Day-Ahead trading
The Day-Ahead trading (EPEX SPOT) is a daily auction for the short term. Its hourly prices vary daily. Electricity traded today is delivered the next day. Until 12:00 on the day before delivery, bidders can place their bids fully automatically. Prices for the next day are established based on supply and demand and this happens every day of the year. The EPEX SPOT Day-Ahead auction market runs on the ETS trading system. This is a robust and reliable trading platform.
Day-Ahead vs Intraday trading
The difference between Day-Ahead and Intraday trading is mainly the price formation. Day-Ahead trades are related to the ‘merit order principle’, where the price for all trades is determined by the last accepted bid. Prices in Intraday trading are set in a “pay-as-bid” process. This means that prices in continuous trading are assessed based on each transaction completed.
Day-Ahead trading at PVNED
As a client of PVNED, you benefit from our access to the EPEX SPOT trading market. PVNED buys and sells your energy on the Day-Ahead market and takes care of the complete administrative processing. The advantage of the Day-Ahead market is that it is often cheaper than the long term exchange (ICE ENDEX). After a detailed forecast, we cleverly purchase your energy for tomorrow.
Want to know more or need advice? Then please contact us!