Annex 2 :Timeline t M-n M-1 D-2 D-1 D Yearly explicit auction (part1)

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Presentation transcript:

Annex 2 :Timeline t M-n M-1 D-2 D-1 D Yearly explicit auction (part1) Monthly explicit auction (part2) Daily implicit auction (part 3) (deadline for exchange and clearing) D-1 deadline for internal nominations (TSO gateclosure) Deadline for title transfer of right (closure of SCRM) Secondary Capacity Rights Market LT cross border nominations Deadline D-1 for use of the rights (UIPYOSITM) Continuous Cross Border intra-day Hourly H-1 intra-day deadline t M-n M-1 D-2 D-1 D

Annex 3 : Payment scheme SCRM (secondary market LT) UIPYOSITM (LT) TSO as buyer on SCRM SCRM (secondary market LT) LT Capacity Owners Auction office Payment after explicit auction LT Capacity Buyers TSOs Remainder Remainder = (LT + ST) auction revenu minus UIPYOSITM TSO use remainder for PRIORITY use : Firm capacity rights (incentivisation scheme) New interconnections Reduction tariffs Payment after D-1 alloccation Coupled Power Exchanges D-1 explicit auction Buyers

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