PRODUCT TO BE AUCTIONED FOR CESUR AUCTIONS
The product auctioned at CESUR Auctions will be the Quarterly Base Load and Quarterly Peak Load:

• Base-Load product: It is defined as the price whose difference with the hourly price of the daily market, applied at all hours included in the settlement period laid down in the auction rules, shall be paid or charged to the successful bidder in the auction.
• Peak-Load product: It is defined as the price whose difference with the hourly price of the daily market, applied at all hours included in the period of time from 8:00 to 20:00 CET of the days between Monday and Friday inclusive in the settlement period laid down in the auction rules, shall be paid or charged to the successful bidder in the auction.

The quantity supplied by each seller shall be determined by competition in accordance with the auction procedures.