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11 th Implementation Group Meeting 1 st March 2013

3. Update on status and implications of NWE intraday project (selection of the solution for the platform ). 11 th Implementation Group Meeting 1 st March 2013. 3. Update on status and implications of NWE intraday project. High level process

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11 th Implementation Group Meeting 1 st March 2013

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  1. 3. Update on status and implications of NWE intraday project (selection of the solution for the platform) 11th Implementation Group Meeting 1st March 2013

  2. 3. Update on status and implications of NWE intraday project • High level process • PXs have fixed 30 March as final date for platform selection. • At this stage we will know whether it is necessary to develop the ACER informal opinion • If PXs are able to agree, report the outcome to BoR. Subsequent endorsement will be required. • If PXs are unable to agree, inform BoR and start process for ACER informal opinion

  3. 3. Update on status and implications of NWE intraday project • The four high-level criteria of the ACER informal opinion • The bids will be evaluated according to four high-level criteria indicated by ACER • Performance - the platform must be able to cope with the requirements of TSOs, PXs and market participants • Adaptability – the platform must be able to evolve to meet the requirements of the European target model • Implementation time – the platform must be ready for implementation within a few months • Cost – the costs should be reasonable, proportionate and efficiently incurred, as well as transparent and auditable

  4. 3. Update on status and implications of NWE intraday project • At this stage, the ACER informal opinion process might be : • Some NRAs will act as an observer to the power exchange selection process. The role of the observer would be to provide an independent report back to ACER and regulators to assist with the process to develop the informal opinion. • The NWE Intra-day Cross Regional Coordination Committee Meeting will draft the opinion and recommend it to the ACER Coordination Group for ERI. • The ACER informal opinion will be recommended to the BoR in May (process still has to be clarified).

  5. 3. Update on status and implications of NWE intraday project • Timeline for the selection of the plateform

  6. 3. Update on status and implications of NWE intraday project • Implications for the SWE region • Even if there is a dependence with the selection of the common platform, the SWE regulators encourage TSOs and PXs to anticipate as much as possible the introduction of continuous trading between MIBEL and NWE as defined during the last IG meeting in May 2012. • The SWE regulators welcome the participation of TSOs and PXs of the region in the NWE intraday project so as to prepare the implementation of intraday continuous CB trade.

  7. Thank you for your attention Thank you for your attention!

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