Introduction of marginal pricing on FCR markets
Starting from the delivery day 1 February 2024 all FCR markets will apply marginal pricing, also called pay-as-cleared.
Until today, providers of FCR have been remunerated for accepted bids according to the price given in the bid (also called pay-as-bid). The introduction of marginal pricing means that all accepted bids will now be remunerated according to the marginal price in the auction, thus the highest priced accepted bid.
FCR capacity is procured in two supplementary auctions the day ahead of delivery period (D-1). Therefore, there will be two different marginal prices per product and hour. One marginal price per product and hour in the first auction and another marginal price per product and hour in the second auction. Prices will be published on mimer.svk.se.
The introduction of marginal pricing will not necessitate any technical changes to bidding and clearing of bids. A new version of the Implementation guide is now published. The new version contain correct information on pricing of FCR as well as updated information on where marginal prices are published.
Contact and more information
Introduction of marginal pricing on FCR markets
Provision of ancillary services
Balance responsibility agreement
Implementation guide (valid from 1 February 2024) (.pdf) Opens in a new window
If you have questions, please contact: fcr@svk.se