(Montel) European power exchanges have decided to increase the threshold that triggers a second day-ahead spot market auction from EUR 1,500/MWh to EUR 2,400/MWh from 7 December, they said on Thursday.
The changes had been made in response to elevated price levels, said the exchanges licensed as Nominated Electricity Market Operators (Nemos) in a joint statement. The higher prices threatened to trigger second auctions more frequently, which would require more resources and increase the risk of full decoupling, they said.
A second spot auction procedure is triggered when certain price levels are achieved in the first auction, allowing…
