Estonian and Latvian Transmission System Operators Elering AS and "Augstsprieguma tīkls" AS agreed on the new auction rules for the PTR-limited auctions.

The issuing of and trading with the PTRs-limited is a regional long-term electricity trade risk hedging instrument designated for the electricity market participants on the Estonian-Latvian interconnector. PTR-limited does not grant its holder any right to utilise capacity for the physical transfers of electricity.

A Participant wishing to participate in the Auctions for 2015 shall register with Auction Office by submitting to Auction Office a duly completed registration form signed by the authorized representative of the Participant. The Terms and completed registration form a binding agreement between Auction Office and each Participant. The PTRs-limited shall be offered, issued and sold by Auction Office at the Monthly, Quarterly and Yearly Auctions.

The first PTR-limited auction for the yearly amount – 200MW – will take place on 13th of November 2014.

All information about the Terms and conditions, auction calendar and the registration form you can find here: http://elering.ee/ptr-limited-auction-2/