Nemo Link will be holding its first ever auction for an annual capacity product in both directions for calendar year 2020 on 2nd and 3rd December 2019 on the Joint Allocation Platform.
Please note that all JAO’s registered participants are entitled to bid in this auction. Below you can find key information that may be helpful in preparation for the auction.
Auction Window:
Auction start time: 02/12/2019 12:15 CET |
Auction end time: 03/12/2019 12:15 CET |
Planned Outage:
Nemo Link published its planned maintenance period for 2020 as follows:
Start Time 07:00 (CEST) |
Start Date 21/09/2020 |
End Time 23:00 (CEST) |
End Date 2/10/2020 |
Interconnector Capacity 0 MW |
All Nemo Link’s planned maintenance programmes can be found on the Maintenance Programme Publications area on our website.
Collateral in place:
Please note that in order to be able to place bids in the annual auction, market participants are required to have in place collateral amounting to 2/12 of the highest value of bids (price x volume) entered for the annual product.
Below is the potential liabilities formula that JAO will use to calculate collateral requirements:
Further information on credit calculation can be found in JAO’s Information System Rules (appendix 6, 7 & 8).
If you have any questions, please contact the Customer Team.
