The Institut Luxembourgeois de Regulation (ILR) held an auction for 2022 Q3 production from 26 to 29 October 2022.
A summary of the prices and bid ranges is given in the graph below:
As usual, all volumes offered were fully sold. The total auction volume decreased by 10.3% from 139.93 GWh for Q2 2022 to 125.524 GWh for Q3 2022.
Wind GOs’ allocated volume (44.67GWh) was down by 29% compared to the last quarter (62.71GWh for 2022-Q2), with a VWAP skyrocketing to 590 Eurocents/MWh (from 245 Eurocents/MWh for 2022-Q2). This price is lower than the corresponding average OTC prices for 2022 production from 26 to 29 October, which trended around 583 Eurocents/MWh.
The volume of Solar GOs slightly decreased (-6%) compared to the previous auction. Solar GOs for 2022-Q3 production were sold at 593 Eurocents/MWh on average, which significantly increased compared to the previous auction (302 Eurocents/MWh), thus almost doubling (+96%). It is also higher than the corresponding OTC prices for 2022 production from 26 to 29 October (around 588 Eurocents/MWh on average).
Biomass GOs’ allocated volume remained around 70 GWh (though increasing a bit), with a more than doubling VWAP of 581 Eurocents/MWh (246 Eurocents/MWh for 2022-Q2). This price is higher than the corresponding average OTC prices for 2022 production from 26 to 29 October (556 Eurocents/MWh on average).
Source:Â ILR
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