Auction Procedure

How are the bids valued?

After expiry of the deadline the auction will be held according the regulatory framework. In case two ore more delivered bids offer the same price per MW for the auctioned capacities, the earliest will take priority (the decisive criterion is the time and date of receipt of the bid).

When does the price amount to zero?

If the total amount of the requested reservation of ATC is smaller than the ATC for reservation, payment for congestion management procedure will amount to zero, i.e. each Auction Participant will receive the reserved capacity according to his bid and free of charge at the bottleneck.

How is the price calculated?

If the total amount of the requested reservations of ATC for reservation exceeds the ATC, the price for the reservation of capacities shall be determined by the bid with the lowest price offer fully accepted by the Auction Office in the allocation process of the auctioned ATC (Auction Price). This Auction Price shall be paid by all Auction Participants receiving a reservation of capacity. All Auction Participants receiving a reservation of capacity shall be deemed to have purchased the reservation of capacity. Any remaining ATC shall be transferred to the monthly auctions.