be jurisdictional own business intervention. model. GPG actions in gas May provide forecast Nominations made Renominate to industry nominations to to pipeline operator pipeline operators if pipeline operator (made in good faith now (or no longer) by contract dispatched in NEM. provisions) Appendix B How can the interruptible product be improved? – Category Improvements Decreasing the The team considered that the following information would be useful in assessing the uncertainty of likelihood that the auction product would be bumped: bumped if an Natural Gas Services Bulletin Board data – auction purchaser Forecast flows (existing), has nominated actual flows (existing), against their historical information (existing), secured capacity large users actual flows (Phase 2)*, LNG flows (existing) Material changes to capacity and flow intraday 1)* Weather reports, electricity forecasts including term and medium term PASA. After nominations the quantity available for auction – Provisional and intraday schedules Charges for services (GTAs) STTM and DWGM demand Actual interruptions of the product historically** Reduce the impact Note, the market already manages this when they purchase interruptible products, for of bumped, or example through contractual arrangements, or flexible options. options to manage The auction buyers will only be required to pay the capacity charge if they are not the risk of being interrupted. bumped. If the pipeline has capacity, auction buyers will have the option to buy an as available service if they are bumped. The team considered various scheduling and intraday options for the prioritisation of different products, as detailed in Appendix C, with a view as to how this could improve the interruptible product, and how this would interact with existing rights. Reduce the The changing market, including with the incoming Peak Supply Guarantee, may impact probability of this probability. The team has deferred consideration of options to reduce the being bumped, or probability of being bumped until the details of this have been confirmed. reduce the likelihood of being bumped *The Natural Gas Services Bulletin Board has incoming changes that were recommended as part of the AEMC’s East Coast Gas Review. These will come in two phases, depending on if a law change is required before the changed can be effected.
be jurisdictional intervention. own business model. GPG actions in gas industry May provide forecast nominations to pipeline operator Nominations made to pipeline operator (made in good faith by contract provisions) Renominate to pipeline operators if now (or no longer) dispatched in NEM. Appendix B – How can the interruptible product be improved? Category Improvements Decreasing the uncertainty of bumped if an auction purchaser has nominated against their secured capacity The team considered that the following information would be useful in assessing the likelihood that the auction product would be bumped: Natural Gas Services Bulletin Board data – Forecast flows (existing), actual flows (existing), historical information (existing), large users actual flows (Phase 2)*, LNG flows (existing) Material changes to capacity and flow intraday 1)* Weather reports, electricity forecasts including term and medium term PASA. After nominations – the quantity available for auction Provisional and intraday schedules Charges for services (GTAs) STTM and DWGM demand Actual interruptions of the product historically** Reduce the impact of bumped, or options to manage the risk of being bumped. Note, the market already manages this when they purchase interruptible products, for example through contractual arrangements, or flexible options. The auction buyers will only be required to pay the capacity charge if they are not interrupted. If the pipeline has capacity, auction buyers will have the option to buy an as available service if they are bumped. The team considered various scheduling and intraday options for the prioritisation of different products, as detailed in Appendix C, with a view as to how this could improve the interruptible product, and how this would interact with existing rights. Reduce the probability of being bumped, or reduce the likelihood of being bumped The changing market, including with the incoming Peak Supply Guarantee, may impact this probability. The team has deferred consideration of options to reduce the probability of being bumped until the details of this have been confirmed. *The Natural Gas Services Bulletin Board has incoming changes that were recommended as part of the AEMC’s East Coast Gas Review. These will come in two phases, depending on if a law change is required before the changed can be effected.
20170614-15-day-ahead-auction-project-team-meeting-no-7-minutes.docx