Five-month ‘disruption plan’ auction produces positive results

Yesterday’s two “disruption management” plan auctions, covering a five-month period from May 1 to September 30, drew solid participation and ran smoothly.

It seems lessons were learnt from disputes and complaints generated at the two preceding auctions, leading to a more successful session.

The “disruption management” auctions offer capacities to major industrial enterprises, enabling them to benefit from electricity cost savings in exchange for shifting energy usage to off-peak hours whenever required by the operator.

The auction for the long-term service, during which a capacity of 750 MW was auctioned off, reached a price of 48,600 euros per MW. The opening bid was made at a price of 2,000 euros per MW. A total of 110 bids were placed, of which 103 were satisfied.

Larco, the state-controlled general mining and nickel producer, captured the biggest share in the auction offering long-term services, this being 129.8 MW, followed by the steel industries Sovel and Sidenor, which secured respective amounts of 111.5 and 71.5 MW. Considerable amounts were also secured by Hellenic Halyvourgia, three Titan cement production facilities, two Heracles cement production units, five lignite mines owned by the main power utility PPC, as well as the industrial enterprises Epilektos, Mel, Fibran, Halyps, and Pako paper mills. The bids of three enterprises, Solk, Elka, and Fulgor, failed to secure amounts.

As for the auction offering short-term services, during which a total capacity of 900 MW was auctioned off, the price reached 47,600 MW. An opening bid of 1,100 euros per MW was placed, while a total of 125 bids were made. Of these, 91 were satisfied. The biggest amounts were secured by Aluminium of Greece (250 MW) and Larco (161.3 MW), while considerable amounts were also secured by Sidenor, Sovel, Hellenic Halyvourgia, Titan, PPC, Heracles, MEL, Epilektos, Yioula, Fibran, Halyps, and PAKO. Solk, Halkor, Elval, Elka, and Fulgor failed to secure amounts.