Day-ahead and intraday electricity trading (The Energy Academy - S3 E7)

Neil again! Welcome back to The Energy Academy.
In the last few episodes, we looked in detail at forward and futures markets - where electricity is traded for a specific price in advance of delivery.
But advance forecasts are never completely accurate - and so suppliers have to fine-tune their predictions - the industry term for this is “adding shape”.
They do this to meet more dynamic, up-to-date forecasts of their customers’ demands.
This is where the spot market comes in. The spot market is for day-ahead and intraday trading.
It’s called the ‘spot’ market because it’s the market for ‘on-the-spot’ trading, as in, trading for the here and now.
And ‘day-ahead’? Yep, you guessed it - day-ahead trading means that electricity is bought and sold for delivery at some point during the following day.
Intraday trading (sometimes called “within-day” trading) means that electricity is bought and sold for delivery on the same day.
Find out more: platform.modo.energy/phase

[@fabiobottoni]

Great job! Stumbled upon this video and I the explanation it's really clear and concise. Keep up the good work!

[@ScottE77]

Close of trade is 15 minutes before delivery, not 1 hour. There are 45 minutes of trading available after the Final Physical notifications have been released publicly.

[@GiovanniCharles]

"yo yo what's up!" 🤣

[@navido9622]

Hey buddy

[@breadb4meat]

good vid though.

[@anthony212459]

How can I get started doing this?

[@breadb4meat]

can you take a speach class please

[@breadb4meat]

your accent lost me mate.