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5th Special Regime Energy Auction


The fifth Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on December 13, 2012, starting at 12.00h 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 1st quarter 2013 (200) and 2nd quarter 2013 (200). Also, 100 PTEL 2013 Baseload Year Futures were auctioned, which corresponds to the total volume of 1,744,600 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 eight OMIP members participated in this auction and five ended up with allocated volumes. The quantity auctioned was completely allocated at a closing price of 52.90 €/MWh for the 1st quarter 2013, 50.55 €/MWh for the 2nd quarter 2013 and 53.05 €/MWh for the annual contract of 2013, following a total of 5 rounds.

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