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12th Special Regime Energy Auction


The twelfth Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on September 24th, 2014, starting at 10.30h CET. This auction was carried out within the MIBEL Derivatives market managed by OMIP.

A volume of 500 PTEL Baseload Quarter Futures were auctioned for the delivery period of the 4th quarter 2014 (200) and 1st quarter 2014 (200) and 100 PTEL Baseload Annual Futures for the delivery period of the 2015 year, which corresponds to the total volume of 1,749,600 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 eleven OMIP members participated in this auction and seven ended up with allocated volumes on the 4th quarter 2014, three on the 1st quarter 2015 and four on the year 2015.

The quantity auctioned was completely allocated at a closing price of 49.40€/MWh for the 4th quarter 2014; 47.70€/MWh for the 1st quarter 2015 and 47.44€/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.