ENTSOG Tariff NC - Implementation Document 2nd Edition

CHAPTER IV: RECONCILIATION OF REVENUE ������������������������ 90

GENERAL 91 Article 17 General provisions. 91 Article 18 Under-/over-recovery. 92 REVENUE RECONCILIATION 93 Article 19(1), (2),(4) Regulatory account . 93 Article 19(3) Regulatory account and incentive mechanisms. . . . . . . . . 94 Article 19(5) Auction premium. 95 Article 20 Reconciliation of regulatory account. 96

CHAPTER V: PRICING OF BUNDLED CAPACITY AND CAPACITY AT VIPS ������������������������������������ 98

RESERVE PRICES FOR BUNDLED CAPACITY PRODUCTS 99 Article 21 Bundled capacity. 99 RESERVE PRICES FOR CAPACITY PRODUCTS OFFERED AT A VIP 101 Article 22 VIP . 101

CHAPTER VI: CLEARING AND PAYABLE PRICE ��������������������106

CLEARING PRICE 107 Article 23 What a clearing price is . 107 PAYABLE PRICE 108 Article 24 Payable price: two approaches. 108 Article 24(a) Floating payable price . 109 Article 24(b) Fixed payable price . 110 Article 25 When to apply each payable price approach and why. 112

CHAPTER VII: CONSULTATION REQUIREMENTS ������������������114

PERIODIC CONSULTATION 115 Article 26(1) Content of the document for periodic consultation and comparison to Chapter VIII ‘Publication requirements’ ���� 115 Article 26(2), 26(3) and Article 27 Procedure for the periodic consultation. . . . . . . . . . . . . . 118 Article 26(5) ACER’s template for the consultation document. 120 Article 27(5) ‘New’ tariffs. 121 TARIFF PERIOD CONSULTATION 123 Article 28(1) Content of the document for consultation on multipliers, seasonal factors and discounts���������������������������������������� 123 Article 28(1) and (3) Procedure for the consultation on multipliers, seasonal factors and discounts���������������������������������������� 124 COMPARISON 126 Article 27(5) and 28(2) Repetitive consultation processes and comparison. 126

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TAR NC Implementation Document – Second Edition September 2017