Long-Term Capacity Calculation Project Update and Future Directions
Explore the latest developments and future plans for the Long-Term Capacity Calculation project, including decisions by regulatory bodies, challenges, and the way forward for Nordic and Core TSOs. Learn about the initiatives aimed at providing long-term cross-zonal hedging opportunities for market participants on all EU borders. Stay informed about the planned amendments, implementation timelines, and the focus on effective long-term cross-zonal trade arrangements.
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Presentation Transcript
MESC meeting FCA topics
LTFBA project update LTFBA project background Oct. 2019 Nov. 2021 Nov. 2022 Jan. 2023 Mar. 2023 Aug. 2023 Dec. 2023 May 2023 Mar. 2024 ACER's Decision 16/2019 on Nordic LT CCM ACER's Decision 14/2021 on Core LT CCM All TSO s Proposal for amendments of SAP ACER's Decision 03/2022 on Core LT CCM (upon PSE appeal) ACER's Decision 05/2023 on SAP methodology All TSO s Proposal for amendments of HAR ACER's Decision 18/2023 on HAR methodology 1stSimulation results (preliminary) 2ndSimulation results (based on final allocation algorithm) + Implementation challenges As informed in MESC in February 2024, both the challenges for a timely implementation in November 2024 and the latest simulation results (with lower capacity allocation & low allocation in some BZBs) led to the TSOs to trigger conceptual assessments on the way forward. 2
LTFBA project update LTFBA way forward Nordic TSOs are: 1. implementing the Nordic Long-Term Capacity Calculation Methodology by the end of the year 2025 to provide the coordinated long-term capacity calculation results for year 2026; 2. implementing the fallback solution (ATC Extraction) for calculating long-term cross-zonal capacities (Article 19). 3
LTFBA project update LTFBA way forward Core TSOs are: 1. delivering a scenario-based flow-based coordinated capacity calculation solution with ATC extraction; 2. preparing amendments and implementing the Core Long-Term Capacity Calculation Methodology to deliver coordinated NTC values by November 2025 (for 2026 yearly auction). 4
LTFBA project update Expected way forward with the aim of providing LT cross-zonal hedging opportunities for market participants on all EU borders Q4 2024-Q1 2025 Q1-Q2 2025 Q1-Q2 2025 Q4 2025 Prepare amendments of the current methodology framework (regional and pan-EU methodologies All TSO s Proposal for amendments of HAR/SAP Core TSO s Proposal for amendments of regional methodologies Implementation for go-live in 2025 (2026 yearly auction) All TSOs and both regions will continue to promote the most effective long-term cross-zonal trade arrangements with long-term cross-zonal hedging opportunities for market participants on all EU borders. All TSOs are working on amending the EU-wide methodologies until Q1 2025 mandating All TSOs to support the Flow-Based capacity calculation implementation. LTTR allocation based on parameters from the 2 Long-Term Flow-Based capacity calculation are to be implemented by November 2025, through ATC extraction. 5
