IPTO set to stage flexibility remuneration auction this Friday

Power grid operator IPTO has invited interested parties to register for an inaugural flexibility remuneration auction scheduled to take place this Friday.

The August 14 auction will offer bidders flexibility remuneration rights for a period covering August 15 to October 31 this year.

A total flexibility capacity of 4,500 MW will be offered at Friday’s auction at a starting price of 39,000 euros per MW, annually.