Table 1 Applied market participation options
Market participation option | Bidding approach |
|---|---|
Unflexible | Bid unflexible initial baseload in day-ahead market |
Day-ahead market (DA) | Optimise scheduled loads based on day-ahead market prices |
Intraday market (ID) | Adjust initial baseload with bids in intraday market |
Regulating power market (RG) | Adjust initial baseload with up/down bids in regulating power market |
Day-ahead and intraday market (DA + ID) | Optimise scheduled loads by bidding in day-ahead and intraday market |
Day-ahead and regulating power market (DA + RG) | Optimise scheduled loads by bidding in day-ahead and regulating power market |
All three sub-markets (DA + ID+RG) | Optimise scheduled loads by bidding in all three sub-market |