PRISMA Glossary

Transport Auctions

  • Transport Auctions - What Are The Different Auction Types On PRISMA?

    General a. Auctions take place at different predefined times, depending on the product type. b. The auction calendar provides an overview of the auctio...

  • Auction Calendar

    General a. Different capacity types available at the same network point for a specific transport period are auctioned one after another. b. In general,...

  • Ascending Clock Algorithm

    Introduction  The Ascending Clock Algorithm applies to all long-term auctions (monthly, quarterly and yearly). Through this mechanism, the price and a...

  • Uniform Price Algorithm

    Introduction The uniform price algorithm is used for all short-term auctions (day-ahead and within-day). Through this mechanism, the allocation and pric...

  • Auction Overview

    I - Main Page All live and upcoming auctions on PRISMA can be found by clicking on "Transport" in the top menu. Both short- and long-term auction...

  • Upgrade

    This page gives an overview on how to bid for an upgrade of capacity, formerly called 'conversion.' (If you do not know how to take part in an auc...

  • Multi-currency

    General information Currently, prices of products marketed on PRISMA are set by TSOs and SSOs, and usually correspond to their national currency. The price...

  • Transport Auctions - What are the Bidding Rounds in Long-term and Short-term Auctions?

    All auctions on PRISMA follow the same pattern: Long term Day 1: 09:00 - 12:00  1st  bidding round 12:00 - 13:00  processing and publishing 13:00 - 14...

  • Allocation Procedure with Pre-Emption Rights and Congestion Management Mechanism (AP-PRCMM)

    The Allocation Procedure with Pre-Emption Rights and Congestion Management Mechanism (AP-PRCMM) is the procedure defined by TTPC for allocation of firm capa...

  • Competing Auctions

    Competing capacity as defined by the CAM Regulation: Capacity for which the available capacity in one of the concerned auctions cannot be allocated with...