Download Trade nuances of electricity market in Lithuania

Trade nuances of electricity market in
Lithuania
1st
Jurmala
of October 2010
Erikas Miliukas
Head of Electricity Import-Export Division
1
Balance districts
AB “Lietuvos energija” balance districts:
–
–
–
–
Kruonis PSP (plan vs fact = imbalance)
Kaunas Hydroelectric Power Plant (plan vs fact = imbalance)
Import – export (plan vs fact = imbalance)
Production and consumption (plan vs fact = imbalance)
2
Import – export possibilities
3
Trade scheme in Lithuania
Exporters
Importers
Exchange
Turnover fee
Nordpool (Spot)
Market operator
Trade platform
Producers
Balance providers
4
Trade scheme for Lithuania in Estlink
price area
Exporters
Importers
Exchange
Turnover fee
Nordpool (Spot)
Market operator
Trade platform
Producers; Independent suppliers; Balance providers
Example:
Producer acts as an exporter and willing to sell electricity into Estlink price area:
• It places bids into LT exchange (showing the export from LT) and at the same time it places bids with the same quantity into
Estlink price area. The time of placing bids in Baltpool and Estlink is the same as it is also the same of getting results from both
exchanges.
• If all quantity has been sold in Estlink price area there is no problem.
• If all quantity has not been sold in Estlink (only part of it) LT producers gets imbalance for difference between export shown in
Baltpool and sold quantity in Estlink.
5
Estlink price area
Explicit auction influence to Lithuanian traders
Explicit auction
Congestion management (explicit auction)
between EE-LV cross border is another
unpredictable matter for traders in LT
If we have demand or supply in Estlink price
area LT traders cannot fully participate and
fulfill these needs because of explicit
auction
LT traders must cover risk of imbalance
sanction not only from trading side but also
from cross border capacities.
Trade platform
Market operator
Turnover fee
Exporters
Importers
Producers; Independent suppliers; Balance providers
6
Bilateral trade in Lithuania
•
•
•
Example:
Bilateral trade in Lithuania is divided into two graphics:
– Base load 24 hours
– Peak load 12 hours
All deviations from that graphic must be sold via exchange (Baltpool)
Bilateral trade graphics in Lithuania must be agreed between trader and Baltpool in D-2 principle
Trading scheme - base load
Hour
Capacity
Trading scheme - peak load
Sells via
exchange
Date
Hour
Capacity
Base load Peak load Sells via
capacity capacities exchange
0-1
145
145
0
0-1
145
145
0
0
1-2
145
145
0
1-2
145
145
0
0
2-3
145
145
0
2-3
145
145
0
0
3-4
145
145
0
3-4
145
145
0
0
4-5
145
145
0
4-5
145
145
0
0
5-6
145
145
0
5-6
145
145
0
0
190
0
170
20
6-7
190
145
45
6-7
7-8
240
145
95
7-8
240
0
170
70
8-9
270
145
125
8-9
270
0
170
100
9-10
280
145
135
9-10
280
0
170
110
10-11
280
0
170
110
11-12
280
0
170
110
12-13
280
0
170
110
13-14
280
0
170
110
14-15
280
0
170
110
15-16
280
0
170
110
16-17
230
0
170
60
17-18
170
0
170
0
18-19
145
145
0
0
19-20
145
145
0
0
20-21
145
145
0
0
21-22
145
145
0
0
22-23
145
145
0
0
145
145
0
0
10-11
280
145
135
11-12
280
145
135
12-13
280
145
135
13-14
230
145
85
14-15
170
145
25
15-16
145
145
0
16-17
145
145
0
17-18
145
145
0
18-19
145
145
0
19-20
145
145
0
20-21
145
145
0
21-22
145
145
0
22-23
145
145
0
23-24
145
145
0
Exchange
(Baltpool)
2010.01.01
2010.01.01
Date
Base load
capacity
23-24
7
Thanks for attention
8