Overview
In Long-Term Auctions it is possible to create a Bidding Plan when the auction is published but not opened yet as well as when it is in status Open or Waiting for next round with effect for the upcoming bidding rounds.
This means that you will not have to be online during the actual bidding round(s). This is especially useful for long-term auctions with many bidding rounds over several days.
Note: Only applicable for monthly, quarterly and yearly auctions
For day-ahead comfort bid, refer to How to Place a Day-Ahead Comfort Bid?
Instructions: How to create a Bidding Plan
To create a Bidding Plan in a published auction, do as follows:
1. Log into your PRISMA account;
2. Click on "Transport" at the top blue menu;
3. Under "Live and Upcoming Auctions," click on "Join Now" in the tile of the auctions which have been published, but are not open yet:
4. Find the auction for which you would like to utilize a Bidding Plan from the list. You can display either your favorite network points only or all network points with uploaded auctions.
5. Click on the "Bid" button.
6. Enter the details of your first Bid Request. Keep in mind that round 0.0 starts at a surcharge of 0.
If you would like to extend your bidding plan, click on "Add Bid Request".
7. Otherwise, proceed with accepting the GTCs of the Operator(s).
8. Save your Bid Request by clicking "Review Bid Activity".
9. In the last step of the process, you can edit your Bid Request if required. If no changes are needed, click on the "Submit Bid Activity" button.
10. After successfully submitting the bid request, you will be shown a message stating that it went through.
11. With the start of the auction, the respective Bid Request of your Bidding Plan will automatically be turned into a bid, provided you have sufficient credit limit. If you have enabled your notifications, you will be notified via email once the bid was placed.
Instructions: How to update your Bidding Plan
1. An existing Bidding Plan can be changed (pencil icon) or deleted (bin icon).
a) You can do so from the Auction Details Screen, where you can also add additional Bidding Plans for that auction.
Published Auction
Open Auction
Note: For Auctions in status Open the change will take effect in the next bidding round(s).
b) Another option is the Activity Feed. Navigate to "Activity" and tick the equivalent box. The filter Comfort Bids refers to both, Day-Ahead Comfort Bids and Long-Term Bidding Plans.
Example: Keep in mind that the auction algorithm has pre-defined price steps and it is advisable to plan for the appropriate price steps at which your bid will change.
Remember that the surcharge increases, whereas the amount of capacity either remains the same or decreases as the rounds proceed.
Enter your your surcharge and amount of your bid request(s) by clicking "Add Bid Request", accept the TSO(s)'s GTCs and finish the process as described above.
