Solar container power spot trading

What is a short-term spot power market?

But electricity is a particular commodity that cannot easily be stored. This makes the short-term spot power market an essential tool to balance the overall system. Power Exchanges offer a trading platform to their exchange members. EPEX SPOT operates the most liquid Day-Ahead and Intraday markets in Europe.

How are power plants put on the market?

Power plants are put on the market by the order of their marginal production cost, starting with the least expensive up to the most expensive plant, activated in that order to meet demand. The last activated plant sets the price. All producers are paid the same price €/MWh for the same product: electricity.

What is a wholesale power market?

One component is always the price for power. This price for power is based on prices on the wholesale spot electricity markets, which are operated by EPEX SPOT. The wholesale power market brings together producers that sell electricity, and suppliers that buy electricity, to then have it delivered to their customers.

Should green power be integrated into the wholesale market?

Green power needs to be efficiently integrated into the wholesale market in order to reach the final consumer. This means short term power trading needs to adapt to the specific characteristics of renewables.

What is energy trading?

Energy trading, as you may already know, refers to the exchange of energy commodities in financial markets. The said energy commodities include crude oil, natural gas and electricity. Renewable energy trading, in turn, is the trade of electricity produced using renewable means and other renewable energy commodities like biofuel.

Why should you choose EPEX SPOT power auctions?

The high resiliency, liquidity and operational stability of EPEX SPOT Power auctions, secure its very reliable reference prices and indices. EPEX SPOT offers the most comprehensive suite of Intraday Continuous price indices, including the IDFull, ID3 and ID1 indices.