The auction model was a descending clock, consisting of eight lots, according to the criteria of technology (Solar, Wind, Hydro, and Thermal) and production periods (May 2022, June 2022 and July 2022). The majority of the GOs (2.36TWh, 72%) were from Wind, followed by 0.44TWh of Thermal GOs. All the offered volumes were sold out, and the sold volumes decreased by around 6% compared to the previous auction.
Furthermore, the marginal prices of 2022 vintages for all technologies increased by around 76% (+82% for Wind!) in comparison to the previous auction. Relative to OTC prices on 14 September 2022, prices for Wind GOs (in the auction) were at a premium of 6 Eurocents, prices for Thermal with a much more important premium of 40 Eurocents, while prices for Hydro traded at parity and Solar auctioned GOs at a 7 Eurocents discount.
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