Request for Feedback on Multi-Regional Loose Volume Coupling Cost Benefit Analysis
Affected Period
Status
Closed
Category
Balancing
Run type
N/A
Created
27/04/2021 15:04
Last Updated
27/04/2021 18:10
Note issued on behalf of the Transmission System
Operators.
The Trade & Cooperation Arrangement (TCA)
between the United Kingdom and the European Union sets out proposed trading
arrangements to replace the UK's membership of the Single Day Ahead Coupling
(SDAC) market. Annex ENER-4 of the TCA sets out the broad requirement for this
new market design, known as Loose Volume Coupling (LVC). Under LVC, the volume
and flow of interconnectors between the UK and EU bidding zones directly
connected to the UK are determined independently from the pan-EU SDAC market
process.
As set out in the TCA, a first step in the
development of the LVC solution is the delivery of a Cost Benefit Analysis
(CBA). Relevant UK and EU TSOs have worked together with their consultancy
partners to publish this first stage deliverable which can be found at the link
below.
We would like to invite wider stakeholder
feedback from across the industry on the published CBA report and the
supporting presentation. While the TCA sets out a formal consultation period
for the development of technical procedures at a later stage, general industry
feedback on the broad design of LVC as set out in the report and presentation
is a key first step in the progression of the solution.
Please use the link below to access the CBA and
provide your feedback by 16th May 2021.
The following Industry sessions are planned to
provide context to the request for feedback:?
- Thursday
29 April 2021: SEM
- All Island Industry Forum
- Tuesday
4 May 2021: EU - EU Industry Forum