On 20 September 2022 (Trading Day), EPEX SPOT, HUPX, SEMOpx and SEEPEX will increase the price limit for the SDAC Day-Ahead Auctions from 4000€ to 5000€. Price limit increase will also be implemented on the local EPEX SPOT auctions in AT, BE, CH, DE, FR, NL on 20 September 2022. Please note that for CH-IDA2 the price limit increase will be performed on 21 September 2022. The price limit for the GB Intraday Auctions and GB Day Ahead Auctions will remain unchanged.
For orders which have been submitted without a limit price, said maximum price of the respective market area will be applied, unless the Clearing Member or Settlement Member has specified a Realistic Price Range.
ECC recommends that Clearing Members and Settlement Members active on the SDAC Market verify their limit settings. For Clearing Members using limits without Realistic Price Ranges, the limit consumption will raise by 25% for unlimited market orders. Clearing Members using limits with Realistic Price Ranges should analyze the residual risk beyond Realistic Price Ranges.
The following trading limits for auction trading are impacted:
- EPEX: EPEX_AUCTION_EUR and EPEX_AUCTION_GBP
- HUPX: HUPX_AUCTION_EUR
- SEMOpx: SEMOPX_AUCTION_EUR and SEMOPX_AUCTION_GBP
- SEEPEX: SEEPEX_AUCTION_EUR
Should limits need amending, Clearing Members can alter the financial trading limits for EPEX SPOT and HUPX Power as well as SEEPEX and SEMOpx
Auction Trading in ECC’s Member Area.
More details on limit functionality and the maintenance process can be found in ECCs Risk Management Services Manual.
Contact
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444
E-mail: clearing@ecc.de