Message

Affected Period

Status
Closed

Category
SEMOpx

Run type

Created
24/11/2023 14:36

Last Updated
24/11/2023 15:29

Dear Market Member,

The NEMOs cooperating within the Single day-ahead coupling (SDAC) are launching a coordinated consultation, related to the potential removal of the Second Auctions. The second auction is established under the Day-ahead Operational Agreement (DAOA) and is applied during the Market Coupling process in case the prices of one or several concerned areas reach or exceed the predefined thresholds. The process consists of reopening the NEMOs order books for 15 minutes, to give the Market Participants the opportunity to modify their bids in order to improve the market situation. However, over the past few years this process has not had the desired outcome and has in fact led to an increase in operational risks. More information on the consultation can be found on the NEMO Committee website. See link below. 

The consultation starts from the 24th Nov 2023 with a deadline of the 8th Jan 2024. Market participants are encouraged to review the consultation material and provide a response.  

Public Consultation on potential removal of second auction

Kind regards,

SEMOpx Team