The report aims to analyze the intra-day energy markets, focusing on the French market and to develop a model capable of replicating the hybrid auction-continuous trading mechanism recently introduced in almost all European Union countries. Specifically, the French intra-day market is examined through a series of statistical analyses aimed at studying price trends, volumes and relationships with the day ahead market. The model replicating the auction-continuous trading mechanism is developed by combining two existing models: sMTISIM, which replicates the auction mechanism and an algorithm that simulates the continuous trading using the outputs of the auction session as inputs.<\/p>\n","protected":false},"author":93,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"tags":[1305,1319],"targets":[1317],"rapporti_tipologie":[762],"class_list":["post-197272","rapporti","type-rapporti","status-publish","hentry","tag-energy-efficiency-en","tag-energy-market","targets-research","rapporti_tipologie-report-en"],"acf":{"dont_show_hompage":true,"projects":{"ID":188407,"post_author":"93","post_date":"2024-06-13 15:10:16","post_date_gmt":"2024-06-13 13:10:16","post_content":"","post_title":"Regulatory support: market evolution; innovation in network design and management","post_excerpt":"The Project aims to study the regulation of the existing energy systems and the various proposals for its evolution, in order to assess its impact in terms of its effectiveness with respect to the objectives to be achieved, especially with a view to the decarbonization of the energy system itself.","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"regulatory-support-market-evolution-innovation-in-network-design-and-management","to_ping":"","pinged":"","post_modified":"2024-07-02 10:29:57","post_modified_gmt":"2024-07-02 08:29:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.rse-web.it\/progetti\/regulatory-support-market-evolution-innovation-in-network-design-and-management\/","menu_order":0,"post_type":"progetti","post_mime_type":"","comment_count":"0","filter":"raw"},"order_posts":"","dont_show_search":false,"related_posts":false,"show_on_slider":false,"single_post_data":{"titolo_spot":"","post_content":"
In the evolving landscape of electricity markets, Intra-Day Markets (IDMs) have become pivotal, providing energy traders with the flexibility to exchange electricity throughout the day. These markets allow to fine-tune schedules set after the closure of the Day-Ahead Market (DAM). In Europe, IDMs are structured with a hybrid approach involving both auction-based and continuous trading mechanisms.<\/p>\n
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The auction mechanism entails participants submitting bids within a specified timeframe, forming supply and demand curves that intersect to determine the energy price. Continuous trading, on the other hand, involves instant pairing of buy and sell offers under specific conditions. The European energy landscape adopted an intra-day market with continuous trading in 2018, implemented by the Single Intraday Market Coupling (SIDC) project.<\/p>\n
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The main aim of the analyses carried out is to evaluate the efficiency gains of a hybrid market like SIDC with a focus of this study on the 2020 French market data. The statistical analyses show that, despite the availability of half-hourly products for trading, agents tend to prefer trading on an hourly basis, given the convenience of finding profitable matches.<\/p>\n
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Furthermore, agents often place bids at the median price point during continuous trading to facilitate successful matches. Another noteworthy observation concerns price volatility, which exhibits a notable increase during the final hours of the market.<\/p>\n
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Subsequently, a methodology that involves a combination of sMTSIM \u2013 the mathematical model developed in RSE to simulate the Power System Operation \u2013 to address the day ahead auction market and a dedicated algorithm for continuous trading has been defined.<\/p>\n
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These two models were developed separately and within the present activity a framework able to link them has been implemented, in order to simulate the day-ahead market (with sMTSIM) and using its output to simulate the continuous session of the intraday market (with the algorithm of the continuous energy trading).<\/p>\n","link_estreno":false,"scarica_file":[{"download_option":"download","file_name":"Download Deliverable","download":{"ID":197273,"id":197273,"title":"Development of SIDC model and analyses of the outcomes of the Intraday Continuous Trading Market in Europe The French case","filename":"Development-of-SIDC-model-and-analyses-of-the-outcomes-of-the-Intraday-Continuous-Trading-Market-in-Europe-The-French-case.pdf","filesize":1218854,"url":"https:\/\/www.rse-web.it\/wp-content\/uploads\/2024\/09\/Development-of-SIDC-model-and-analyses-of-the-outcomes-of-the-Intraday-Continuous-Trading-Market-in-Europe-The-French-case.pdf","link":"https:\/\/www.rse-web.it\/en\/reports\/developments-of-sidc-model-and-analysis-of-the-outcomes-of-the-intraday-continuous-trading-market-in-europe-the-french-case\/development-of-sidc-model-and-analyses-of-the-outcomes-of-the-intraday-continuous-trading-market-in-europe-the-french-case\/","alt":"","author":"93","description":"","caption":"","name":"development-of-sidc-model-and-analyses-of-the-outcomes-of-the-intraday-continuous-trading-market-in-europe-the-french-case","status":"inherit","uploaded_to":197272,"date":"2024-09-23 06:37:32","modified":"2024-09-23 06:37:32","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/www.rse-web.it\/wp-includes\/images\/media\/document.png"}}],"button":{"text":"","link":""},"referente_group":false,"data_emissione":"2023-12-31","autori":"A. Alberizzi, A. Zani (RSE S.p.A.)","rapporto":"","rif_rse":"23012838"},"satellite_post_url":""},"yoast_head":"\n