SDAC Communication note
11 April 2022:
Harmonised maximum clearing price for SDAC to be set to +4,000 EUR/MWh from 10th May
In line with the Harmonised Maximum and Minimum Clearing Prices (HMMCP) Methodology in accordance with Article 41(1) of Commission Regulation (EU) 2015/1222 of 24th July 2015 (CACM Regulation), the harmonised maximum clearing price for Single Day-Ahead Coupling (SDAC) shall be increased by 1,000 EUR/MWh if the clearing price exceeds a value of 60 per cent of the harmonised maximum clearing price for SDAC in at least one market time unit in a day in an individual bidding zone or multiple bidding zones. This decision follows the high prices of 2,712.99 and 2,987.78 EUR/MWh reached on 3rd April 2022 (delivery date 4th April) in France, in hours 8 and 9, respectively.
The current harmonised maximum clearing price for SDAC is +3,000 EUR/MWh, which will increase to +4,000 EUR/MWh. The new maximum clearing price shall apply in all bidding zones that participate in SDAC, from five weeks after the day the event referred to has taken place. In this case, therefore, it will apply from 10th May 2022 (first trading session).
However, the new maximum clearing price threshold to be reached to trigger the increase of the maximum clearing price is set to 2,400 EUR from the day following detection (thus applicable from 4th April, in this case), as the value of 60 per cent of the new +4,000 EUR/MWh harmonised maximum clearing price.
The HMMCP methodology is available on the NEMO Committee webpage here.
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About OPCOM
OPCOM is the Romanian Electricity and Gas Market Operator. Since 2000, OPCOM has been committed to strengthen a marketplace where energy and environmental certificates are traded in conditions of transparency and integrity. Today, the trading portfolio offered by OPCOM ranges from electricity products to gas products, as well as green certificates. More than 900 companies are using the products available for trading on short-term electricity, gas and green certificates markets as well as on term markets for electricity, gas and green certificates bilateral contracts. In addition to this role, OPCOM is responsible for settlement of the transactions concluded on short-term energy markets, Balancing Market as well as the Imbalances of the Balancing Responsible Parties. OPCOM also manages the Green Certificates Register. Today, OPCOM is acting as Registered Reporting Mechanism under REMIT managing more than 480 reporting agreements on its electricity and gas markets. OPCOM was designated by the Romanian Energy Regulatory Authority as Nominated Electricity Market Operator (NEMO) in accordance with the Regulation (EU) 2015/1222 for fulfilling tasks related to the coupling of the day-ahead and intraday markets.
OPCOM applies the Quality Management System complying with ISO 9001 - SR EN ISO 9001, respectively the Information Security Management System complying with ISO/IEC 27001 - SR EN ISO/IEC 27001, both systems being certified by Lloyd's Register LRQA.
For more information about OPCOM, please visit us at www.opcom.ro
Communication note 11.4.2022 
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