Harmonized Minimum and Maximum Clearing Price - SDAC Process Trigger
Affected Period
Status
Closed
Category
SEMOpx
Run type
Created
24/11/2023 09:10
Last Updated
24/11/2023 09:24
Dear Market Member,
During the Day Ahead
Auction of trade 24th November, an issue was encountered relating the
Harmonized Minimum and Maximum Clearing Price (HMMCP) process being triggered,
with a minimum price trigger of -500 being encountered in the Finnish Bidding
Zone. As a result, SDAC have now entered the 'observation period' of the
HMMCP procedure, with the start date of this period being 24 November 2023 and
will be ending on 23 December 2023 (trading day).
As a reminder, if a minimum
price of at least 70% (-350 euros/MWh) of the minimum clearing price (-500
euros/MWh) is encountered in the SDAC market (in one bidding zone, for at least
one trading period) until the end date of 23/12/2023, the HMMCP procedure will
be triggered and the minimum low price will need to be decreased by 100
euros.
Should you have any
question, please do not hesitate to contact us.
Kind regards,
SEMOpx Team