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TAR NC Implementation Document – Second Edition September 2017
Annex K
Article 15(1) – Example of
Calculating Reserve Prices for
Non-Yearly Firm Capacity Products
with Seasonal Factors
1 Example of pricing for a quarterly product:
How much does it cost to book quarterly capacity from January to March if the
annual tariff is 1€/(kWh/h)/year, the corresponding quarterly multiplier is 1.5 and
the corresponding seasonal factor for the months of January, February and March
is 1.25 ?
P
st
= m × sf × (p
y
/365) × d
P
st
= 1.5 × 1.25 × (1/365) × 90
Quarterly price = 0.4623€/(kWh/h)/q (
the capacity to flow 1kWh every hour of
the considered first quarter costs a total of 0.4623€)
2 Example of pricing for a monthly product:
How much does it cost to book monthly capacity for June if the annual tariff is
1€/(kWh/h)/year, the corresponding monthly multiplier is 1 and the corresponding
seasonal factor for the month of June is 0.7?
P
st
= m × sf × (p
y
/365) × d
P
st
= 1 × 0.7 × (1/365) × 30
Monthly price = 0.0575€/(kWh/h)/m (
the capacity to flow 1kWh every hour of
the considered month of June costs a total of 0.0575€)
3 Example of pricing for a daily product:
How much does it cost to book daily capacity for April if the annual tariff is
1 €/(kWh/h)/year, the corresponding daily multiplier is 1 and the corresponding
seasonal factor for the month of April is 1.1 ?
P
st
= m × sf × (p
y
/365) × d
P
st
= 1 × 1.1 × (1/365) × 1
Daily price = 0.0030€/(kWh/h)/d (
the capacity to flow 1kWh every hour of the
considered day of April costs a total of 0.0030€)
4 Example of pricing for a within-day product:
How much does it cost to book within-day capacity (rest of the day = 5 hours) for
September if the annual tariff is 1 €/(kWh/h)/year, the corresponding within-day
multiplier is 0.9 and the corresponding seasonal factor for the month of September
is 1.3 ?
P
st
= m × sf × (p
y
/8760) × h
P
st
= 0.9 × 1.3 × (1/8760) × 5
Within-day price = 0.0007€/(kWh/h)/within-day duration (
the capacity to flow
1kWh every hour of the remaining 5 hours of the considered day of September costs
a total of 0.0007€)