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CR290 VAT Agreement Change – MP

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CR290 VAT AGREEMENT CHANGE – MP IMPACT SINGLE ELECTRICITY
cr290 vat agreement change – mp impact single electricity market change request cr290 – vat agreement change vat change calcu
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CR290 VAT Agreement Change – MP Impact

Single Electricity Market
Change REquest CR290 – VAT AGREEMENT Change
VAT CHANGE CALCULATION DETAIL
SEM R2.2.0
COPYRIGHT NOTICE
All rights reserved. This entire publication is subject to the laws of
copyright. This publication may not be reproduced or transmitted in
any form or by any means, electronic or manual, including photocopying
without the prior written permission of EirGrid plc and SONI Limited.
DOCUMENT DISCLAIMER
Every care and precaution is taken to ensure the accuracy of the
information provided herein but such information is provided without
warranties express, implied or otherwise howsoever arising and EirGrid
plc and SONI Limited to the fullest extent permitted by law shall not
be liable for any inaccuracies, errors, omissions or misleading
information contained herein.
Document History
Version
Date
Author
Comment
1.0
21st January 2013
SEMO
Initial Version
Table of Contents
1 Introduction 3
1.1 Purpose of this document 3
1.2 Scope 3
1.3 Background 3
2 Overview 4
3 Energy Calculations 4
3.1 MEtered Generation and Demand 5
3.2 Cross Border Energy Export Proportions 5
3.3 Cross Border Energy Supply Proportions 6
4 Capacity Calculations 7
4.1 Capacity PAyments and Charges 7
4.2 Cross Border Capacity Export Proportions 7
4.3 Cross Border Energy Supply Proportions 8
5 Spreadsheet Calculation Example 9
6 Invoicing 9
7 Cutover 9
8 Glossary of terms 10
New Terminology 10
1Introduction

1.1Purpose of this document

This document is intended to give a detailed description of the
calculations involved in the implementation of CR290 – VAT Agreement
Change.
Additional information in relation to this change can be found in the
following documents available on the SEMO website:
*
the Final Recommendation Report FRR03.12 and
*
the Market Participant Update Document (MPUD Market Interface
Volume 2 Reporting SEM R2.2.0).
1.2Scope

Only calculations that take place in relation to CR290 will be
included in this document
1.3Background

The issues with the current VAT Agreement that was issued jointly by
both Revenue Authorities arose in mid 2011 when an ROI company
expressed a wish to join the SEM as an Interconnector Unit (Generator)
trading on the Moyle Interconnector. The provisions in the Trading &
Settlement Code and SEM VAT Agreement (agreed by VAT authorities in
both jurisdictions) require that all units must be VAT registered in
the Jurisdiction that the Unit is registered. As a result, they were
unable to get a VAT registration in NI.
Although the SEM systems correctly reflect the current VAT agreement;
this was still preventing certain companies from joining the SEM. It
was clear that a revision was required to the VAT Agreement to reflect
the broader interest in joining the SEM and to reflect the correct VAT
law associated with this.
The VAT Authorities have, following discussions with the Market
Operator, amended the existing VAT Agreement to include an Addendum
that satisfies the EU VAT legislation requirements. A change to the
Central Market Systems is necessary to implement these changes and a
Change Request (CR290) was raised as a result. This document describes
in detail, the calculations involved in the implementation of CR290 in
the Central Market Systems.
CR290 is expected to be implemented as part of the SEM R2.2.0 release
which is scheduled for deployment on May 10th 2013.
2Overview

For units to be part of the SEM, they must be located in Northern
Ireland or the Republic of Ireland.
With the advent of the changes to VAT agreement (and SEM R2.2.0), it
will be possible for Generator Participants to be VAT registered
anywhere in the world. For the purposes of the application of VAT,
this is broken down into four categories.
ROI – VAT registered in the Republic of Ireland
UK – VAT registered in the United Kingdom
EU – VAT registered in the EU but outside the Republic of Ireland and
United Kingdom
NonEU – VAT registered outside the EU
This means that there are 8 Participant\Unit combinations possible for
Generator Participants.
Participant VAT Jurisdiction
Unit Jurisdiction
ROI
ROI
UK
ROI
EU
ROI
NonEU
ROI
ROI
NI
UK
NI
EU
NI
NonEU
NI
Supplier Participants must be registered in the same location as their
units so the number of combinations reduces to 2. This is unchanged
from the previous version of VAT agreement.
Participant VAT Jurisdiction
Unit Jurisdiction
ROI
ROI
UK
NI
VAT is applied on invoice amounts based on the VAT Jurisdiction of
both sides of the energy transaction.
As the SEM operates as a pool, a calculation is required to determine
the proportion of the pool in each jurisdiction which is:
1.
Generated by Participants VAT registered in that jurisdiction
2.
Generated by Participants VAT registered in EU (but outside the
jurisdiction)
3.
Generated by Participants VAT registered outside the EU
4.
Consumed by Participants VAT registered in that jurisdiction
5.
Consumed by Participants VAT registered in EU (but outside the
jurisdiction)
In system terms, these proportions are called
1.
CBESP\CBCSP – Cross Border Energy\Capacity Supplied Proportion
2.
CBESPEU \ CBCSPEU – Cross Border Energy\Capacity Supplied
Proportion
3.
CBESPNEU\ CBCSPNEU – Cross Border Energy\Capacity Supplied
Proportion
4.
CBEEPI\CBCEPI – Inverse Cross Border Energy\Capacity Export
Proportion
5.
CBEEP\CBCEP – Cross Border Energy\Capacity Export Proportion
Proportions 1), 2) and 3) will replace the existing proportions
CBEIPI\CBCIPI and CBEIP\CBCIP. These proportions are used to split
amounts on Supplier Invoices according to the VAT jurisdiction where
the energy consumed is deemed to have been generated.
Proportions 4) and 5) currently exist in the systems and no change is
expected to their calculation. These proportions are used to split
amounts on Generator Invoices according to the VAT jurisdiction where
the generated energy is deemed to have been consumed.
3Energy Calculations

3.1MEtered Generation and Demand

MGLFuh Lossadjusted Meter Generation for Generator unit u in
trading period h
SNDLFvh Loss adjusted Settlement Net Demand for Supplier unit v in
trading period h
SWPMGLFpb Sum(MGLFuh) for all Generator units u registered to
participant account p and trading period h in Energy billing week b.
SWPNDLFpb Sum(SNDLFvh) for all Supplier units v registered to
participant account p and trading period h in Energy billing week b.
SWJMGLFROIb Sum(SWPMGLFpb) for all participant accounts p that are
registered in ROI VAT Jurisdiction
SWJMGLFNIb Sum(SWPMGLFpb) for all participant accounts p that are
registered in UK VAT Jurisdiction
SWJNDLFROIb Sum(SWPNDLFpb) for all participant accounts p that are
registered in ROI VAT Jurisdiction
SWJNDLFNIb Sum(SWPNDLFpb) for all participant accounts p that are
registered in UK VAT Jurisdiction
SWJMGLFSJROIpb Sum(SWPMGLFpb) for all participant accounts p where
both participants and generators are registered in ROI VAT
Jurisdiction.
SWJMGLFSJNIpb Sum(SWPMGLFpb) for all participant accounts p where
both participants and generators are registered in NI VAT
Jurisdiction.
SWJMGLFOJROIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in UK VAT Jurisdiction. and have their generators
registered in ROI Jurisdiction.
SWJMGLFOJNIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in ROI VAT Jurisdiction. and have their generators
registered in UK Jurisdiction.
SWJMGLFEUROIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in EU VAT Jurisdiction. (excluding ROI and UK) and have
their generators registered in ROI Jurisdiction.
SWJMGLFEUNIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in EU VAT Jurisdiction. (excluding ROI and UK) and have
their generators registered in UK Jurisdiction.
SWJMGLFNEUROIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in NonEU VAT Jurisdiction and have their generators
registered in ROI Jurisdiction.
SWJMGLFNEUNIpb Sum(SWPMGLFpb) for all participant accounts p that
are registered in NonEU VAT Jurisdiction and have their generators
registered in UK Jurisdiction.
3.2Cross Border Energy Export Proportions

CBEEPROIb IF((SWJMGLFROIb – SWPNDLFROIb) >0, (SWJMGLFROIb –
SWPNDLFROIb) / SWJMGLFROIb,0)
CBEEPIROIb 1 CBEEPROIb
CBEEPNIb IF((SWJMGLFNIb – SWPNDLFNIb) >0, (SWJMGLFNIb –
SWPNDLFNIb) / SWJMGLFNib,0)
CBEEPINIb 1 CBEEPNIb
3.3Cross Border Energy Supply Proportions

TSJGROI (SWJMGLFSJROIb
+ SWJMGLFOJROIb
+ SWJMGLFEUROIb
+ SWJMGLFNEUROIb)
* CBEEPIROIb
+ (SWJMGLFSJNb
+ SWJMGLFOJNib
+ SWJMGLFEUNib
+ SWJMGLFNEUNIb)
* CBEEPNib
TSJGNI (SWJMGLFSJNIb
+ SWJMGLFOJNIb
+ SWJMGLFEUNIb
+ SWJMGLFNEUNIb)
* CBEEPINIb
+ (SWJMGLFSJROI
+ SWJMGLFOJROib
+ SWJMGLFEUROib
+ SWJMGLFNEUROIb)
* CBEEPROib
CBESPROIb (SWJMGLFSJROIb * CBEEPIROIb +
SWJMGLFOJNIb * CBEEPNIb)
/TSJGROIb
CBESPEUROIb ((SWJMGLFOJROIb + SWJMGLFEUROIb) * CBEEPIROIb +
(SWJMGLFSJNIb + SWJMGLFEUNIb) * CBEEPNIb)
/TSJGROIb
CBESPNEUROIb (SWJMGLFNEUROIb * CBEEPIROIb +
SWJMGLFNEUNIb * CBEEPNIb)
/TSJGROIb
CBESPNIb (SWJMGLFSJNIb * CBEEPINIb +
SWJMGLFOJROIb * CBEEPROIb)
/TSJGNIb
CBESPEUNIb ((SWJMGLFOJNIb + SWJMGLFEUNIb) * CBEEPINIb +
(SWJMGLFSJROIb + SWJMGLFEUROIb) * CBEEPROIb)
/TSJGNIb
CBESPNEUNIb (SWJMGLFNEUNIb * CBEEPINIb +
SWJMGLFNEUROIb * CBEEPROIb)
/TSJGNib
4Capacity Calculations

4.1Capacity PAyments and Charges

SMPCPpc Sum(Capacity Payments) for all Generator units u registered
to participant account p and trading period h in Capacity billing
month c.
SMPCCpc Sum(Capacity Payments) for all Supplier units v registered
to participant account p and trading period h in Capacity billing
month c.
CPPJROIc Sum(SMPCPpc) for all participant accounts p that are
registered in ROI VAT Jurisdiction
CPPJNIc Sum(SMPCPpc) for all participant accounts p that are
registered in UK VAT Jurisdiction
CPCJROIc Sum(SMPCCpc) for all participant accounts p that are
registered in ROI VAT Jurisdiction
CPCJNIc Sum(SMPCCpc) for all participant accounts p that are
registered in UK VAT Jurisdiction
SMJCPSJROIpc Sum(SMPCPpc) for all participant accounts p where
both participants and generators are registered in ROI VAT
Jurisdiction.
SMJCPSJNIpc Sum(SMPCPpc) for all participant accounts p where both
participants and generators are registered in NI VAT Jurisdiction.
SMJCPOJROIpc Sum(SMPCPpc) for all participant accounts p that are
registered in UK VAT Jurisdiction and have their generators registered
in ROI Jurisdiction.
SMJCPOJNIpc Sum(SMPCPpc) for all participant accounts p that are
registered in ROI VAT Jurisdiction and have their generators
registered in UK Jurisdiction.
SMJCPEUROIpc Sum(SMPCPpc) for all participant accounts p that are
registered in EU VAT Jurisdiction (excluding ROI and UK) and have
their generators registered in ROI Jurisdiction.
SMJCPEUNIpc Sum(SMPCPpc) for all participant accounts p that are
registered in EU VAT Jurisdiction (excluding ROI and UK) and have
their generators registered in UK Jurisdiction.
SMJCPNEUROIpc Sum(SMPCPpc) for all participant accounts p that are
registered in NonEU VAT Jurisdiction and have their generators
registered in ROI Jurisdiction.
SMJCPNEUNIpc Sum(SMPCPpc) for all participant accounts p that are
registered in NonEU VAT Jurisdiction and have their generators
registered in UK Jurisdiction.
4.2Cross Border Capacity Export Proportions

CBCEPROIc IF((CPPJROIb – CPCJROIb) >0, (CPPJROIb – CPCJ ROIb) /
CPPJROIb,0)
CBCEPIROIc 1 CBCEPROIb
CBCEPNIc IF((CPPJNIb – CPCJ NIb) >0, (CPPJNIb – CPCJ NIb) /
CPPJNib,0)
CBCEPINIc 1 CBCEPNIb
4.3Cross Border Energy Supply Proportions

TSJCPROI (SMJCPSJROIb
+ SMJCPOJROIb
+ SMJCPEUROIb
+ SMJCPNEUROIb)
* CBCEPIROIb
+ (SMJCPSJNb
+ SMJCPOJNib
+ SMJCPEUNib
+ SMJCPNEUNIb)
* CBCEPNib
TSJCPNI (SMJCPSJNIb
+ SMJCPOJNIb
+ SMJCPEUNIb
+ SMJCPNEUNIb)
* CBCEPINIb
+ (SMJCPSJROI
+ SMJCPOJROib
+ SMJCPEUROib
+ SMJCPNEUROIb)
* CBCEPROib
CBCSPROIb (SMJCPSJROIb * CBCEPIROIb +
SMJCPOJNIb * CBCEPNIb)
/TSJCPROIb
CBCSPEUROIb ((SMJCPOJROIb + SMJCPEUROIb) * CBCEPIROIb +
(SMJCPSJNIb + SMJCPEUNIb) * CBCEPNIb)
/TSJCPROIb
CBCSPNEUROIb (SMJCPNEUROIb * CBCEPIROIb +
SMJCPNEUNIb * CBCEPNIb)
/TSJCPROIb
CBCSPNIb (SMJCPSJNIb * CBCEPINIb +
SMJCPOJROIb * CBCEPROIb)
/TSJCPNIb
CBCSPEUNIb ((SMJCPOJNIb + SMJCPEUNIb) * CBCEPINIb +
(SMJCPSJROIb + SMJCPEUROIb) * CBCEPROIb)
/TSJCPNIb
CBCSPNEUNIb (SMJCPNEUNIb * CBCEPINIb +
SMJCPNEUROIb * CBCEPROIb)
/TSJCPNIb
5Spreadsheet Calculation Example

A sample calculation can be found in the following spreadsheet:

6Invoicing

As Supplier participants must still register in the same jurisdiction
as their units, all generation is deemed to be sold to participants in
ROI and NI. As such, no change is expected for Generator Invoice
amounts and the current Cross Border Import Proportions will be used.
E.g. A charge ENPEX will still be split into ENPEXN and ENPEXZ
representing local and cross border trades respectively.
As generator Participants can register in a different jurisdiction to
their units, values must be calculated which define the proportion of
a suppliers consumption which is derived from each VAT jurisdiction
(Local, EU and NonEU).
E.g. A charge ENCEX will now be split into three invoice amounts,
ENCEXW, ENCEXEU and ENCEXNEU, representing supplied amounts
generated locally, in the EU and outside the EU respectively.
No changes to Energy or Capacity statements are expected as part of
this change.
Section 3 details the calculation of each of Supplier proportions
outlined above.
7Cutover

This change is expected to be implemented as part of the release SEM
R2.2.0 which is scheduled to take place on May 10th 2013.
Any invoices issued after this date will be in the new SEM R2.2.0
format. This includes resettlement invoices.
However, the new calculations (CBESP, CBESPEU, CBESPNEU etc.) will
only apply to billing periods after the effective date of SEM R2.2.0.
The normal Energy billing week runs from a Sunday to a Saturday.
As such, the calculation changes affecting Energy Invoicing are
expected to become effective as part of the first Energy invoice run
relating to the Energy billing week starting on the first Sunday after
the release, currently May 12th 2013.
The normal Capacity billing month runs from the first to last day of
each calendar month
As such, the calculation changes affecting Capacity Invoicing are
expected to become effective as part of the first Capacity invoice run
relating to the Capacity billing month starting on the first day of
the month after the release, currently June 1st 2013.
All newly issued invoices relating to periods before the effective
dates of the release will continue to use the old calculations (CBEIP,
CBEEP) but will appear in the new format.
8Glossary of terms

New Terminology

Term
Description
CBCEP
Cross Border Capacity Export Proportion – The proportion of capacity
deemed to have been exported from a jurisdiction
CBCSP
Cross Border Capacity Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered within that same jurisdiction.
CBCSPEU
Cross Border Capacity Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered within the EU (excluding the current
jurisdiction)
CBCSPNEU
Cross Border Capacity Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered outside the EU
CBEEP
Cross Border Energy Export Proportion – The proportion of energy
deemed to have been exported from a jurisdiction
CBESP
Cross Border Energy Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered within that same jurisdiction.
CBESPEU
Cross Border Energy Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered within the EU (excluding the current
jurisdiction)
CBESPNEU
Cross Border Energy Supplied Proportion – The proportion of supplied
energy in a jurisdiction deemed to have been generated from
participants registered outside the EU
Generator Unit
This term covers both generator and interconnector units as defined by
the Trading & Settlement Code
Lossadjusted
Value after lossfactors have been applied
MGLF
Lossadjusted Meter Generation
Participant account
As per the Trading & Settlement Code
Participant VAT Jurisdiction
Physical location in which a unit is registered
Possible Values:
ROI
UK
EU
NonEU
SNDLF
Loss adjusted Settlement Net Demand
TSJCP
Total Supplied Jurisdictional Capacity Payments – Total capacity
payments made to participants registered in the jurisdiction
TSJG
Total Supplied Jurisdictional Generation – Total generation which is
supplied to participants registered in the jurisdiction
Unit Jurisdiction
Physical location in which a unit is registered
Possible Values:
ROI
NI
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