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News | 19 Jun 2018

19th FTR Auction for Portugal-Spain Electrical Interconnection Results

Secção: 

On the 19th of June, OMIP – the Iberian power derivatives exchange, has successfully held the quarterly Auction with unique features in the European power market: the 19th 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 3rd Quarter of 2018 and 200 MW for the 4th 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:

0.03 €/MWh for the FTR E-P – 3rd Quarter 2018;
0.06 €/MWh for the FTR P-E – 3rd Quarter 2018;
0.04 €/MWh for the FTR E-P – 4th Quarter 2018;
0.12 €/MWh for the FTR P-E – 4th Quarter 2018.

The next FTR Auction will occur in September 2018.