Wednesday, July 24 2019 | Workshop · 7/24/2019 · PPT by DAPEEP, ADMIE, FOSETEK, HEnEx. July, 24th 2019 22 Day-Ahead Market D-2 D-1 D D+1 10:00 DAM GOT 09:25 Financial Limits Calculation

Wednesday, July 24th 2019 | Workshop

“Spot Market Business Model & Systems”

July, 24th 2019 2

Electricity Markets Overview

Day-Ahead Market Processes and Timeline

Intra-Day Market Processes and Timeline

July, 24th 2019 4

Year until Week D-1 D-1 until D Real-time during D

Energy Exchange / Market Operator

Energy Derivatives

Market

Long-term planning Hedging Speculation Yearly-quarterly-

monthly-weekly contracts

Day-Ahead Market

Main arena for trading power

Auction on D-1

Intraday Market

Auction and/or continuous trading

Usually accounts for 5-10% of spot transactions

Balancing Market

Balancing Capacity/Reserve Market

Close to real-time system operation

System Operator

July, 24th 2019 5

Year until Week D-1 D-1 until D Real-time during D

Energy Exchange / Market Operator

Energy Derivatives

Market

Long-term planning Hedging Speculation Yearly-quarterly-

monthly-weekly contracts

Day-Ahead Market

Main arena for trading power

Auction on D-1

Intraday Market

Auction and/or continuous trading

Usually accounts for 5-10% of spot transactions

Balancing Market

Balancing Capacity/Reserve Market

Close to real-time system operation

System Operator

July, 24th 2019 8

Market Participant

EnExClear

HEnEx

ADMIE

Orders

Trade confirmations

Ord

ers

Tech

nic

al

info

Dai

ly

sch

edu

le

Orders

Trade confirmations

Credit limits

Trade confirmations

General Clearing Member

Trades confirmations

Risk information

Settlement Bank

Target 2Settlement

Bank

Payment transfers

Market Participant

(Direct Clearing

Member)Trades confirmations

Risk information

Paymenttransfers

Payment transfer

Paymenttransfers

Paymenttransfers

July, 24th 2019 9

Derivatives Market Day-Ahead Market Intra-Day Market Balancing Market

Start: Y-n

Up to D-2

DAM Gate Opening TimeD-2@10:00

DAM Gate Closure TimeD-1@12:00

1st LIDA Gate Opening Time D-1@13:00

1st LIDA Gate Closure TimeD-1@15:00

1st ISPD-1@16:00

14:30

2nd LIDA Gate Opening TimeD-1@15:30

2nd LIDA Gate Closure TimeD-1@22:00

3rd LIDA Gate Opening TimeD@04:00

3rd LIDA Gate Closure TimeD@07:30

2nd ISPD-1@23:00

3rd ISP

D@09:30

July, 24th 2019 11

D-2 D-1 D D+1

16:00

Registration of Derivatives with Physical Settlement

Energy Derivatives Market

1. ATHEXClear submits the Net Positions of Futures with Physical Settlement

2. Participants enter the quantities of Bilateral OTC

July, 24th 2019 12

D-2 D-1 D D+1

NDP calculation16:00

16:00


Energy Derivatives Market

July, 24th 2019 13

D-2 D-1 D D+1



16:00

ADMIE submits LT-PRTs08:35 Interface between

Energy Derivatives Market and DAM

July, 24th 2019 14

D-2 D-1 D D+1



16:00

ADMIE submits LT-PRTs08:35

Nomination of Derivatives Quantities 09:00

Interface between Energy Derivatives Market

and DAM

July, 24th 2019 15

D-2 D-1 D D+1



16:00



Confirmation/notification of ETSS09:00


and DAM

1. Confirmation that fully cover the NDP2. Notification for further Nominations

July, 24th 2019 16

D-2 D-1 D D+1



16:00




Additional Nominations09:30


and DAM

July, 24th 2019 17

D-2 D-1 D D+1



16:00





Calculation of Mismatches09:30


and DAM

July, 24th 2019 18

D-2 D-1 D D+1



16:00





Calculation of Mismatches09:30

10:00 Information Report by HEnEx


and DAM

Energy quantities of trades on Energy Financial Instruments and Bilateral OTC

nominated in ETSS

July, 24th 2019 19

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

July, 24th 2019 20

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25

Financial Limits Calculation

July, 24th 2019 21

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

DAPEEP:

1. Forecasted quantities for RES FiT Portfolio

2. Forecasted quantities of HE CHP units

ADMIE:

1. Planned production of Generating Units is Commissioning or Testing Opeation

2. Mandatory Hydro Injections

3. Transmission Losses

FOSETEK:

1. Forecasted production of its portfolios

PPT by DAPEEP, ADMIE, FOSETEK, HEnEx

July, 24th 2019 22

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30


HEnEx:

1. PPT Sell Orders for declared quantities through Physical Delivery Nominations

2. PPT Buy Orders for declared quantities through Physical Offtake Nominations

July, 24th 2019 23

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT Publication of total amounts of PPTs in website


July, 24th 2019 24

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT


July, 24th 2019 25

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT


July, 24th 2019 26

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT

12:42

Preliminary Results Market Coupling Results:1. Market Clearing Prices per MTU2. Net Delivery Position of each BZ3. Acceptace ratios and status of Blocks


July, 24th 2019 27

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT

12:42

Preliminary Results

14:00

Information about the execution status of the Orders


July, 24th 2019 28

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT

12:42

Preliminary Results

14:00


14:00

Send DAM Results to Participants


July, 24th 2019 29

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT

12:42

Preliminary Results

14:00


14:00


14:00

Publication of DAM Results

Market Results:1. Aggregated and anonymized Sell and Buy curbes2. Statistics of the total number of submitted and accepted

Blocks, the sum of offered and accepted quantities3. MCP per BZ4. Aggregated Market Schedules per technology portfolio

and MTU, including imports and exports


July, 24th 2019 30

Day-Ahead Market

D-2 D-1 D D+1

10:00

DAM GOT

09:25


09:30

09:45

Publication of PPT

10:30

Validation GOT

12:00

DAM GCT

12:42

Preliminary Results

14:00


14:00


14:00

14:05Results sent to EnExClear

Publication of DAM Results


July, 24th 2019 32

Intraday Market – 1st LIDA

D-2 D-1 D D+1

13:00

PPT by DAPEEP, ADMIE, FOSETEK

July, 24th 2019 33


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

July, 24th 2019 34


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

July, 24th 2019 35


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

July, 24th 2019 36


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

15:00

1st LIDA GCT

July, 24th 2019 37


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

15:00

1st LIDA GCT

15:30

Publication of Results

July, 24th 2019 38


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

15:00

1st LIDA GCT

15:30



July, 24th 2019 39


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

15:00

1st LIDA GCT

15:30



15:45Update Financial Limits

July, 24th 2019 40


D-2 D-1 D D+1

13:00


13:00

Publication of PPT

13:00

1st LIDA GOT

14:45

IDM PTRs Results

15:00

1st LIDA GCT

15:30




13:001st ISP GOT

15:001st ISP GCT

16:001st ISPBalancing Market

July, 24th 2019 41

Intraday Market – 2nd LIDA

D-2 D-1 D D+1

15:302nd LIDA GOT

July, 24th 2019 42


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00


July, 24th 2019 43


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT


July, 24th 2019 44


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results


July, 24th 2019 45


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results

22:00

2nd LIDA GCT


July, 24th 2019 46


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results

22:00

2nd LIDA GCT

22:30



July, 24th 2019 47


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results

22:00

2nd LIDA GCT

22:30




July, 24th 2019 48


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results

22:00

2nd LIDA GCT

22:30





July, 24th 2019 49


D-2 D-1 D D+1

15:302nd LIDA GOT

16:00

16:00

Publication of PPT

21:45

IDM PTRs Results

22:00

2nd LIDA GCT

22:30





23:002nd ISPBalancing Market

July, 24th 2019 52

Intraday Market – 3rd LIDA

D-2 D-1 D D+1

04:003rd LIDA GOT

04:00

04:00

Publication of PPT

07:15

IDM PTRs Results

07:30

2nd LIDA GCT

08:00


08:00Results sent to HEnExClear



July, 24th 2019 53


D-2 D-1 D D+1

04:003rd LIDA GOT

04:00

04:00

Publication of PPT

07:15

IDM PTRs Results

07:30

2nd LIDA GCT

08:00


08:00Results sent to HEnExClear



09:303rd ISPBalancing Market

July, 24th 2019 54


D-2 D-1 D D+1

04:003rd LIDA GOT

04:00

04:00

Publication of PPT

07:15

IDM PTRs Results

07:30

2nd LIDA GCT

08:00





14:00

Publication of IDM Information

09:303rd ISPBalancing Market

Market Results:Aggregated Market Schedules per technology portfolio and MTU, including imports and exports

Documents

Wednesday, July 24 2019 | Workshop · 7/24/2019 · PPT by DAPEEP, ADMIE, FOSETEK, HEnEx. July, 24th 2019 22 Day-Ahead Market D-2 D-1 D D+1 10:00 DAM GOT 09:25 Financial Limits Calculation