The auction publications regarding the offered capacities are accessible on the RBP Portal.
A Network User shall be entitled to participate in the auction, if,
till 14.00 (UTC) 5 November 2015
A. has completed the registration at the RBP Portal.
B. has concluded the Network Usage Framework Contract.
C. has submitted the copy of the full or limited trading license granted by the Hungarian Energy and Public Utility Regulatory Authority, whichever is applicable.
till 11.00 (UTC) 6 November 2015
D. has submitted the auction security (guarantee or cash deposit) to FGSZ Ltd. and has free limit at RBP.
The opening time of the above mentioned auctions shall be 9 November 2015 at 08.00 (UTC), which shall mean 09.00 o’clock in Hungary (CET) and which date corresponds to the date of the auction calendar published by the ENTSOG. In the auction the Network Users may submit bids for the required volume in subsequent auction rounds applying pre-determined price steps (ascending clock auction). With regard to the auction process, further information can be found in the ‘Capacity Booking Platform Regulation’ and in the ’User Manual for the Bidder Role’.
The reserve price shall be the capacity fee stipulated by the Tariff Decree (1/2013. (VII. 11.) MEKH Decree), expressed in GCV-based HUF/kWh/h/month at 25⁰C°/0⁰C reference temperature. Price steps mean the auction premium on top of the reserve price, expressed in a percentage of the reserve price. Network Users with a winning bid in the auction are obliged to pay the capacity fee related to the obtained capacity and the eventual auction premium calculated on the basis of the underlying price step.
After the capacity auction is closed, the allocated capacities will be registered in the Contract Management module of FGSZ’s Informatic Platform. Such capacities shall be approved in the module by FGSZ only if the winning Network User has provided the contractual security as well.
The capacities obtained during the auctions launched according to the above data can be used between 1 and 31 December 2015.
Should you have any questions regarding the auctions, please do not hesitate to contact us at email@example.com.