The eleventh Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on June 24, 2014, starting at 10.30h CET. This auction was carried out within the MIBEL Derivatives market managed by OMIP.
A volume of 475 PTEL Baseload Quarter Futures were auctioned for the delivery period of the 3rd quarter 2014 (200) and 4th quarter 2014 (200) and 75 PTEL Baseload Annual Futures for the delivery period of the 2015 year, which corresponds to the total volume of 1,540,400 MWh. The delivery rate amounts to 1 MW per contract.
The auction was based on an Ascending Clock Model type, which consists on a successive combination of rounds, supported by OMIPlus Auction Platform.
A total of nine OMIP members participated in this auction and five ended up with allocated volumes on the 3rd quarter 2014, six on the 4th quarter 2014 and five on the year 2015. The quantity auctioned was completely allocated at a closing price of 55.50€/MWh for the 3rd quarter 2014; 49.00€/MWh for the 4th quarter 2014 and 48.44€/MWh for the year 2015, following a total of 11 rounds.
The allocated quantities were registered for clearing and settlement with OMIClear - the Clearing House of the MIBEL Derivatives Market.