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Operational method to use
Operational method secondary
market
12/01/2017
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public 2
Reminder: the
functionalities
3
Concerned points
• PIR Dunkirk
• PIR Taisnières B
• PIR Virtualys
• PIR Obergailbach
• PIR Oltingue
• North-South link
Transfer type
• Full transfer
• Right-of-use transfer
Capacity Secondary Market
What doesn’t change…
Dunkirk
Taisnières B
Obergailbach
OltingueNorth-
South link
Virtualys
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
4
Capacity Secondary Market
Capacity transfer procedure
• First Come First Served (FCFS)
• Over The Counter (OTC)
• Call For Orders (CFO)
Capacity type
• Firm capacity
• Interruptible capacity
Plateform
PRISMA: European Capacity Platform
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Trade proposal
• Offer to purchase or sale capacity which is offered on PRISMA by the Shipper
who initiates the trade (it can be posted or not)
• It can eitheir be approved or not by associated TSO(s):
GRTgaz approves all Trade Proposals which correspond to its network
Trade
• It is formed by the Trade Proposal and its associated response. All TSOs must
approve the Trades which correspond to their network
Definitions
Trade
proposal
Trade
...Response
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
Shipper
(initiator)Shippers
(counterpart)
6
Exchange procedures (1/3)
Trade
proposal
(*)
(*) Trade Proposal: Purchase offer or Sale offer
Shippers
(counterpart)
Non-public information on PRISMA
Public information on PRISMA
Trade
Trade
Finished
TSO(s)’s validation
First Come First Served (FCFS)
Response
1
Response
2
1
2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
Shipper
(initiator)
7
Exchange procedures (2/3)
Trade
proposal (*)
+ Counterparty
Validation
Trade
Trade
Finished
TSO(s)’s validation
Response
(*) Trade Proposal: Purchase offer or Sale offer
Non-public information on PRISMA
Public information on PRISMA
Over The Counter (OTC)Bilateral agreement concluded outside the plateform
Shipper
(initiator)
Shippers
(counterpart)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
8
Exchange procedures (3/3)
Trade
proposal (*)
Trade 1
Trade
Finished
TSO(s)’s validation
+ Response time
Tim
e p
erio
d
Trade
1
Trade
2
1
2
1
Response 1
Response 2
(*) Trade Proposal: Purchase offer or Sale offer
Non-public information on PRISMA
Public information on PRISMA Call For Orders (CFO)
Shipper
(initiator)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
Shippers
(counterpart)
9
Additional options (1/2)
Volume or Lot Size 100 MWh/d
Min Volume or Min
Lot Size50 MWh/d
Result
All response whose volume is included
between 50 & 100 will be taken into
account
Product or
RuntimeFrom April 1st to April 30th 2014
Min Product or Min
Runtime1 day
ResultAll response for a period of 1 or several
days will be taken into acccount
• Volume of capacity is pointed out when a
Trade proposal is entered (Lot Size)
• Minimum Volume (= Min Lot Size)
It must be included between 0 & Lot Size
Flexibility: Volume
Flexibility: Product
• Product is pointed out when a Trade
proposal is entered (Runtime)
• Minimum Product (= Min Runtime)
• Only for Transfers of capacity right-of-use
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Additional options (2/2)
• Attaching a list to a Trade Proposal→ Only shipppers’ responses that have been listed
will be taken into account
• Attaching a list to a response→ Only Trade Proposal from listed Shippers will be
matched
Trader List
Minimum: 3 shippers on a list
Can be used by all Users from a
company of shippers
As soon as a list is used, no shippers
can be removed
• Contrat between both Shippers that are involved in the Trade
• Standard contract of each shipper can be uploaded
• Standard conditions EFET in preparation
Trading Conditions
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
11
Cases for North-South link
PRISMA Large gas consumers
Where the capacity can be
purchased?
Bundled Non-bundled
Getting the Deal ID – detail of
the capacity you have to
exchange is automatically
written
You have to enter manually the
detail of the capacity you have
to exchange
Example 1Example 2
You must do the transfer in OTC if
you know the counterpart
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
12
How can you get the deal ID? (1/2)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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How can you get the deal ID? (2/2)
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
xxxx
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Creation of a Trade Proposal (1/2)
SHIPPER 1 CompanyShipper 1 Company
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Creation of a Trade Proposal (2/2)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
16
Creation of a TRADE
PROPOSAL on a capacity
which is purchased on
TRANS@ctions
Example 1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
17
Example n°1
Type of cession: Full transfer
PCR: North-South link (« gazo-intensive » capacity, purchased on TRANS@ctions =
non-bundled)
Type of capacity: Firm
Capacity products : Annual capacités
Exchange procedures: OTC
Shipper1Shipper2
PSC500 000 kWh/h
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
18
Shipper1 You can find quickly the North-
South link by entering « link » in
the « research box »
For the North to South way, you must
select North South Link [North] point in
the EXIT way
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
19
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
20It continues on the next slide…
For an exchange by mutuel
agreement
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
21
21X---------SHIPPER1EIC
The price of the deal on which
counterparts are involved (not to be
confused with the tariff which is
charged by GRTgaz)
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
22
You have to tick this box to hide the regulated
tariff (the one that is in force when the auction
takes place can be different from the one that will
be in force during the invoicing)
Shipper1
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
23
Shipper1
This mandatory box appears if your company hasn’t subscribed to the
reporting REMIT (paid) service of PRISMA.
The reporting REMIT is mandatory for all shippers ; you can do it by
yourself or delegate it to a third company.
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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The trade proposal is created
Shipper1 user
Shipper1
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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RESPONSE to a TRADE
PROPOSAL by mutual
agreement
Example 1 (2nd part)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
Trade Proposals in OTC are not public: they are not available in the Secondary Trading section.
Validated Trades are public: they are available in the Reporting section.
Shipper2
Example n°1
26GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
27
It continues on the next slide…
Shipper2
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
28
Shipper2
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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This mandatory box appears if your company hasn’t subscribed to the
reporting REMIT (paid) service of PRISMA.
The reporting REMIT is mandatory for all shippers ; you can do it by yourself,
by PRISMA or you can delegate it to a third company.
Shipper2
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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The response to the trade is saved
Shipper2
Example n°1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Creation of a TRADE
PROPOSAL for a capacity
which is purchased on
PRISMA
Example 2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
32
Example n°2
Type of cession: Full transfer
PCR: North-South link (capacity purchased on PRISMA = bundled)
Type of capacity: Firm
Capacity products: Annual capacity
Exchange procedure: FCFS
PSC9,000 kWh/h
Shipper2Shipper1
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
33
You can find quickly the North-South link by
entering « link » in the « research box »
For the North to South way, you have to select the North
South Link [North]/North South Link [South] point
Shipper1
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Shipper1
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Shipper1
Example n°2
La page continue sur la diapositive suivante…
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Shipper1
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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Shipper1
Il s’agit du Deal ID
Example n°2
37GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
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This manadatory box appears if your company hasn’t subscribed to the
reporting REMIT (paid) service of PRISMA.
The reporting REMIT is mandatory for all shippers ; you can do it by yourself ,
by PRISMA or you can delegate it to a third company.
Shipper1
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
39
The trade proposal is created
Shipper1
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
40
RESPONSE to a posted
TRADE PROPOSAL
Example 2 (2nd part)
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
41
Shipper2
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public
42
This manadatory box appears if your company hasn’t subscribed to
the reporting REMIT (paid) service of PRISMA.
The reporting REMIT is mandatory for all shippers ; you can do it by
yourself , by PRISMA or you can delegate it to a third company.
Shipper2
Example n°2
GRTgaz │ Operational method to use PRISMA Platform │ Accessibility: Public