Participation
How the capacities are auctioned:
Please find the information about reserving the capacities under Auction Procedure.
Admission Requirements
In order to qualify for participation in yearly and monthly auctions, the Auction Participant must comply with all requirements set forth in the yearly and monthly Auction Rules.
In any case the Auction Participant has to fulfill the following requirements:
-
Recognition by the Austrian regulatory authority as representative of a balance group or
- has signed a membership to an Austrian recognized Balance Group and
- BG-Contract with swissgrid
For registration please use the form below (Annex 6 of the Auction Rules).
PLEASE NOTE 6.2, 10.1 and 10.2 of the Auction Rules
The Auction Participant has to provide APG a Bank Guarantee issued by a bank with long-term credit rating of “BBB-” (S&P) or “Baa3” (Moody’s) or “BBB-“ (Fitch/IBCA) or higher securing overdue payment. The minimal amount of the Bank Guarantee, which has to be submitted by the Auction Participant to the Auction Office Austria in order to participate in the auctions, is fifty thousand (50.000) euro. The detailed Bank Guarantee conditions are set out in article 10, the Bank Guarantee form is shown in ANNEX 9.
An Auction Participant, who has been declared bankrupt or insolvent or granted suspension of payment or against whom a petition for bankruptcy, insolvency or suspension of payment has been filed does not qualify for participation in the auctions.
10.1. Financial Guarantee
To secure the payment of the Auction Price the Auction Participant who has
obtained Reserved Capacity shall provide APG a Bank Guarantee with the minimum conditions set out
in article 6.2. As soon as the Auction Participant acquires Reserved Capacity at the yearly
auction(s), he has to increase the amount of his Bank Guarantee to the
amount which covers all outstanding debts resulting from the yearly auction(s) of Reserved
Capacity within 5 (five) Working Days. Otherwise he can lose the Reserved Capacity acquired at the
yearly auction(s) and won’t be allowed to participate in the further auctions or in the secondary
market until he has provided a Bank Guarantee with the amount requested. The new Bank Guarantee has
to be provided to APG both via e-mail (netz.apg@verbund.at) and via post (original) within 5
(five) Working Days.
Instead of increasing the amount of the Bank Guarantee Auction Office Austria will accept in
advance payment for the total amount for all kind of auctions
(e.g. yearly and/or monthly auction) within five Working Days after the publication of the
auction results (relevant deadline Y3, see article 8.1 and/or relevant deadlines M3; see article
9.1) to the account set out in article 10.2. 10.2. Austrian Business Account and Direct Debit
Authorisation. Additionally to the Bank Guarantee the Auction Participant who has aquired
Reserved Capacity has to communicate to APG an Austrian business account within five
Working Days after the publication of the auction results (relevant deadlines Y3, see article
8.1 and/or relevant deadlines M3; see article 9.1); has to enable APG to effectuate
automatic collection with a direct debit
authorization from an Austrian business account in APG´s favour (the form for the direct
debit authorization is shown in ANNEX 5).
If the Auction Participant is not able to communicate an Austrian Business Account to APG, APG will accept in advance payment for the total amount for all kind of auctions (e.g. yearly and/or monthly auction) within five Working Days after the publication of the auction results (relevant deadline Y3, see article 8.1 and/or relevant deadlines M3; see article 9.1) to the following account:
In case of advance payment please contact APG:
VERBUND-Austrian Power Grid AG
Address Wagramer Straße 19, IZD-Tower
Country A-1220 Vienna, Austria
Tel.: +43 (0)50313 0
E-Mail netz.apg@verbund.at 177696v
FN
EU VAT ID Number (UID) ATU46061602
Banking details
Name of our bank Bank Austria Creditanstalt AG
Address Am Hof 2
Country A-1010 Wien
IBAN AT06 1200 0506 1660 3600
S.W.I.F.T. code BKAUATWW
By submitting the duly signed and completed Bid Message to the Auction Office Austria the Auction Participant confirms that he has red, understood and accepted the present Auction Rules and that he will follow any and all instructions given by the Auction Office.