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Daily Auction Rules - swissgrid

Daily Auction Rules - swissgrid 2025

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The document outlines the Daily Auction Rules for the auctioning of cross-border electricity transfer capacity between the control areas of APG and Switzerland. It details the procedures, requirements for participation, and regulations governing daily auctions conducted by swissgrid and APG. The rules aim to ensure a fair, transparent, and non-discriminatory allocation of available capacity through defined processes for bidding, awarding capacities, payment obligations, and handling violations. Additionally, it includes provisions for curtailment, liability limitations, confidentiality, and applicable laws.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the 15 minute rule in auctions?

In the last 15 minutes of bidding, if anyone placed an upset bid, the bidding started on again with another 15 minutes of bidding, this gave both (or anyone) the opportunity to have another bid.

What percentage do most auctioneers take?

Commission: Auctioneers often charge a commission, representing a percentage of the auctions gross sales. A 10% to 15% commission is typical for this profession. Depending on the deal, they may also receive bonuses .

What are the basic rules for a silent auction?

What are the basic rules of a silent auction? The basic rules of auctions include that bids must meet the minimum bidding increment, all bids and sales are final, and bidders agree to pay in full at the end of the auction.

What happens if there is only one bidder?

Most auctioneers have a starting price for the lot. The aim here is to attract initial bids from which the price can be driven up. If there is only one bidder, unless the starting price is the same as the reserve, theres a fair chance that the property will not sell.

Can you back out after winning an auction?

This agreement clarifies that bids can not be retracted, and that if they are the winning bidders, they must accept and pay for that item. However, from time to time there are extenuating circumstances that keep a bidder from honoring this agreement.

What are the rules for auction?

The basic rules of auctions include that bids must meet the minimum bidding increment, all bids and sales are final, and bidders agree to pay in full at the end of the auction.

Daily Auction Rules - swissgrid 2025

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