Strategic Reserve: Volumes & Prices

Elia has been instructed to constitute a strategic reserve electricity volume to cover an eventual structural deficit in generation during the winter period.

In accordance to the Minister’s instructions and to art.7 quater of the Electricity law Elia has constituted in total for the winter of 2015-2016 and 2016-2017 the following volumes.

 

Contracted volumes and prices for strategic reserve:

Delivery period Strategic Reserve Type Total Contracted Volume [MW] Average Price [€/MW/h] Average activation price [€/MWh](3) Generation Load type
Winter period 2015-2016 SGR 1 177,1(1) 10,62 62,44(4) Generation
Winter period 2015-2016 SDR 358,4(2) 9,76 736,73 Load
Winter period 2016-2017 SGR  750(1) 8-10(5) 65-85(4)(5) Generation

(1) These volumes were constituted in two call for tenders (first one organized in 2014 in which 750 MW were procured for 3 winter periods and the second one organized in 2015 in which 427,1 MW were procured for the 2015-2016 winter period). The volumes of the 2016-2017 only correspond to the volumes constituted in the call for tender organized in 2014 as no additional volume was constituted for 2016-2017.
(2) Volume contracted in the tender for the winter period 2015-2016, valid for this period only.
(3) Weighted average MWh price for an activation of 4 hours.
(4) The SGR activation price is the result of a formula, described in the Functioning Rules of Strategic Reserve, which includes the daily fuel and CO2 prices. The calculation of average variable costs represented here is made based on the fuel and CO2 prices of January 25th, 2016 for the 2015-2016 winter period and of November 29th, 2016 for the 2016-2017 winter period. Moreover the cold activation prices are considered.
(5) Elia indicates for the 2016-2017 winter period a range of prices (non symmetrical) in which the average prices are included in order to respect confidentiality of prices offered by the suppliers.

For more information about the product and the related procedures, please refer to the page Products & Services: Strategic Reserve.