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.

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

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

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

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.

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.

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.

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.

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.

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.