18th FTR Auction for Portugal-Spain Electrical Interconnection Results

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.