On the 15th of March, OMIP – the Iberian power derivatives exchange, has successfully held the quarterly Auction with unique features in the European power market: the 18th auction of Financial Transmission Rights (FTR) for the Portugal-Spain electrical interconnection.
Regarding the results of the FTR auction:
300 MW of optional FTR were auctioned for each direction of the cross-border capacity for the 2nd Quarter of 2018 and 200 MW for the 3rd Quarter of 2018 for each direction.
OMIP is pleased to announce that several Iberian and Non-Iberian entities participated in the auction, and the auctioned quantities were awarded at:
0.12 €/MWh for the FTR E-P – 2nd Quarter 2018
0.11 €/MWh for the FTR P-E – 2nd Quarter 2018
0.05 €/MWh for the FTR E-P – 3rd Quarter 2018
0.07 €/MWh for the FTR P-E – 3rd Quarter 2018
The next FTR Auction will occur in June 2018.