Ireland Power Auction Platform
tpENERGYTRADE - Ireland Power
On 12 May 2009, Tullett Prebon launched the Ireland Power Auction platform on the Tullett Prebon (Europe) MTF. Since 3 Jan 2018, the Ireland Power Auction has been part of the Tullett Prebon (Europe) OTF and offers trading entities the ability to offer and bid in auctions for financial swaps (namely contracts for differences or CfDs) which are indexed/referenced to the physical spot electricity prices in the Single Electricity Market (SEM)1.
CfDs are traded on the OTF in two currencies (Euro and Pound Sterling). In order to participate in the Ireland Power CfD Auction on the Tullett Prebon (Europe) OTF, trading entities must enter into Master Agreement/s with trading counterparties as well as signing up to / agreeing to trade in compliance with the OTF Rulebook and Auction Rules.
Tullett Prebon Europe OTF : https://www.tullettprebon.com/mifidii/otf-europe.aspx
1.The SEM is the physical wholesale electricity market operating in the Republic of Ireland and Northern Ireland. It is a gross mandatory pool operating with dual currencies and in multiple jurisdictions and was established in November 2007.
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