Common consultation of NEMOs is launched about the removal of second auction procedure
Consultation material is available until 8th of January 2024
The NEMOs cooperating within the Single day-ahead coupling (SDAC) are launching a coordinated consultation, related to the potential removal of the so-called Second Auctions.
This procedure is applied during the Market Coupling process in case the prices of one or several concerned areas reach or exceed the predefined thresholds.
The list of the countries/bidding areas, where Second auctions are currently organized, is the following: Austria, Belgium, Croatia, Czech Republic, Estonia, France, Germany, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal, Republic of Ireland, Romania, Slovakia, Slovenia and Spain.
As second auction is not mandatory, and the benefits are not clear, NEMOs are considering to withdraw this procedure.
The full consultation material until 8th of January 2024 is available HERE >>
Evaluation of results will follow until 29th of February 2024.