How do electric markets work (Capacity, Day-Ahead, Intraday, Frequency)

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  • Опубліковано 26 вер 2024

КОМЕНТАРІ • 249

  • @robertheinrich2736
    @robertheinrich2736 5 років тому +143

    Dude.... phenomenal breakdown! there is so much garbage out there on the subject and your explanation is near perfect

    • @bilaldahlab
      @bilaldahlab  5 років тому +3

      Hey Robert, thank you very much for your message! Makes me very happy to read that :)

  • @mfaracing
    @mfaracing 4 роки тому +119

    I have been working in the energy market for about 14 years. I am recommending your videos now to new starters and people willing to understand the mechanics of the energy markets. Very well done for being able to explain these concepts in an intuitive manner.

    • @bilaldahlab
      @bilaldahlab  4 роки тому +3

      Hi Mfaracing,
      Thank you very much for your comment and support! Hope that my video will enable your new starters to get their foot in the energy industry faster :)
      Best,
      Bilal

    • @lourencochafiro8594
      @lourencochafiro8594 2 роки тому

      @@bilaldahlab what are the different sectors that someone can get into the energy industry?
      and what are the ones that you guys like the most?

    • @lourencochafiro8594
      @lourencochafiro8594 2 роки тому

      Awesome video by the way! great insights!

    • @luckybruno5827
      @luckybruno5827 Рік тому +1

      How much money do you make annually?

    • @covid699
      @covid699 9 місяців тому +1

      Hey there, I'm thinking about moving laterally in my company to Electricity markets/trading. Any recommendations on programs and software I should brush up on? Right now I am well versed in excel.

  • @pushpushlambert8079
    @pushpushlambert8079 5 років тому +37

    I'm from Manitoba Canada, we have mostly Hydro ....I loved hearing the phone ring in the control room around 6 AM coming from central command . We always had the call on intercom ... So all staff were aware of what was going .... Command would say "More Power Scotty" with a clock sync . Then as a Tech I would go to the unit and observe the start chain . It never got old 👍🏻🇨🇦

  • @basilbukhari2907
    @basilbukhari2907 3 роки тому +28

    I can't stress enough how well you've explained the topic in this video. Highly recommended anyone new to this subject!

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @prachimaithani542
    @prachimaithani542 2 роки тому +5

    Thanks for this explanation! I was trying to understand electricity markets in a simple way and came across this video. Highly recommend it.

  • @Freeman2023
    @Freeman2023 Рік тому

    This is the best demostration of electricity market mechanism I've seen

  • @boon6708
    @boon6708 5 років тому +3

    In my country, the electricity market is not liberalised yet. Actually I just wanna tell this is the first clip that help me understand basics of all kinds of electricity markets. Thanks a lot.

    • @bilaldahlab
      @bilaldahlab  5 років тому

      Thank you very much for your comment Pond Smiley. Really makes me happy to read that!
      From which country are you from?

  • @Kokola-qh9wp
    @Kokola-qh9wp 2 роки тому +8

    I'm an energy & environmental engineering student and man your videos are EPIC!!! I can finally understand the basic concepts of those complicated equations we're learning - thank you SO SO MUCH!!!

  • @orygunboi4003
    @orygunboi4003 3 роки тому +3

    I revisit this video every couple of months - such a good place to refresh when looking to digest updates to market structures and new regulatory proceedings.

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @FreekvanderWeele
    @FreekvanderWeele 6 місяців тому

    This has been a very helpfull video. I've been working in the energy transition field for almost three years now and this is the first time I actually fully understood this topic.

  • @esterndahepulukanakapipi3691
    @esterndahepulukanakapipi3691 2 роки тому +4

    Wow, this is one awesome video. What a phenomenal breakdown, you made me comprehend all scenarios in less than 13 minutes. Well done! So so powerful

  • @niharusan1729
    @niharusan1729 Рік тому

    That's so precious information to me as Public projects - Economics student جزاك الله خير الجزاء

  • @ryanfrancis9134
    @ryanfrancis9134 2 роки тому +1

    This is one of the best videos with clear and coherent explanations I have seen in a LONG time. Great job!

  • @Ashley-eg3vu
    @Ashley-eg3vu Рік тому +1

    This was so helpful! I’m preparing for an interview as a BA supporting Day Ahead Traders and all of this is new to me, I really appreciate the simple breakdowns and the clear, visual examples. Saving this for later!!

  • @kierancatterwell9403
    @kierancatterwell9403 3 роки тому +1

    Excellent Bilal, in 4 years being in this industry, I haven't seen someone explain this with such ease!

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @kevalvichare4759
    @kevalvichare4759 3 місяці тому

    Informative. Worth of watching it , thank you sir 🙏

  • @digvijaykamthane8469
    @digvijaykamthane8469 Рік тому +1

    Worth time investing and understanding. Thank you so much for the quality content.

  • @Martinleesmirl
    @Martinleesmirl 6 років тому +8

    Great video! One thing to add - when generators guarantee energy, and they don’t produce that amount (I.e. breakdowns, unplanned maintenance and outage isn’t approved) there is a possibility of penalties, which can be high because the energy may still be needed and the generator may have to purchase replacement power at market price in inter-day market (which is usually the highest price!)

    • @bilaldahlab
      @bilaldahlab  6 років тому +4

      Hey Martin thanks for your comment! You re totally right I should have approached the penalties in case of energy non deliveries, but I wanted to keep the video as short as possible :)
      Have a great day!

  • @shaluagrawal8880
    @shaluagrawal8880 2 роки тому +1

    Very very helpful and engaging video! Loved the way you started with a story and made this whole this conversational. Thank you!

  • @robel1992
    @robel1992 2 роки тому +1

    This was great! New to the Storage industry (been working in renewables for a while) this was a great explanation of the capacity/freq markets!

  • @HusseinDoha
    @HusseinDoha 5 років тому +2

    شكرا شكرا شكرا شكرا.
    Great explanation of a topic I was trying to understand for a long time.

  • @franciscocorreiadafonseca4293
    @franciscocorreiadafonseca4293 5 місяців тому

    Outstanding work describing the electricity markets!

  • @svenjakircher7572
    @svenjakircher7572 3 роки тому

    Thank you. I was just reading the same chapter over and over again and didn´t get it. You really helped me out.

  • @PatrickRooney
    @PatrickRooney Рік тому

    This is excellent, You've taken a very complex subject and explained in at a level that interests everyone from a novice through pro. Great job.

  • @rutunjacharya4283
    @rutunjacharya4283 4 роки тому +2

    I had been struggling to understand the power market but this video gave me a great clarity. Thank you so much for putting this together and explaining with such simplicity.

  • @undiscipulodeCristo
    @undiscipulodeCristo 4 роки тому +2

    AMAZING PRESENTATION!! Greetings from Mexico!

  • @tozier1112
    @tozier1112 Рік тому

    Bendito seas Bilal Dahlab, me estas permitiendo terminar mi carrera universitaria

  • @RyanDou
    @RyanDou 5 місяців тому

    fantastic content, really helpful in preparing an interview for an energy trading firm

  • @vrindasharma4554
    @vrindasharma4554 3 роки тому +1

    excellent cntent... i was struggling so much as am entering the industry. Your video is so good i understood everything. thanks a lot.

  • @thomasgerardhulse
    @thomasgerardhulse 2 роки тому

    Such a clear explanation, well done, nailed it 👏 👍 👌!!!

  • @anatoporiste4513
    @anatoporiste4513 5 місяців тому

    Clear and concise explanation. Thank you for the video!

  • @nonsoemordi6937
    @nonsoemordi6937 2 роки тому

    You are fantastic at explaining complicated concepts clearly.

  • @deepshah8612
    @deepshah8612 2 роки тому +1

    It was very formative and nicely explained, thank you

  • @andreidoanca4262
    @andreidoanca4262 2 роки тому

    Congrats on this video and the great explanation you gave. I'm just writing this comment to also help the algorithm hoping you'll get more views for this. You deserve it!

  • @faaizsiddiqui7906
    @faaizsiddiqui7906 Рік тому

    Thank you Bilal! Very practical way of explaining (Scenarios, schematics, plots), I learned a lot!

  • @sagarmalhotra9560
    @sagarmalhotra9560 Рік тому

    Why are you not making more videos,this is definitely one of the most educational energy video I found

  • @alejandrochang3621
    @alejandrochang3621 3 роки тому +1

    Very nice explained, helped me understand more about the markets.

  • @davidjoelsen3399
    @davidjoelsen3399 2 роки тому +1

    Fantastic description. You are very good at teaching and explaining.

  • @sariuitto
    @sariuitto 4 роки тому +3

    Hello! Nice to learn how electricity market work at that side of the world :) Greetings from Finland! Thank you for this good video.

  • @susnerwala
    @susnerwala 3 роки тому +1

    Good Explaination!!!

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @davidpraesent
    @davidpraesent 2 роки тому +1

    Well worth watching!

  • @know-memarwat5154
    @know-memarwat5154 Рік тому

    Highly recommended for the beginners to understand the market.

  • @markrigoglioso
    @markrigoglioso 4 роки тому +1

    Thank you for the clear explanation of grid market operations.

  • @hundenbilly3401
    @hundenbilly3401 2 роки тому +1

    Good video Bilal!

  • @abubacarrceesay3353
    @abubacarrceesay3353 8 місяців тому

    Really Amazing explanation!!! Thank you so much

  • @wayneparker9331
    @wayneparker9331 4 роки тому +3

    This was an excellent and very informative video. You did a great job laying out the conceptual basics and fundamentals of how electricity is priced and sold. Thank you, sir!!!

  • @rayfalcone7163
    @rayfalcone7163 Рік тому

    Really well explained. Thank you

  • @renfengshang656
    @renfengshang656 3 роки тому

    Clear and Helpful

  • @hussain7832
    @hussain7832 6 місяців тому

    Bro this is an amazing explanation it clears so many concepts for me. Thabk you so much ❤

  • @ivankakaufman4094
    @ivankakaufman4094 4 роки тому +1

    Thank you for a great explanation, it was easy to understand by looking at your graphs!

  • @ramakanthsiripuram9814
    @ramakanthsiripuram9814 2 роки тому

    Great Explanation Bilal !!

  • @Daivy07
    @Daivy07 3 місяці тому

    Excellent, thank you

  • @werstens
    @werstens 4 роки тому

    Thanks for this great video! You explained it much clearer than what my professor had explained.

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @MikkkSen
    @MikkkSen Рік тому +1

    Great video, very well explained

  • @harunorrashidhowlader3885
    @harunorrashidhowlader3885 5 років тому +2

    Thank you Mr. Bilal for your clear explanation.

    • @bilaldahlab
      @bilaldahlab  5 років тому

      Thank you very much Harun :)

  • @NoelAbingwa
    @NoelAbingwa 3 роки тому +1

    Absolutely incredible explanation. I subed.

  • @matt0411
    @matt0411 Рік тому +2

    10/10 video

  • @bobgreen3362
    @bobgreen3362 3 роки тому

    Well done

  • @jdkworld97
    @jdkworld97 2 роки тому

    excellent explanation

  • @595Anton
    @595Anton Рік тому

    Very helpful, thanks!

  • @lorenzobaggi161
    @lorenzobaggi161 2 роки тому +1

    Great video

  • @JimFaith
    @JimFaith 5 років тому +1

    Excellent video and explanation - thanks.

  • @Thebabblingchick
    @Thebabblingchick Рік тому

    Thank you very much for the informative video! :D

  • @basilbottempop
    @basilbottempop 2 роки тому

    Awesome and very clear video on the subject!

  • @jorgebravo42
    @jorgebravo42 3 роки тому

    My god what a great video. Very well explained .

  • @carlespitarchcasas
    @carlespitarchcasas 6 років тому +1

    thank you! i have the exam on energy markets on monday and this video has cleared a lot of the concepts!!!!!!!

    • @bilaldahlab
      @bilaldahlab  6 років тому

      Hey Vance, thank you very much for your message ! Made me feel really happy. I hope that you share the video with your classmates ;)

  • @arvindpillai420
    @arvindpillai420 3 роки тому +1

    Thanks Bilal. Great work

  • @ozzyfromspace
    @ozzyfromspace 4 роки тому +2

    Thanks for the video. It seems that this entire capacity system stems from the inability of energy suppliers to store their electricity until it’s needed (storage is industrially uneconomical). Very interesting.

  • @tiesiogbevardis
    @tiesiogbevardis 4 роки тому +17

    Great video, loved it! However, I have a small problem with the last chart with the reserves (frequency control). It is a bit misleading. In this chart it seems that secondary and tertiary reserves are used only if primary is not sufficient. In reality, primary reserves should be able to cover the loss of the biggest unit in operation (n-1 rule). If it is not sufficient, then briefly some of the consumers will be disconnected to decrease the demand. Ok, then why do we need secondary and tertiary reserves? If something else happens what disrupts the system balance, then we are screwed. For this reason, primary reserves have to be quickly replaced by the secondary reserves and afterwards by the tertiary reserves. Primary reserves are used for frequency containment, thus it is called Frequency containment reserve, secondary for restoring the frequency (Frequency restoration reserve) and tertiary for replacing secondary reserves (Replacement reserve).
    P.S. At least this is how it works in EU. In US it is almost the same just with the different naming.

    • @AE-cc1yl
      @AE-cc1yl 3 місяці тому

      Could you please recommend some good resources for learning about the EU power market?

  • @abdullahal-gharem5258
    @abdullahal-gharem5258 5 років тому +2

    ما شاء الله عليك ابدعت اخي بلال

    • @bilaldahlab
      @bilaldahlab  5 років тому

      shukraan jazilaan Abdullah, very nice comments from your part!

  • @ashopg1631
    @ashopg1631 3 роки тому

    thank you sir! Very good explaination.

  • @ahmadnajim4614
    @ahmadnajim4614 2 роки тому +1

    great video, very intuitive thanks!!!

  • @elenabodna5719
    @elenabodna5719 6 днів тому

    Good job !

  • @dipenambalia
    @dipenambalia 5 років тому +2

    Very nice

    • @bilaldahlab
      @bilaldahlab  5 років тому

      Thank you very much for the nice comment Dipen! :)

  • @devesh3648
    @devesh3648 2 роки тому +1

    Really well taught! Thanks a lot!

  • @AVsuper7
    @AVsuper7 2 роки тому

    Great video mate!

  • @adelinenaon2161
    @adelinenaon2161 Рік тому

    Great explanation, very interesting topic!

  • @motymora
    @motymora 11 місяців тому

    Could you please add a video about transmission congestion contracts? Thanks for the great content.

  • @darthhuy
    @darthhuy 4 роки тому

    Very crisp and informative!

  • @aidanwilks1342
    @aidanwilks1342 Рік тому

    Fantastic teaching!

  • @stickyheart6037
    @stickyheart6037 5 років тому +3

    Vert informative video! Look forward to more~~

  • @adam-xe6xr
    @adam-xe6xr 3 роки тому

    Brilliant explanations! Thanks for the video.

  • @alessandropiacentini5894
    @alessandropiacentini5894 7 місяців тому

    awasome! :)

  • @chineduij
    @chineduij 5 років тому +1

    Very well put!

  • @hasnainsalman6625
    @hasnainsalman6625 Рік тому

    Thank you!

  • @dessieodonnell9247
    @dessieodonnell9247 Рік тому

    BRILLIANT EXPLAINATION!!!! I’ve one question though……How or where would you recommend someone to study in order to get into Electricity trading?

  • @YazinS
    @YazinS 3 роки тому

    Grear explanation Bilal!

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @davidmuldowney1
    @davidmuldowney1 5 років тому +2

    Good intro video. Well done

  • @himakshivyas5687
    @himakshivyas5687 5 років тому +2

    Very informative! Thank you sir

    • @bilaldahlab
      @bilaldahlab  5 років тому

      Thank you very much Himakshi! :)

  • @oliviajeanette1065
    @oliviajeanette1065 3 роки тому +1

    Great video!

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @pck7533
    @pck7533 2 роки тому

    great content bro

  • @syedsubhanahsen2621
    @syedsubhanahsen2621 4 роки тому +1

    @4:59 , Your said that if consumer wants to book 2 months in advance, then it would be traded in day ahead market, I think the market for derivatives (futures/options) is responsible for it, not the spot market (day ahead). Otherwise great explanation, thanks

  • @rudramukherji6958
    @rudramukherji6958 3 роки тому

    Great job

  • @mj8695
    @mj8695 3 роки тому

    I like your explanation. Keep it up

  • @wolfsoncambridge
    @wolfsoncambridge 3 роки тому

    Fantastic video and so well explained.

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @sandeepvenkatesh8694
    @sandeepvenkatesh8694 3 роки тому

    Beautifully explained

    • @kimm.n470
      @kimm.n470 3 роки тому

      Most newbies fail simply because they don't understand how the market works in general or in particular how the market relates to stock or currency pair they entering. If a retail trades doesn't grasp what the market makers are doing and when they are doing it, the greatest strategy in the world will fall. For new traders the markets are like entering an F1 race before you've passed your drivers license test. I am a beginner I never believe I made $30,000 in just 1 week from trading and with the market. an expert financial analysis and he made me learn to read and understand the language of price action. He guides me with the exact time frame to trade and now I just received me first withdrawals of $30k in my bank account today I'm very happy, my advice is for you to contact him he will guide you perfectly well, and thank me later, I guess this is a good way to show my heartfelt appreciation for literally breaking the chain of my financial debit when I needed it most (friedrichwalter533@gmail...com)

  • @williamdurham6741
    @williamdurham6741 3 роки тому

    Thanks!

  • @renaldomoon3097
    @renaldomoon3097 4 роки тому

    ty, nice video

  • @davidbowers4707
    @davidbowers4707 6 років тому +1

    brilliant video

    • @bilaldahlab
      @bilaldahlab  6 років тому +1

      Thank you very much David !

    • @davidbowers4707
      @davidbowers4707 6 років тому

      No problem. You have a great way of explaining things! very easy to understand

  • @svetary6252
    @svetary6252 5 років тому +1

    Thank you, Bilal! Simple and clear explanation of a difficult thing

    • @bilaldahlab
      @bilaldahlab  5 років тому

      Hey Sveta thank you very much to take the time writing me positive feedback. Made my day! :)