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Markets

Spot Markets

Spot Markets

Spot markets are physical markets for real-time electricity trading, where prices reflect immediate supply-demand conditions, crucial for grid stability and renewable integration.

Merit order

The Merit Order

The Merit Order ranks energy sources by their marginal cost, ensuring the grid meets electricity demand efficiently, prioritizing low-cost sources like renewables.

Capacity Market

Capacity Markets

Capacity markets serve as a strategic mechanism to ensure that there is always enough electricity supply to meet peak demand.

Forwards and Futures Market

Forwards and Futures Market

The forwards and futures markets are crucial in electricity trading, enabling participants to manage risk and stabilize prices by locking in future delivery rates.

Ex-Post Market

Ex-Post Market

The Ex-Post Market is a post-delivery trading mechanism that allows market participants to adjust their energy positions to correct imbalances, reducing associated costs.

Balancing Market

Balancing Market

The balancing market is a system that ensures continuous balance between electricity supply and demand by enabling real-time adjustments through the procurement and deployment of balancing services.

Day Ahead Market

Day Ahead Market

The Day-Ahead Market is a platform where electricity is traded a day before delivery, allowing participants to secure prices and quantities in advance, thereby balancing supply and demand.

Learn about Ancillary Services

Ancillary Services Market

The ancillary services market ensures grid stability by providing essential support services like frequency regulation, voltage control, and reserves to address real-time imbalances and issues.

Congestion Market

Congestion Market

The congestion market manages grid congestion by optimizing electricity flow, using platforms like GOPACS to adjust production and consumption in real-time for stability and efficiency.

Intraday Auction Market

Intraday Auction Market

The intraday auction market allows scheduled electricity trades during the day, enabling participants to adjust supply and demand for grid stability in response to short-term fluctuations.

Intraday Continuous Market

Intraday Continuous Market

The intraday continuous market allows real-time electricity trading on the delivery day, letting participants instantly adjust supply and demand.

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