OPCOM: PCGN-LP program eng.
PCGN-LP/ Trading program
For each auction session, OPCOM issues the Auction Session Announcement containing:
1. Date of the auction session;
2. Time of the auction session.
In accordance with the specifications of Chapter 7.3. PROCEEDINGS OF AUCTION SESSIONS, art. 7.3.1., The procedure for trading on the centralized market of bilateral contracts for natural gas - trading mechanism PCGN-LP, ANRE Advice no. 71/19.12.2018:
3. For every initiating offer submitted to OPGN, a session auction will be held in the trading day and time set by OPGN in the Auction Session Announcement, according to the schedule published on OPCOM website, in two successively stages:
I. Auction stage – 30 minutes,
II. Responding Offers validation and setting the winning bids stage – 10 minute.