AUCTION-OFFICE

FAQs

What is the function of the Auction Ofice?

The capacities are offered only by APG or jointly by the responsible transmission operators. The Auction itself is carried out by the Auction Office in accordance with specific rules and the regulations set out by the respective law and by the responsible Regulatory Authorities.The reason for this type of congestion management is, that the demand for transmission capacity between the countries is much higher than the available capacity. Performing an auction of the available capacity provides a transparent method for the allocation of these capacities.


What types of auctions will be held by the Auction Office?

Yearly, monthly and daily auctions will be held for the reservation of the capacity in both directions. Yearly auctions will be held for the reservation of capacity for the following year. The remaining capacity shall then be offered for reservation in monthly auction procedures. The remaining capacity after the monthly auction shall then be offered for reservation in daily auction procedures. The daily auction between Austria and Slovenia and from Austria to Italy (one direction) are also held by the Auction office. The daily auction will be organised by CEPS, swissgrid, TERNA and MAVIR respectively.

What types of capacity will be auctioned?

Auctions will be performed for the reservation of the capacity for the baseload and the peakload products. Baseload is the continous block of 24 hours (00:00 to 24:00). Peakload is the block from 08.00 to 20:00 (CET) on workdays, Monday to Friday, except the public holidays listed in the Annex of the specific auction rules.

Exception: At the Austrian-Swiss Border only baseload capacities are offered.

 

How can I participate in the auctions?

Every participant has to fulfil the registration requirements and has to send  the registration form (see Annex of the specific auction rules) to the Auction Office.

In order to participate in the capacity auctions the participants have to submit bids to the Auction office before the published deadline. Bids have to be sent via the electronic based platform.

How much capacity will be auctioned?

The amounts to be auctioned at the yearly respectively the monthly auctions are published at this website under "Timing of Auctions Czech Republic", "Timing of Auctions Hungary" or "Timing of Auctions Slovenia" or "Timing of Auctions Italy" or "Timing of Auctions Switzerland".

How can I find the deadlines for the bid submission and the available capacities to be auctioned?

The actual deadlines and available capacities will be published and updated by the Auction office on the website "Timing of Auctions Czech Republic" and "Timing of Auctions Hungary" or "Timing of Auctions Slovenia" or "Timing of Auctions Italy" or "Timing of Auctions Switzerland".

How is the auction procedure for the reservation of capacities carried out?

Please find detailed information about the auction procedure in the rules of the concerning border or on the following websites: "Auction Procedure Czech Republic" or "Auction Procedure Hungary" or "Auction Procedure Slovenia" or "Auction Procedure Italy" or "Auction Procedure Switzerland".

How can reservations from the yearly auction and the monthly auctions be transferred to other interested market users by auction participants?

Reservations from the yearly and the monthly auction can be transferred by auction participants to other interested market participants only by whole calendar week(s) (Monday 0:00 to Sunday 24:00). Such use is only allowed by legitimated market participants fulfilling the General Requirements for Participating in the Auction Procedures, the transfer of reserved capacities purchased in the course of yearly and monthly auctions and the use of capacity set out in the respective auction rules. The auction price of the relevant month to which the transferred capacity belongs have to be paid before the transfer (incoming payment on the account).

Where can I find the auction results?

The results of the auctions (allocated capacity, price) will be published by the Auction office on this homepage under "Auction Results Czech Republic" and "Auction Results Hungary" or "Auction Results Slovenia" or "Auction Results Italy" or "Auction Results Switzerland". The earliest date of publication can be seen under  "Timing of Auctions Czech Republic" and "Timing of Auction Hungary" or "Timing of Auctions Slovenia" or "Timing of Auction Italy" or "Timing of Auctions Switzerland".

 

Where can I find information regarding invoicing?

Information for the financial transactions can be found on this homepage under "Financial Settlement Czech Republic" and "Financial Settlement Hungary" or "Financial Settlement Slovenia" or "Financial Settlement Italy" or "Financial Settlement Switzerland".

Where can I find the address of and contact to the Auction Office?

The contact and the bid submission address of the Auction Office can be found under "Contact".


 

© 2007 RIECADO

Alsbachstraße 14-16, A-1090 Wien
Tel: 0043- 1-2537272-90, Fax: 0043- 1-2537272-96
www.auction-office.at