Day-ahead electricity market - Page 4
European Union Electricity Market Glossary

 


 

 

 

Regulation book

    

 

 

 

Proposal for a Regulation of the European Parliament and of the Council on the internal market for electricity (recast),

30.11.2016, COM(2016) 861 final 2016/0379 (COD)

 

 

Article 7

Trade on day-ahead and intraday markets

 

1. Market operators shall allow market participants to trade energy as close to real time as possible and at least to the intraday cross-zonal gate closure time determined in accordance with Article 59 of Regulation (EU) 2015/1222.

 

2. Market operators shall provide market participants with the opportunity to trade in energy in time intervals at least as short as the imbalance settlement period in both day-ahead and intraday markets.

 

3. Market operators shall provide products for trading in day-ahead and intraday markets which are sufficiently small in size, with minimum bid sizes of 1 Megawatt or less, to allow for the effective participation of demand-side response, energy storage and small-scale renewables.

 

4. By 1 January 2025, the imbalance settlement period shall be 15 minutes in all control areas.

 

 



Last Updated on Friday, 28 April 2017 21:18
 

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