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0291 – NTS Licence Special Condition 27 – Balancing Arrangements

0291 – NTS Licence Special Condition 27 – Balancing Arrangements. Transmission Workstream 6 th May 2010. Contents. Background Introduction to Review Group 0291 Next Steps. Background to Review Group 0291. History

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0291 – NTS Licence Special Condition 27 – Balancing Arrangements

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  1. 0291 – NTS Licence Special Condition 27 – Balancing Arrangements Transmission Workstream 6th May 2010

  2. Contents • Background • Introduction to Review Group 0291 • Next Steps

  3. Background to Review Group 0291 • History • Development of a Linepack product has been muted previously as a means of valuing the flexibility within the pipeline • Current SMP Buy & Sell fixed differentials originally implemented in 2001 as a ‘short term’ solution in lieu of an ‘enduring’ solution • NTS Licence Standard Condition 27 • Introduced during recent SO incentive consultation to direct National Grid to develop / update the above

  4. Review Group 0291 • National Grid does not know the answer to the Linepack & Cashout ‘challenge’ • Review Group will provide a combined forum for the industry to; • Develop possible solutions • Analyse options, and • Recommend approach in response to Licence

  5. Next Steps • Review Group to run May – September 2010 • All industry parties encouraged to join (see upcoming JO invite ) • Final Report to UNC Panel (Sept) • Cashout • Modification Proposals (Oct) • Consultation (Nov) • Panel Consideration (Dec) • Ofgem Decision (Jan) • Implementation – 1st April 2011 • Linepack • Develop potential product 1st April 2011 • Implementation (if directed by Ofgem) 1st October 2011

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