Binding wording of Auction Rules for HU-HR and SI-HR borders 2013 published

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Last Updated on Saturday, 02 February 2013 11:29

CAO would like to inform, that the Binding rules for Coordinated Auction of Transmission Capacity on the HU-HR and SI-HR Border were published on CAO webpage.

The registration process for Coordinated Auction of Transmission Capacity on the HU-HR and SI-HR Border has now started, please find the registration documents and Agreement on Joint Utilisation of Risk Management Instruments here.

CAO would also like to highlight several important information regarding the Auctions 2013 on CEE and HU-HR & SI-HR borders:

PTR Transfer

  • It is forbidden to transfer PTR allocated on HU-HR, SI-HR borders to a company which doesn’t have a framework contract with CAO for HU-HR, SI-HR borders and analogically it is forbidden to transfer PTR allocated on CEE borders to a company which doesn’t have a framework contract with CAO for CEE borders. We plan to implement technical means to restrict automatically such transfers in auction ePortal by the end of December 2012.

Collaterals

  • If you wish to participate on auctions for CEE and HU-HR, SI-HR borders and use separated collaterals for CEE borders and HU-HR, SI-HR borders, unique EIC of the company registering for HU-HR, SI-HR borders is required
  • If you wish to participate on auctions for CEE and HU-HR, SI-HR borders and use joint collaterals, please provide us with two exemplars of signed Agreement on Joint Utilisation of Risk Management Instruments. We will return to you one exemplar when signed by CAO.
  • If your company has a valid Bank guarantee as a collateral for CEE Auctions this bank guarantee shall be amended or replaced to the same date as the Agreement on Joint Utilisation of Risk Management Instruments come into force. Therefore the Agreement on Joint Utilisation of Risk Management Instruments delivered by an Auction Participant will be signed by CAO only in case that the bank guarantees registered by CAO for the Auction Participant fulfill requirements of the Agreement on Joint Utilisation of Risk Management Instruments.

Yearly Auction 2013 on CEE and HU-HR, SI-HR borders

  • Registration deadline for Yearly Auction 2013 is 10.12.2012 at 12:00 CET/CEST (noon)
  • Offered capacity for Yearly Auction 2013 will be published on 28.11.2012
  • Gate for submitting bids to Yearly Auction 2013 will be opened on 10.12.2012 at 12:00 CET/CEST (noon)
  • Bank Guarantee to be used for yearly Auction Process 2013 shall be delivered by 12:00 CET/CEST (noon) on 11.12.2012
  • Credit Deposit to be used for yearly Auction Process 2013 shall be credited to CAO account by 11.12.2012
  • Validity time of the Bank Guarantee to be used as collateral for Yearly Auction must be at least from 12.12.2012 till 10.01.2014
  • Results of Yearly Auction 2013 will be published on 12.12.2012 by 15:00