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Establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance)
Article 23

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

Where:

  • 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.