CHAPTER VICLEARING PRICE AND PAYABLE PRICE

Article 23Calculation of clearing price at interconnection points

The clearing price for a given standard capacity product at an interconnection point shall be calculated in accordance with the following formula:

  • Pcl = PR,au + AP

Where:

  • Pcl is the clearing price;

  • PR,au is the applicable reserve price for a standard capacity product which is published at the time when this product is auctioned;

  • AP is the auction premium, if any.