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13th Special Regime Energy Auction

The thirteenth Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on December 18th, 2014, starting at 10.30h CET. This auction was carried out within the MIBEL Derivatives market managed by OMIP.

A volume of 475 PTEL Baseload Quarter Futures were auctioned for the delivery period of the 1st quarter 2015 (200) and 2nd quarter 2015 (200) and 75 PTEL Baseload Annual Futures for the delivery period of the 2015 year, which corresponds to the total volume of 1,525,600 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 ten OMIP members participated in this auction and nine ended up with allocated volumes on the 1st quarter 2015, eight on the 2nd quarter 2015 and ten on the year 2015.

The quantity auctioned was completely allocated at a closing price of 43.60€/MWh for the 1st quarter 2015; 41.35€/MWh for the 2nd quarter 2015 and 46.04€/MWh for the year 2015, following a total of 9 rounds.

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