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 [email protected]
www.seecao.com