OMIP – PÓLO PORTUGUÊS, S.G.M.R IS THE ENTITY RESPONSIBLE FOR THE OPERATION OF THE AUCTIONS FOR GUARANTEES OF ORIGIN OF ELECTRICAL ENERGY PRODUCED IN PORTUGAL FROM RENEWABLE SOURCES THAT BENEFIT FROM AN INVESTMENT OR PRICE SUPPORT MECHANISM.

Decree-Law No. 141/2010, of 31 December (amended and republished by Decree-Law No. 60/2020 of 17 August) provides that producers deliver to the Directorate-General for Energy and Geology the Guarantees of Origin relating to the production of electrical energy from renewable sources:

  • that benefits from a direct price support regime or an investment incentive, or
  • produced under a power purchase agreement (CAE) or an early termination agreement of a CAE.

 

Said Guarantees of Origin are subject to transaction through a competitive auction mechanism - Auctions GO-PT. The model applicable to Auctions GO-PT is embodied in the respective Rules, which describe the process and role of the different entities involved, namely:

  • the Directorate-General for Energy and Geology (DGEG), through CUR and OMIP, places in the market the GOs with a price or investment support regime.
  • SU ELETRICIDADE (CUR) is the entity responsible for the financial settlement and invoicing of revenues from the Auctions GO-PT.
  • OMIP – Pólo Português, S.G.M.R. (OMIP) is the entity responsible for managing the participation and operation of the Auctions GO-PT.
  • OMIP, S.A. (OMIP SA) is the entity responsible for managing the financial guarantees required to qualify for the Auctions GO-PT.
  • The Guarantees of Origin Issuing Body (EEGO) is the entity responsible for the physical settlement of the guarantees of origin traded in the Auctions GO-PT.
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ACCESS TO AUCTIONS GO-PT

Legal persons registered in the EEGO system and who have completed the admission process as a Registered Participant can access. The admission request must be sent to OMIP, together with the presentation of the following elements:

  • Admission request as Registered Participant (draft)
  • Corporate and operational information.

Admission as a Registered Participant takes effect on the date of signature of the Adhesion Agreement to the Rules of the Auctions GO-PT.

The contact to be used for topics related to the Auctions GO-PT is: leiloes-GO@omip.pt

 

QUALIFICATION FOR THE AUCTIONS GO-PT

To qualify for the Auctions GO-PT, Registered Participants must meet the following requirements:

  • Have active Registered Participant status up to 5 working days prior to the date of an auction.
  • Have the status of Qualified Participant up to 2 working days before the date of an auction, in accordance with the provisions of the following point.

Qualified Participant status is assigned when the following conditions are met:

  • Have deposited a Financial Guarantee in the Financial Guarantee Account of OMIP, S.A., by 12:00 on the 2nd business day before the auction.
  • Qualify as an Active Participant in the EEGO system within 2 business days prior to the auction.

 

AUCTION GO-PT MODEL

The date and the terms of the Auction, namely the quantity, type and production period of the Guarantees of Origin, reserve price, are set by the DGEG by means of a Notice/Call, published up to 20 days before the auction takes place. The Auction GO-PT model is as follows:

  • Marginalist "Ascending Clock" auction. The Reserve Price is established in the Notice/Call.
  • Several auctions can take place simultaneously and independently. Specific lots (technology, production period,…) will be auctioned through individual auctions.
  • The results of the auction, after approval by DGEG, are sent by OMIP to CUR and EEGO for subsequent financial and physical settlement.

INFORMATION ON AUCTIONS

1st Auction - July 28, 2021

The reserve price is: 0,10 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 15. Total Number of Buyers: 13

1st Auction - July 28, 2021
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) No. of Buyers
1 Solar Aug-20 and Sep-20 102 929 54 033 0.12 3
2 Solar Apr-21 32 361 32 361 0.43 3
3 Wind Aug-20 and Sep-20 1 612 606 1 185 875 0.10 9
4 Wind Apr-21 507 854 507 854 0.43 5
5 Hydro Aug-20 and Sep-20 396 231 396 231 0.25 5
6 Hydro Apr-21 332 511 332 511 0.43 3
7 Thermal Aug-20 and Sep-20 317 533 193 292 0.12 3
8 Thermal Apr-21 120 783 120 783 0.41 3
Total 3 422 808 2 822 940

2nd Auction - September 29, 2021

The reserve price is: 0,10 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 17. Total Number of Buyers: 13

2nd Auction - September 29, 2021
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) No. of Buyers
1 Solar Oct-20 and Nov-20 51 490 51 490 0.55 4
2 Solar May-21 39 755 39 755 1.00 3
3 Wind Oct-20 and Nov-20 1 668 509 1 668 509 0.74 7
4 Wind May-21 740 020 740 020 1.00 4
5 Hydro Oct-20 and Nov-20 598 920 598 920 0.40 7
6 Hydro May-21 209 465 209 465 1.00 4
7 Thermal Oct-20 and Nov-20 290 544 290 544 0.53 4
8 Thermal May-21 111 561 111 561 1.00 2
Total 3 710 264 3 710 264

3rd Auction - October 28, 2021

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 13. Total Number of Buyers: 12

3rd Auction - October 28, 2021
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) No. of Buyers
1 Solar Nov-20 and Dec-20 38 800 38 800 0.45 4
2 Solar Jun-21 47 755 47 755 0.52 2
3 Wind Nov-20 and Dec-20 2 244 258 2 244 258 0.23 12
4 Wind Jun-21 542 349 542 349 0.50 7
5 Hydro Nov-20 and Dec-20 985 757 985 757 0.37 7
6 Hydro Jun-21 160 019 160 019 0.52 4
7 Thermal Nov-20 and Dec-20 159 317 159 317 0.45 4
8 Thermal Jun-21 109 209 109 209 0.52 2
Total 4 287 464 4 287 464

4th Auction - November 24, 2021

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 13. Total Number of Buyers: 10

4th Auction - November 24, 2021
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar Jan-21 25 374 25 374 0.75 2
2 Solar Jul-21 47 391 47 391 0.90 1
3 Wind Jan-21 1 444 059 1 444 059 0.51 10
4 Wind Jul-21 766 186 766 186 0.76 3
5 Hydro Jan-21 732 429 732 429 0.51 8
6 Hydro Jul-21 198 235 198 235 0.80 2
7 Thermal Jan-21 300 204 300 204 0.54 6
8 Thermal Jul-21 240 075 240 075 0.57 3
Total 3 753 953 3 753 953

5th Auction - December 10, 2021

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 15. Total Number of Buyers: 11

5th Auction - December 10, 2021
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar Feb-21 24 531 24 531 0.50 2
2 Solar Aug-21 45 454 45 454 0.62 2
3 Wind Feb-21 1 462 265 1 462 265 0.56 6
4 Wind Aug-21 538 266 538 266 0.56 6
5 Hydro Feb-21 1 180 410 1 180 410 0.56 4
6 Hydro Aug-21 200 507 200 507 0.58 5
7 Thermal Feb-21 258 578 258 578 0.53 4
8 Thermal Aug-21 121 667 121 667 0.55 3
Total 3 831 678 3 831 678

6th Auction - January 26, 2022

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 13. Total Number of Buyers: 10

6th Auction - January 26, 2022
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar Mar-21 and Apr-21 55 372 55 372 0.73 5
2 Solar Sep-21 36 601 36 601 0.75 5
3 Wind Mar-21 and Apr-21 1 191 247 1 191 247 0.75 6
4 Wind Sep-21 605 416 605 416 0.77 6
5 Hydro Mar-21 and Apr-21 847 521 847 521 0.75 7
6 Hydro Sep-21 191 098 191 098 0.79 5
7 Thermal Mar-21 and Apr-21 471 747 471 747 0.72 4
8 Thermal Sep-21 155 874 155 874 0.72 6
Total 3 554 876 3 554 876

7th Auction - February 23, 2022

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 13. Total Number of Buyers: 12

7th Auction - February 23, 2022
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar May-21, Jun-21, Jul-21 34 665 34 665 1.15 2
2 Solar Oct-21 38 442 38 442 1.25 1
3 Wind May-21, Jun-21, Jul-21 739 291 739 291 1.04 5
4 Wind Oct-21 902 751 902 751 1.08 7
5 Hydro May-21, Jun-21, Jul-21 228 092 228 092 1.00 7
6 Hydro Oct-21 201 755 201 755 1.12 5
7 Thermal May-21, Jun-21, Jul-21 464 509 464 509 1.00 6
8 Thermal Oct-21 289 271 289 271 1.04 7
9 Thermal Mar-21, Apr-21 17 482 17 482 1.05 3
Total 2 916 258 2 916 258

8th Auction - March 30, 2022

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 10. Total Number of Buyers: 8

8th Auction - March 30, 2022
Lot Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar Aug-21 e Sep-21 20 174 20 174 0.82 2
2 Solar Nov-21 32 214 32 214 0.80 3
3 Wind Aug-21 e Sep-21 340 435 340 435 0.75 5
4 Wind Nov-21 1 213 009 1 213 009 0.76 8
5 Hydro Aug-21 e Sep-21 98 309 98 309 0.80 3
6 Hydro Nov-21 255 057 255 057 0.78 5
7 Thermal Aug-21 e Sep-21 344 228 344 228 0.65 3
8 Thermal Nov-21 309 049 309 049 0.71 4
9 Thermal other months 8 285 8 285 0.82 1
Total 2 620 760 2 620 760

9th Auction - April 27, 2022

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3. Number of Participants: 14. Total Number of Buyers: 12.

9th Auction - April 27, 2022
Lote Technology Production Period Volume Offered (MWh) Volume Sold (MWh) Marginal Price (€/MWh) Nº of Buyers
1 Solar Dec-21 15 775 15 775 0.97 2
2 Solar Jan-22 9 792 9 792 1.75 2
3 Wind Dec-21 1 294 017 1 294 017 0.71 7
4 Wind Jan-22 383 053 383 053 1.55 7
5 Hydro Dec-21 219 551 219 551 0.74 6
6 Hydro Jan-22 92 405 92 405 1.60 3
7 Thermal Dec-21 224 184 224 184 0.70 6
8 Thermal Jan-22 84 084 84 084 1.51 5
Total 2 322 861 2 322 861

10th Auction - May 26, 2022

The reserve price is: 0,15 €/MWh. The increase factor to apply to the Financial Guarantee is: K = 3.

10th Auction - May 26, 2022
Lote Technology Production Period Volume Offered (MWh)
1 Solar Dec-21 6 760
2 Solar Jan-22 e Feb-22 54 805
3 Wind Dec-21 554 578
4 Wind Jan-22 e Feb-22 1 780 117
5 Hydro Dec-21 94 093
6 Hydro Jan-22 e Feb-22 311 383
7 Thermal Dec-21 96 079
8 Thermal Jan-22 e Feb-22 362 526
Total 3 260 341