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

21th Auction - March 06, 2024

The reserve price was: 0,45 €/MWh. The increase factor to apply to the Financial Guarantee: K = 1. Number of Participants: 22. Total Number of Buyers: 15

21th Auction - March 06, 2024

Lot

Technology

Production Period

Volume Offered (MWh)

Volume Sold (MWh)

Marginal Price (€/MWh)

No. Of Buyers

1

Solar

Dec-23

20 039

20 039

1,20

2

2

Wind

Nov-23, Dec-23

1 166 679

1 166 679

1,20

4

3

Wind

Jan-24

474 722

474 722

1,74

3

4

Hydro

Nov-23, Dec-23

811 559

811 559

1,03

5

5

Hydro

Jan-24

383 199

383 199

1,65

6

6

Thermal

Nov-23, Dec-23

262 914

262 914

0,82

8

Total

3 119 112

3 119 112

20th Auction - January 10, 2024

The reserve price was: 0,45 €/MWh. The increase factor applied to the Financial Guarantee: K = 1. Number of Participants: 23. Total Number of Buyers: 20.

20th Auction - January 10, 2024

Lot

Technology

Production Period

Volume Offered (MWh)

Volume Sold (MWh)

Marginal Price (€/MWh)

No. Of Buyers

1

Solar

Nov-23

22 781

22 781

2,71

4

2

Wind

Oct-23 and Nov-23

2 013 140

2 013 140

2,51

20

3

Hydro

Oct-23 and Nov-23

963 072

963 072

2,50

14

4

Thermal

Oct-23 and Nov-23

198 376

198 376

2,57

7

Total

3 197 369

3 197 369

19th Auction - December 05, 2023

The reserve price was: 0,45 €/MWh. The increase factor to apply to the Financial Guarantee: K = 1. Number of Participants: 24. Total Number of Buyers: 18

19th Auction - December 05, 2023

Lot

Technology

Production Period

Volume Offered (MWh)

Volume Sold (MWh)

Marginal Price (€/MWh)

No. Of Buyers

1

Solar

Aug-23, Sep-23 and Oct-23

86 489

86 489

3,11

7

2

Wind

Aug-23, Sep-23 and Oct-23

1 850 682

1 850 682

3,26

14

3

Hydro

Aug-23, Sep-23 and Oct-23

703 127

703 127

3,40

8

4

Thermal

Aug-23, Sep-23 and Oct-23

489 690

489 690

3,14

11

5

Various Technologies

Jun-23 and Jul-23

45 617

45 617

3,07

5

Total

3 175 965

3 175 965

Calendar Auction

Year 2024

Calendar Auction

Auction

Date

20º Auction GO-PT

10/01/2024

21º Auction GO-PT

06/03/2024

22º Auction GO-PT

08/05/2024

23º Auction GO-PT

10/07/2024

24º Auction GO-PT

11/09/2024

25º Auction GO-PT

13/11/2024