|Forward Capacity Allocation Platform|
|European Union Electricity Market Glossary|
The Single Allocation Platform (SAP) represents the one of the biggest projects arising from the Network Code on Forward Capacity Allocation (FCA).
The purpose of the SAP is to allocate Long Term Transmission Rights (LTR) on the bidding-zone borders where these products are to be offered based on the EU Member States’ National Regulatory Authorities' (NRA's) decisions.
The tasks of the SAP include the simultaneous determinaction for each forward capacity allocation, at least, the following results for each bidding zone border, direction of utilization and market time period:
a) the volume of allocated Long Term Transmission Rights expressed in MW;
b) the price of Long Term Transmission Rights; and
c) the execution status of bids.
The principal responsibility of the Single Allocation Platform is to perform the forward capacity allocation, and in particular:
a) the registration of market participants;
b) providing a single point of contact to market participants;
c) the operation of auction procedures;
d) the financial settlement of allocated Long Term Transmission Rights with market participants, including management of collaterals;
e) cooperation with a potential clearing house function;
f) enabling the return of Long Term Transmission Rights;
g) the publication of market information, pursuant to Article 52;
h) providing and operating interfaces for data exchange with market participants;
i) the organization of a fallback procedure;
j) providing a communication platform, on which market participants can indicate to other market participants their interest to transfer or purchase Long Term Transmission Rights which have been initially allocated by allocation platforms and on which market participants can contact each other in order to perform the transfer of Long Term Transmission Rights.
The formal requirement for market participants before being entitled to participate in the auction(s) or perform secondary trading is to register with the Single Allocation Platform and to meet all eligibility requirements under the corresponding allocation rules.
Network Code on Forward Capacity Allocation, Articles 48 - 50
|Last Updated on Monday, 13 November 2017 21:17|