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ERRA Events - 2007
ERRA Regulatory Roundtable: Regulatory Aspects of Price Increases on National and Regional Markets
December 10-11, 2007 Bucharest, Romania
Co-Hosted by
Energy Regulators Regional Association (ERRA)
National Electricity and Heat Regulatory Authority of Romania (ANRE)
National Association of Regulatory Utility Commissioners (NARUC)
Sponsored by
U.S. Agency for International Development (USAID)
Agenda
Purpose of the meeting:
The purpose of the meeting is to bring together high-level ERRA regulators and to generate free-flowing discussions under the broad topic of the Workshop. In many ERRA member countries new pricing regimes appeared in the past few years. These are not cost-based but rather market-based regimes. In the mean time, we encounter or will encounter capacity shortages in several ERRA regions. The regional capacity shortage (generation adequacy problem) creates a situation, in which the wholesale market prices increase. The basic purpose of the discussions is to identify what regulators and governments can do when these circumstances occur, what potential regulatory tools exist to address these situations. In addition, we would like to pose the following thought-provoking questions: How can regulators educate customers, politicians and the industry that they do not have direct affect on wholesale and end-user prices any more (except regulated household prices)? Do regulators need and/or have adequate information and data regarding capacity shortages or wholesale market price (especially on bilateral markets)? How can the national regulators collect wholesale market price data from other national markets located in the same region? What are those elements, which influence or determine wholesale market prices? What is the foreseen tendency?
In order to prepare the meeting more effectively, the ERRA Secretariat will send out a few questions to each participating organization in advance. These questions will address market based (not regulated) pricing forecasts for 2008 and expected capacity balance situation of national markets (net export, import GWh, MW).
Monday, December 10, 2007
Hotel Intercontinental
| 09:00 |
Introductory Remarks |
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- Dr. Gábor Szörényi, Director, Hungarian Energy Office; Vice Chairman, ERRA
Mr. Gergely Olosz, President, National Energy Regulatory Authority of Romania |
| 09:15 |
Session I: Regional Price Tendencies and Capacity Shortage : Traders’ and Analysts’ View |
| 09:15 |
Introductory Framework Presentation by Electricity Trader. The presentation will focus on: regional wholesale market price tendencies, , factors influencing national and regional wholesale market prices, the influence of cross border trade on market prices |
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- Mr. József Balogh, Head of Central European Team, EDF Trading
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| 09:50 |
Analysis of price tendencies in the different regions of ERRA members. Introduced by Platts/ARGUS |
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- Mr. James Nicholson, Global Business Development Manager, ARGUS
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| 10:20 |
Roundtable Discussions |
| 10:45 |
Coffee break |
| 11:00 |
Capacity balance (generation adequacy) situation in the different regions as the traders perceived |
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- Mr. Gábor Hornai, Country Manager, CEZ Hungary Ltd.
- Mr. James Nicholson, Global Business Development Manager, ARGUS
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| 11:30 |
Capacity balance (generation adequacy) situation in the different regions as an energy information provider agency introduces (Platts/ARGUS) |
| 12:00 |
Roundtable Discussions |
| 12: 45 |
Lunch |
| 14:00 |
Regulatory Roundtable Discussion on Regional Price Tendencies
The Roundtable discussion will include the presentation of answers received from participants regarding price forecasts for 2008 |
| 15:30 |
Coffee break |
| 16:00 |
Session II: Capacity Balance (Generation Adequacy) |
| 16:00 |
Presentation: Status of Security of Supply (SoS) in ERRA Countries in 2004 (summary of important elements determining SoS + introduction of former situation) |
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- Dr. Gábor Szörényi, Director, Hungarian Energy Office; Vice Chairman, ERRA
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| 16:30 |
Presentation: Capacity Support Mechanism and Demand Side Management in the US |
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- NARUC First Vice President Frederick F. Butler, Commissioner
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| 17:00 |
Regulatory Roundtable Discussion on Capacity Balance
The Roundtable discussion will include the presentation of answers received from participants regarding generation investments and demand forecast for 2008-2010. |
| 17:30 |
Meeting Concludes |
| 19:00 |
Group Dinner |
Tuesday, December 11, 2007
| 09:00 |
Session III: Regulatory Tools Available |
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Presentation: Regulatory Data Collection, Monitoring of Market Prices, Cross
Border Capacities and Elements of Capacity Balance |
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- Mr. Wayne Scott, Deputy Chief Counsel, Pennsylvania Public Utility Commission, USA
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| 09:30 |
Presentation: Capacity Incentives – Network Development Incentives |
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- Commissioner Maria Manicuta, Romanian Energy Regulatory Authority
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| 10:00 |
Presentation: Capacity Market in Greece |
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- Mr. Miltos Aslanoglou, Head of Market and Competitions Department, Regulatory Authority for Energy (RAE)
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| 10:30 |
Coffee break |
| 10:45 |
Regulatory Roundtable Discussion on Regulatory Tools |
| 12:00 |
ERRA Press Release on Common Understanding of Regulatory Tools |
| 13:00 |
Meeting Concludes, Lunch |
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| Participant List
Materials
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