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Ministerial Order n.º 41/2017 establishes the new regime of remuneration of the security reserve, provided by electric power producers and other market agents to the National Electric System (SEN). In accordance with said Ministerial Order, the remuneration of the security reserve is established through a competitive auction mechanism that exclusively remunerates the availability services provided, favoring low carbon technologies. The remuneration system shall apply the following general principles:

  • The security reserve provided to the SEN is a service remunerated by market criteria, and its cost is borne by all electric energy consumers, under the terms established in Decree-Law no. 172/2006, of August 23.
  • The remuneration regime of the security reserve shall minimize the costs for the electric energy consumers, ensuring the adequate reserve for the supply of the SEN.
  • The maximum annual cost to be borne by SEN electricity consumers is established through an Ministerial Order, after consultation of the National Regulators, DGEG and ERSE.
  • The remuneration of the security reserve is established through a competitive auction mechanism that exclusively remunerates the availability services provided, facilitating low carbon technologies.
  • The auction mechanism has REN as buying entity, representing the SEN, as the entity responsible for the overall technical management of the SEN.
  • Participants admitted as potential sellers in the auctioning mechanism are those established in Article 4 of the Ministerial Order , including electricity generators using different technologies, national or from other Member States.
  • The auctioning mechanism is implemented by OMIP as determined by ERSE.