The new issue of ‘APE – Appunti di Energia’ (energy notes) is online. This month Andrea Alberizzi, a researcher at the Energy Systems Development Department of RSE Energy Market Regulation Group, explores the functioning and main features of the Italian Intraday Market.

The market opens immediately after the close of the Day-Ahead Market (DAM) with the aim of allowing operators to modify their energy input and withdrawal schedules before the actual delivery of energy. In Italy this market has recently undergone major changes, moving from a seven-auction system that allowed energy to be traded up to five hours before delivery, to a hybrid system that combines three auctions with continuous trading. Now traders are able to buy and sell energy up to an hour before delivery.

The rise of non-programmable renewable energy sources has made this market increasingly important, as energy production turns out to be highly dependent on weather forecasts, which tend to be more and more accurate as we get closer to the actual delivery time.

Want to learn more? In this month’s APE you’ll find all the details and features shown in photos.