The volume of traded electricity on the intra-day electricity market is growing record-breaking. The importance of the intraday market continues to grow.
OTE's intraday electricity market set another record in the amount traded on this trading platform organized by the market operator. On March 30, 2020, the traded volume exceeded figures of whole year 2019 (1,111 GWh).
Trading in the first quarter of 2020 confirmed OTE's assumptions as a result of record trading volumes on the intraday market in the last months of 20191. Already in the period from 1 January to 9 February 2020, traded electricity volume exceeded the average of annual values from 2015 to 2018, ie 545 GWh.
OTE intraday market continued to grow, with 1,130 GWh of electricity traded in the first quarter of 2020 with a weighted average price of 33. 30 EUR/MWh2.
Record volumes of traded electricity show that OTE's stated objectives of developing international cooperation and interconnection of intra-day markets across Europe within the framework of the European Inter-Day Electricity Interconnection (SIDC) are being met. The integration of the day-ahead electricity market and the intra-day electricity market contributes to the development of business opportunities, thus providing greater opportunities for electricity market traders, and also stability of supply and energy security in the Czech Republic.
The market operator also organizes the day-ahead market and block market for electricity and the intraday gas market. Currently, 117 participants have access to the short-term electricity markets and the short-term gas market has 96 participants.
1 https://www.ote-cr.cz/en/about-ote/ote-news/end-of-the-year-at-otes-organized-markets-marked-by-records
2 Data for the period 1. 1. 2020 – 31. 3. 2020
