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15 May 2017

Pöyry responds to ENTSO-E’s consultation on intraday pricing

Pöyry Management Consulting has submitted a response to a consultation on intraday pricing by ENTSO-E, the European TSO organisation.

The following extract is from Pöyry’s response:

We would argue that the de facto trading arrangements in place in most of Europe are not compliant with the legal requirement to allocate cross-zonal capacity between timeframes.  Instead, capacity is generally reserved for day-ahead trading, with intraday capacity treated as a residual; rather than being allocated appropriately based on its relative value in different timeframes.  We would further argue that the ENTSO-E proposals – if implemented in isolation – would forego the opportunity to resolve this shortcoming. 

Instead, our response argues that the ENTSO-E proposals should be combined with our proposed approach to provide a way of both pricing and allocating capacity between the timeframes for spot energy trading, ranging from day-ahead to real time.  This concept would support the development of energy options as a form of market instrument to trade and value flexibility products between different locations, as part of the overall transformation of our energy markets to support high levels of renewable generation.

The full response is now available to read.