Home Knowledge Base BritNed Basics
Auction Example

Auction Example

3. Provisional Auction Results

Higher reserve price

After the auction closed at 11:40 on 16 Jul 2021, the 8 customers participating in the auction had their bids ranked. For this auction, there is a Reserve Price of €1.75.

The auction system will allocate capacity until the offered capacity or the reserve price is reached. Traders 5 and 4 submitted a price above the reserve price and their cumulative requested capacity is less than the offered capacity so it will be the reserve price that will set the marginal price and clear the auction.

All bids below the reserve price will be discounted from the evaluation which will result in the following for each customer:

The 120MW that was unallocated in this auction will be offered in a subsequent auction. You can return to Auction Basics to continue reading about the final stages of an auction.

We use cookies to provide you with a great user experience and analyse site traffic . By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy.