Auctions for Guarantees of Origin

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.