On April 28, 2017, CENACE published the call for the first Long Term auction 2017, which purpose is to assign Electric Coverage Contracts for the purchase of power, electric energy, and clean energy certificates.

According to what is provided in the call, bidding guidelines for the referred auction will be published on May 08, 2017.

Preliminary calendar provided in the call*:

Activity Date
1 Bidding guidelines publication May 08, 2017
2 Period to make payment process From May 18 to August 31, 2017
3 Firs clarification meeting From June 02 to June 19, 2017
4 Publication of final bidding guidelines June 27, 2017
5 Presentation of potential buyer June 30 to July 03, 2017
6 Presentation to CENACE of the purchase offers from Basic Services Supplier July 31, 2017
7 Reception of technical offers for prequalification September 12 to 20, 2017
8 Publication of prequalified bidders October 30, 2017
9 Reception of the first stage of economic offers November 08, 2017
10 Reception of the second stage of economic offers November 13, 2017
11 Revision of economic offers November 14, 2017
12 Evaluation of economic offers November 15, 2017
13 Awarding of contracts November 22, 2017
14 Deadline to subscribe contracts March 16, 2018

*Dates and relevant events are included, nevertheless, the calendar included in the call provides additional dates

The Standard Commercial Operation Date for the awarded Electric Coverage Contracts by means of the auction is foreseen for January 01, 2020.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.