HAR – Auction platformchanges

Dijana Martinčić

SEE CAO HAR Workshop with Market ParticipantsBečići, November 10th 2017

Harmonized Allocation Rules (HARs)

SEECAOSystem

BiddingRules

Credit LimitManagement Rules

AuctionEvaluation

Rules

TerminologyChanges

Process Timing

Capacity TransferPrinciples

Capacity ResalePrinciples

InformationPublication

and Distribution

SEECAO SystemCompliant

with the HARs

FTR Auctions NominationCurtailment

Introduction

Auction detail form

Bidding

Bids validation

against Credit Limit

against Bid Price

Auction statistics

Congestion income information

New price curve

Secondary market

Switch company functionality

Credit Limit calculation 2017/2018

Auction Platform modifications

Auction ID Type of Long-term Transmission Rights Deadline for return Bidding Period Deadline for the publication of the preliminary Auction

Results Contestation Period Deadline for the publication of the final Auction Results Form of product for LT Auction only

Auction detail form

Auction detail form

Bidding rules:

Minimal Bid Price = 0€/MWh

Bid Price must be different for each Bid of the same

Registered Participant

Cancellation of bid(s)

Generation of default bids during bidding Gate Open

Bid file upload (.xml) – all uploaded bids are overwritten with

bids from Bid file

Bidding

Bidding – uniqe bid price

Bidding – cancellation of bid(s)

Bid(s) exceeding the Offered Capacity

Completely rejected

Default bids exceeding the Offered Capacity

rejected by lower Bid price

Bids exceeding the Credit Limit

Warning during bidding

Insufficient collaterals as reason for rejection in Auction results

Bids exceeding the Credit Limit validity date

Rejected (30 days after the end of the product period)

Bid validation

Bid validation – Credit Limit

Bid validation – Gate closure

• Change of Marginal bids algorithm• Marginal bids (bids with the same bid price which are exceeding the

remaining OC) are allocated equally

• Possibility to remain with an unallocated capacity!

Remaining Offered Capacity = 12

Marginal bids Auctionevaluation(1)

Auctionevaluation(2)

Allocated Unallocated

7 3 1 4 3

5 3 1 4 1

3 3 fully satisfied 3 0

Total: 15 Total: 9 Total: 2 Total: 11 Total: 4

Remaining unallocated = 12 – 11 = 1

Long-term Auction evaluation

• Change of Marginal bids algorithm• Marginal bids (bids with the same bid price which are exceeding the

remaining OC) are allocated equally• Remaining unallocated shall be allocated according to Bid time

stamp• All remaining capacity is allocated!

Daily Auction evaluation

Remaining Offered Capacity = 12

Marginalbids

Auctionevaluation(1)

Auctionevaluation(2)

Auctionevaluation(3)

Allocated Unallocated

7 3 1 TIME STAMP: 1 5 2

5 3 1 0 4 1

3 3 fully satisfied fully satisfied 3 0

Total: 15 Total: 9 Total: 2 Total: 1 Total: 12 Total: 3

Remaining unallocated = 0

• Congestion Income per Bidding Zone

• Due amount per trader

• Due amount per trader in monthly installment

Auction statistics

Auction statistics – long term

Auction statistics - daily

• New Bid Curve:

• List of registered Bids without identification of the

Registered Participants

Auction statistics

Transfer Gate closure: D-2 12:00 (D-2 10:00)

Time for transfer confirmation:

4 hours after transfer is initiated, or

Until Transfer Gate closure

Secondary market

Transferee message board - notification for transfer to be confirmed

Transferor message board - confirmation/cancellation message

Secondary market - transfers

Secondary market - transfers

Resale cancellation by reducing amount to zero

Secondary market

One user account for several companies

Same login and password

Switch company without logging out

Switch company

Compensations will not be considered for auctions for 2018

Checkbox Use new HARS implemented

Checkbox „unchecked“ – 2017 calculation displayed

Checkbox „checked“ – 2018 calculation displayed

Credit limit 2017/2018

I. Curtailment before DAFD of LT PTRs

II. Curtailment after DAFD of nominated and not-nominated PTRs (UIOSI)

III. Curtailment of daily PTRs on TSOs

• Compensation regime for LT – initial marginal price

• Notification by e-mail to transmission rights holders

Curtailments

DAFD/08:00

D AuctionSpecification

CAS

LT PTRs NOMUIOSI

NOMTSO - Daily PTRs

D AuctionResults

Thank you for your attention!

Dijana Martinčić, dipl.ing.el.

Deputy Executive Director/IT Expert

Coordinated Auction Office in South East Europe

Moskovska 39, Podgorica, Montenegro

+382 20 414 792

+382 67 000 404dijana.martincic@seecao.com

www.seecao.com