Multi-transaction auctioning pilot at plant clock in Naaldwijk stopped30 March 2017
In consultation with the Strengthening the Plant Clock Sounding Board Group, it was decided to terminate the Multi-transaction auctioning pilot at the plant clock in Naaldwijk.
Multi-transaction auctioning allows more than one transaction within one auction session. Two pilots have so far explored what the effect of multi-transaction auctioning is on the price-setting. In the first pilot several transactions were awarded within one clock stop. The second pilot concerned one time slot, leading to at most two prices being set in one auction session.
No effect on optimal price-setting
The pilots had different results. We can conclude that the prices were slightly more stable, that there was no effect on the optimal price-setting, and that the auction duration was shortened by 10%.
Multi-transaction auctioning in the future
The New Auctioning programme is examining whether multi-transaction auctioning can form part of the Today for Today and Today for Tomorrow clocks (still to be developed).
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