Every 15 minutes will change the prices in Stock market (instead of every hour that was in place so far), after implementing, pan -European, of the provision of the relevant regulation.

According to the ADMEthis change will contribute to the safer operation of electricity systems and the maximization of social benefit. “In this new situation, participants have the opportunity to submit purchase or sales orders for every 15 minutes of the day of physical delivery, as opposed to the previous state in which the orders referred exclusively to hourly intervals. Consequently, the energy transactions and the values ​​at which they are executed are changed every 15 minutes to 96 (instead of 24) distinct prices and quantities for each day. “

The EU’s General Energy Directorate notes that thanks to the change, electricity values ​​will now be calculated every 15 minutes, more accurately reflecting the expected production and demand for electricity in the electricity system.

“This change makes Europe’s electricity system more flexible, reliable and ready for the growing share of renewable energy sources. This thinner degree detail is particularly important for renewable energy sources, such as wind and solar, as it improves their ability to integrate into the electricity grid and participate in electricity markets. It also allows system managers to predict and balance the supply and demand for electricity, enhancing network reliability and ensuring constant access to electricity. Market participants also benefit from greater flexibility, as they can now submit orders at 15 minutes, ”he says.

“For EU consumers and industry, the benefits are expected to be significant. An electricity system that best responds to the needs means better use of electricity from renewable sources, fewer network imbalances and, ultimately, lower costs associated with management of electricity flows. This change also supports EU climate and energy objectives, facilitating the integration of clean energy into daily electricity consumption. “