|
All NEMO Committee Communication note: 12 June 2023
All NEMOs to modify the threshold that triggers second auction procedure in April and May 2023
Due to the recent market circumstances specifically in The Netherlands, the Nominated Electricity Market Operators (NEMOs) operating the Single Day-Ahead Coupling have decided to modify the lower threshold that triggers the 2nd auction procedure from EUR -150 to EUR - 500 per MWh.
The goal of this change is to maintain security of operations by avoiding triggering second auctions in the most affected countries on a regular basis and thus binding operational resources, which could endanger the Market Coupling session by increasing the risk of Full Decoupling.
The change will be implemented as of 15 June (first trading day) for delivery date 16 June, except Czech Republic, where the change will take place from Thursday 22 for delivery date 23 June.
The second auction procedure is triggered when certain price levels are reached in the coupled Day-Ahead auction, in order to allow market participants to review their positions when price levels are higher/lower than usual.
The following countries are affected by the threshold switch to -500 EUR:
- Austria
- Belgium
- Croatia
- Czech Republic
- Estonia
- France
- Germany
- Hungary
|
- Ireland and Northern Ireland
- Latvia
- Lithuania
- Portugal
- Romania
- Slovenia
- Spain
- The Netherlands
|
The countries not explicitly mentioned in this note, are not affected by this change.
*****
About OPCOM
OPCOM is the Romanian Electricity and Gas Market Operator. Since 2000, OPCOM has been committed to strengthen a market place 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 13.06.2023 
| 
