General Principles
- Legal entities holding license can join Day-Ahead Market by signing Day-Ahead Market Participation Agreement which includes market participants responsibilities regarding to Day-Ahead Market
- Day-Ahead Market transactions are performed daily on hourly basis. Each day starts from 00:00 am and ends at 00:00 am of following day and consists of hourly time periods.
- Market participants can submit their offers from next day to 5 days later
- Prices and volumes applied for clearing of Day-Ahead Market at daily basis are determined for each hour
- Advance payment notifications as results of clearing calculations for market participants based on their day-ahead balancing activities indicate payables to Market Operator and receivables from Market Operator for respective market participants and these notifications are announced in a daily basis fashion by Market Operator to market participants via Central Clearing House
- Letters of guaranty are presented to Market Operator every day until 10:30 am and collaterals other than letters of guaranty are presented to Central Clearing House every day until 11:00 am by market participants.
- For a market participants to continue Day-Ahead Market activities during week end and official holidays; letters of guaranty must be presented in previous working day until 10:30 am and collaterals other than letters of guaranty must be presented in previous working day until 11:00 am
