[ExC_01]: Second Auction

Dear Market Participants,

Due to the exceeding of the predefined price thresholds, a Second Auction is triggered.

Consequently, the NEMO order books will be reopened at 12:50 for exactly 15 minutes.

Therefore, the publication of the Market Coupling Results is delayed.

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High prices are detected for the following bidding areas and hours:

Disclaimer: The Timings are expressed as CET timings.

Disclaimer for entering or modifying orders:

In case a Second Auction is triggered, an Exchange Member is authorized to adjust its orders according to the following rules:

a. For all hour(s) for which thresholds 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 hour(s) for which thresholds have not been reached:

·Order modification is authorized if the Exchange Member can justify its intention to improve the situation of the Market Area and hour(s) for which thresholds have been reached.

Please refer to the NEMO Operational Rules for other specific cases.

Therefore, if relevant, we advise you to update your shadow bids at JAO eCAT platform before 12:35.

Best regards,
Operations Team