# Commission Regulation (EU) 2017/460 of 16 March 2017 establishing a network code on harmonised transmission tariff structures for gas (Text with EEA relevance), Article 23: Calculation of clearing price at interconnection points

Extent: E+W+S+N.I.

The clearing price for a given standard capacity product at an interconnection point shall be calculated in accordance with the following formula:
Pcl = PR,au + AP
Where:
Pcl is the clearing price;
PR,au is the applicable reserve price for a standard capacity product which is published at the time when this product is auctioned;
AP is the auction premium, if any.

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Source: https://www.legislation.gov.uk/eur/2017/460/article/23 (the official version)
Page: https://openlegislation.uk/eu-regulation-2017-460/article-23
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.