Article 23 — Calculation of clearing price at interconnection points
The clearing price for a given standard capacity product at an interconnection point shall be calculated in accordance with the following formula:
- Pcl = PR,au + AP
- Pcl is the clearing price;
- PR,au is the applicable reserve price for a standard capacity product which is published at the time when this product is auctioned;
- AP is the auction premium, if any.