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9th Special Regime Energy Auction


The ninth Special Regime Auction for electricity acquired by last resort suppliers to Special Regime Producers was held on December 12, 2013, 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 1st quarter 2014 (200) and 2nd quarter 2014 (200) and 75 PTEL Baseload Annual Futures for the delivery period of the 2014 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 seven OMIP members participated in this auction and four ended up with allocated volumes on the 1st quarter 2014, four on the 2nd quarter 2014 and four on the year 2014. The quantity auctioned was completely allocated at a closing price of 53.80€/MWh for the 1st quarter 2014; 44.30€/MWh for the 2nd quarter 2014 and 50.00€/MWh for the year 2014, 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.