Brussels, 6 May 2014
FEBEG, the Belgian Federation of Electricity and Gas companies, and Belpex, the Belgian Power Exchange, today announce the launch of the Reserve Capacity Bulletin Board. The Bulletin Board is the result of cooperation between FEBEG and Belpex and will be available for all Belgian market participants active on the reserve capacity market.
The Bulletin Board for Reserve Capacity offers market parties the possibility to post their buying and selling interests related to the transfer of reserve capacity obligations and consequently to enter into negotiation with a potential counterparty. In line with the rules set by the Belgian Transmission System Operator Elia, the Bulletin Board will enable the posting of products available on the secondary market related to primary and secondary reserves.
The new platform will be accessible for all parties approved by Elia to provide reserve capacities to the Belgian Grid. Belpex developed the internet-based Bulletin Board and is responsible for operating it.
Marc Van den Bosch, Managing Director of FEBEG, explains: “It is important that flexible power plants receive a fair and market based compensation for the services they provide to Elia to maintain the balance and the stability of the grid. Therefore, FEBEG urges – for several years already – to improve the mechanism for procurement of reserve capacities and to evolve towards a real market for these services. FEBEG is convinced the Bulletin Board will contribute to these developments.”
“We are very pleased with this cooperation with FEBEG. The new tool launched today will provide more flexibility on the Reserve Capacity Market in Belgium. The Bulletin Board has been designed in a way that it could be used as a discovery service and it is flexible enough to support new types of products in the next phases”, says James Matthys-Donnadieu, CEO of Belpex.
The Reserve Capacity Bulletin Board is operational as of today. Four market participants have confirmed that they will sign up over the coming days.