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28 July 2022

UFE answers the consultation of market operators committee NEMO on harmonized maximum and minimum clearing prices for SDAC and SIDC

UFE answers the consultation of market operators committee NEMO on harmonized maximum and minimum clearing prices for single day-ahead coupling (SDAC) and for single intraday coupling (SIDC). UFE recalls its support for free power price formation which amongst others guarantees optimising available generation means. UFE supports the fact that intraday auctions clearing prices follow the same principles as for SDAC, differentiating themselves from single intraday continuous.

UFE calls for a public workshop between ACER, NEMOs and market participants to be organised to discuss the choice of all parameters embedded in the harmonized maximum and minimum clearing prices methodology, in particular :

  • when to decrease the maximum clearing price if the maximum clearing price shows to be unnecessarily high (if kept above 3000€/MWh for SDAC),
  • when the change of clearing price threshold should effectively take place
  • whether an increase by steps of 1000€/MWh should be reconsidered

In particular, regarding the current 60% rule above which there is a systematic SDAC clearing price increase, UFE warns against the risk of runaway energy prices, particularly in the potential event of system adequacy issues in the coming winters and calls for the implementation of a certain inertia in the clearing price increase. UFE asks that during the above workshop, the parameters for the 60% rule be reviewed by October 2022. The French regulator CRE has called for such a revision before October 2022 or for suspending the systematic clearing price increase otherwise.

Links and related documents

UFE answers the consultation of market operators committee NEMO on harmonized maximum and minimum clearing prices

pdf (311.37 KB)

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