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SPOT ELECTRICITY MARKET

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DAM / IDM Settlement Process

Settlement of day-ahead market and intraday market are on a daily basis. Day ahead market and intraday market settlement notifications, advance payment and collateral amounts are announced to market participants via MMS and Central Settlement Bank (Takasbank) every working day until 2:30 pm.

In the context of day ahead balancing, in relation to the sale / purchase volumes of the market participants, the amount of receivables / payables in the daily settlement notifications of the related market participants for an advance period is calculated according to the following formulas:

 

The intraday market settlement is done according to the matching quantities and prices.

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