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SPOT ELECTRICITY MARKET

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Phases

Intraday market is a continuous market. Orders can be given until 60 minutes before the physical delivery and can be updated, cancelled or rendered inactive.

Intraday market trading is carried out on hourly basis. Intraday Market day begins at 12:00 am (00:00 hours) and ends at 12:00 am (00:00 hours) the following day. Intraday market orders that are made for the following day can only be given after 06:00 pm (18:00 hours) which is also the intraday market opening time.

Before trading can take place, collateral requirements will be monitored twice every day at 11:30 and 17:30 before the Intraday Market opening time. Participants that are disqualified at 11:30 collateral check may fulfill their requirements until 17:00 and may continue trading once they pass the second collateral check at 17:30.

Unlike the single session tender of the day-ahead market, intraday market orders will be interpreted instantaneously and will be matched with offers in the opposite direction.

The status of the intraday market orders can be instantaneously monitored over the Intraday Market web application.

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