OTE a.s., together with other Nominated Electricity Market Operators (NEMO) cooperating within the Single day-ahead coupling (SDAC), informs market participants about the removal of the second auction on the day-ahead electricity market, effective from January 29, 2025 (for the delivery day of January 30, 2025).

In the event of reaching or exceeding the threshold values of marginal prices during the Market Coupling process, the day-ahead market will not be reopened, meaning that the Second Auction will not be declared. In these cases, the market operator will therefore not apply respective provisions of the Business Terms of OTE, a.s., for the Power Sector. A similar approach will be applied to other markets in Europe within the SDAC except for the Baltic states, where the option to declare a second auction will remain until 15-minute products are introduced on the day-ahead market in this region.

This change follows the results of the public consultation related to the potential removal of the second auctions (the Consultation Report is available for download on the Nemo Committee website), launched at the beginning of 2024 by NEMOs cooperating within the SDAC.

Official NEMO Committee communication note can be found here.