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SPOT ELECTRICITY MARKET

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System Marginal Price (SMP)

System marginal price is calculated by taking into account the point of net instruction volume by starting from the lowest price of up regulation offer if there is energy deficit in system or the highest price of down regulation bid if there is energy surplus in the system.

 
 
 

 

• It is aimed that market participants shall successfully manage their imbalances by dual pricing methodology for System Imbalance Price. “k” and “I” coefficients which are used in energy imbalances amount calculation are 0,03.
• If instructed market participant does not inform System Operator within four hours about not performing the instruction and does lead to a different SMP than it should be, that market participant must pay the cost resulted from this price difference. By this, it is aimed that to manage successfully the confirmation process of instructions and SMP calculation process.

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