of being BRP for participating to long-term capacity auction the harmonisation of TSOs designation NRAs support ENTSO-E’s proposal to conduct a cost-benefit analysis to identify the best way forward regarding the harmonisation of the TSO designation process.

  4. Other topics related to forward Multi-yearly hedging products • ENTSO-E prepared a note on this topic. NRAs agree with ENTSO-E on the list of elements to look at when issuing multi-yearly hedging products but there are diverging views on ENTSO-E’s assessment of these elements. TSO capacity buy-back schemes • ENTSO-E also prepared a note on this topic. Most NRAs were skeptical about the potential benefits of introducing such schemes. NRAs have requested further information to Eurelectric/EFET which are in favor of such schemes.

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