[ExC_01]: Thresholds reached - Reopening of the order books
Dear Member,
Due to the exceeding of the predefined price thresholds, a Second Auction is triggered.
Consequently, the PX order books will be reopened at 12:50 (CET) for exactly 15 minutes.
Therefore, the publication of the Market Coupling Results is delayed.
High/low prices are detected for the following bidding areas and 60 min:
Bidding Area High/Low Period
NL (NL) Low 13 - 14
Low 14 - 15
Disclaimer: The timings are expressed as CET timings.
Disclaimer for entering or modifying orders:
In case a Second Auction is triggered, an Exhange Member is authorized to adjust its orders according to the following rules:
a) For all hours(s) for which thresolds have been reached:
- In case of high prices: add sale volumes, remove purchase volumes, lower the prices of the sell and/or purchase Orders;
- In case of low prices: add purchase volumes, remove sale volumes, increase the prices of the sell and/or purchase Orders;
b) For all hours(s) for which thresolds have not been reached:
- Order modification is authorized if the Exchange Member can justify its intention to improve the situation of the markt Area and hour(s) for which thresolds have been reached.
Please refer to the PX Operational Rules for other specific cases.