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Autoriteit Consument & Markt BritNed Development Limited Postbus 16326

2500 BH Den Haag Postbus 718

M

6800 AS Arnhem

Utrechtseweg 310, Gebouw M01 6812 AR Arnhem

Nederland

Telefoon: +31 26 202 01 30 Fax: +31 26 202 01 39 Website: www.britned.com

Datum Uw referentie Onze referentie Bijlage(n) Onderwerp

12 August 2019 BN 19-020 5

2019 Access Rules IEM For Approval

Geachte heer Henk Don,

Please find alongside this cover letter BritNed Development Limited’s 2019 Access Rules IBM for approval.

For your information, the following documents are submitted:

• Access Rules 2019 IBM

• Access Rules Response Summary Table

• EDF Trading consultation response

• Gazprom consultation response

• NGESO Consultation response.

In addition to the points raised specifically related to the IBM Access Rules consultation, Gazprom and EDFT commented on the application of the reserve price and firmness principle.

Reserve Price

In relation to the reserve price for long-term auctions, Gazprom and EDFT both believe this should be removed as the reserve price prevents optimal allocation of capacity. As this would take time to implement the required changes, they also stated a preference for a short-term solution of publishing the reserve price in advance of the auctions until such time that the reserve price is removed.

BritNed Development Limited is geregistreerd in England and Wales

Geregistreerd adres: 1-3 Strand, London, WC2N 5EH - Chamber of Commerce nummer: 4251409

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Uw referentie Pagina

Datum 07/03/2017

BN 17-005 2 van 2

EDFT also raised a specific issue related to the reserve price for long-term auctions, in that the remuneration of the Long-Term Transmission Rights should be compensated at the clearing price and/or reserve price.

Firmness Principle

In relation to the firmness principle, Gazprom commented that BritNed should apply the same firmness principle to its products as IFA and NEMO Link. i.e. become fully firm (financial and physical) after the Day-Ahead Firmness Deadline.

BritNed does not believe these comments on the reserve price and firmness principle have an impact on the Access Rules. However, BritNed would like to discuss these topics with you further outside of the Access Rules process.

Met vriendelijke groeten,

Regulatory Manager

BritNed Development Limited is geregistreerd in England and Wales.

Geregistreerd adres: 1-3 Strand, London, WC2N 5EH - Chamber of Commerce nummer: 4251409.

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