Parameters of short-term markets
Day-ahead market (DAM) |
Continuous intraday market (IM) |
Intraday auctions (IDA) |
|
|---|---|---|---|
| type of market | auction | continuous matching | auction |
| trading period | 1 hour | 1 hour, 15-min. * | 15-min. ** |
| minimum volume | 0.1 MW | 0.1 MW | 0.1 MW |
| maximum volume | 2,999 MW | 999 MW | 2,999 MW |
| quantity tick | 0.1 MW | 0.1 MW | 0.1 MW |
| trading currency | EUR | EUR | EUR |
| minimum price | -500 EUR/MWh | -9,999 EUR/MWh | -9,999 EUR/MWh |
| maximum price | 4,000 EUR/MWh | 9,999 EUR/MWh | 9,999 EUR/MWh |
| price tick | 0.01 EUR/MWh | 0.01 EUR/MWh | 0.01 EUR/MWh |
| zero price option | YES | YES | YES |
| market opens at | 30 days | 15:00 D-1 | IDA1: 11:00 D-1 IDA2: 16:00 D-1 IDA3: 23:00 D-1 |
| market closes at | 12:00 D-1 | H-5 minutes | IDA1: 15:00 D-1 IDA2: 22:00 D-1 IDA3: 10:00 D |
- D = Delivery Day
- H = Delivery hour
Threshold values of market-clearing prices for the second auction in the CZ market (valid as of 22/06/2023):
- upper threshold value: EUR +1500/MWh
- lower threshold value: EUR -500/MWh"
Types of block orders supported on the Day-ahead market - Profile Block Order, Exclusive Group of Profile Block Orders, Linked Profile Block Orders
Types of block orders supported on Intraday Auctions - Profile Block Order, Exclusive Group of Profile Block Orders, Linked Profile Block Orders
Electricity markets(in PDF format)
* From July 1, 2024 (delivery day), a 15-min. trading period for the Continuous Intraday Market has been added to the 60-minute trading period (i.e. it is possible to trade both 15-min. and 60-min. products on Continuous Intraday Market)
** From July 1, 2024 (delivery day), the trading period of Intraday Auctions has switched from 60-min. to a 15-min. trading period (i.e. only 15-min. products are allowed to be traded at Intraday Auctions)
