Table 4 Market Operator role implementation for different submarkets (data from Fatras et al. 2022b; Energinet Regulation A 2007))
Parameters and agents for role implementation | Day-ahead submarket | Intraday submarket | FCR submarket | |
|---|---|---|---|---|
P_Role parameters | Market_type | Exchange | Bilateral | Exchange |
Clearing_type | Uniform Price | Pay-as-Bid | Uniform Price | |
Bidding_resolution | 1 h | 1 h | 4 h | |
Bidding_frequency | 24 h | 1 h | 24 h | |
Bidding_deadline | 12:00 @ Day-1 | Hour-1 | 08:00 @ Day-1 | |
Clearing_deadline | 13:00 @ Day-1 | Cleared at the same time as bids | 08:30 @ Day-1 | |
Minimum_bid_size | 0.1 MW | 0.1 MW | 1 MW | |
Agents | Connect_Energy_Trader | Large-Scale Consumer | Large-Scale Consumer | Large-Scale Consumer |
Connect_Data_Provider | DataHub | Self | DataHub | |
Connect_Market_Regulator | Danish Utility Regulatory | Danish Utility Regulatory | Danish Utility Regulatory |