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Auction Market Maker

Description of Market Makers

Description of Market Makers

In accordance with the market rules for electricity, APCS has introduced Market Makers to cover the tertiary control reserve requirements in the balance area APG. The extent of the required market making is defined by the system operator APG. Currently, the tendered minute reserve is 100 MW on the receiving side and 125 MW on the supplying side.

A requirement for participation as a Market Maker is the conclusion of the Market Maker contract with APCS.

Auction Market Maker for Minute Reserve

Auction Market Maker for Minute Reserve

The Market Makers make bids for the minute reserve (capacity requested by APCS) at weekly auction procedures via an Internet platform. The best bidder is awarded the bid. The price for the power supplied is remunerated for the bids for a supply period of seven days after the end of the monthly clearing.

There is no obligation on the Market Maker to make a bid. APCS publishes the latest time by when the bids must be placed; as of this time, Market Makers who have placed bids are bound by them. The bids submitted are automatically ranked in accordance with the provisions of the Annex Balancing Energy Management.

Ranking of Market Maker Bids in the Day-ahead Market

Ranking of Market Maker Bids in the Day-ahead Market

The bids of the best bidders are ranked in the Merit Order List according to their energy price in the segment for daily (day ahead) bids; the Merit Order List does not give any preference or discriminate Market Maker bids. The energy prices of Market Maker bids may be adjusted in the course of the week (day ahead); the ofered volume may not be changed. The energy price of the market maker bids called is settled within the framework of the 1st clearing.

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