Market Participation Guarantees

Provision of Guarantees for Participants in the Electricity Market

Participants must submit two guarantees. One for the DAS settlement and one for all other settlements. Both guarantees must have a duration of six months, from 1st of April to 30th of September or from 1st of October to 31st of March.

Accoriding to article 213 of the Greek Code the obligation to provide guarantees can be fulfilled either by submitting a letter of guarantee or through the deposit of a sum into a special bank account kept by HTSO or in any other lawful way to which HTSO consents. HTSO keeps a special account with National Bank of Greece for the purpose of sumbitting guarantees. The number of this account is 191/470748-68 (ΙΒΑΝ GR79 0110 1910 0000 1914 7074 868). Letters of guarantee must have the form and the content of the templates below:

The methodology for calculating the guarantee amount is defined in the 1033/2011 Decision of RAE.

Period 1/10/2011 - 31/3/2012

Guarantee Amounts Table

For new Participants registering into the Participants Register of HTSO in the period from 1/10/2011 to 31/3/2012 the amount of guarantee related to the DAS settlement is 24.000€ and the amount of guarantee related to settlements other than DAS settlement is 24.000€.