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10th Special Regime Energy Auction

The tenth Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on March 13, 2014, starting at 10.30h CET. This auction was carried out within the MIBEL Derivatives market managed by OMIP.

A volume of 400 PTEL Baseload Quarter Futures were auctioned for the delivery period of the 2nd quarter 2014 (200) and 3rd quarter 2014 (200), which corresponds to the total volume of 878,400 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 eight OMIP members participated in this auction and four ended up with allocated volumes on the 2nd quarter 2014 and four on the 3dr quarter 2014. The quantity auctioned was completely allocated at a closing price of 38.50€/MWh for the 2nd quarter 2014 and 51.85€/MWh for the 3rd quarter 2014, following a total of 10 rounds.

The allocated quantities were registered for clearing and settlement with OMIClear - the Clearing House of the MIBEL Derivatives Market.