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2
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Auctions (1)
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Auctions (2)
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Author Conference place and date 4
Auctions (3)
Daily, monthly and quarterly products that can be combined in auctions to form any
necessary or desired contract duration, with a start and end date within the dedicated
contract window of that auction
Contract description Contract duration Building blocks of Share of total Auction type
Capacity products calculated capacity
Long term firm Up to ‘x’ years, start and Quarterly Maximum 80% Volume based – price is
end date should be based on long run
between Y+1 and x marginal cost of
investment
Short term firm Monthly, Month ahead, Daily, Monthly Remaining capacity from Price based – reserve
Daily, Day ahead, Within previous auctions plus price can be set at zero.
day short-term re-calculated Cleared price auction
capacity
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Cross border elements
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Author Conference place and date 6
Consultation
7
Author Conference place and date 7
Way forward
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Author Conference place and date 8
European Federation of Energy Traders