Transmission System imbalances: A general overview from the consumer
All agents participating in the electricity market commit to generate or consume an accurate amount of energy in a precise future time interval (imbalance settlement period). When the final electrical energy provided (generators) or withdrawn (consumers) from the system differs from the one initially programmed and [...]
Crystal Ball – The uncharted territory of energy prediction
Is in human nature the necessity to have a “logic” explanation for everything that happens and in the energy market that’s no different. As normal, one tends to rely on the fact that an action triggers a reaction and the more informed you are about those [...]
CONTINUOUS INTRADAY MARKET EUROPE ELECTRICITY
In a context where securing a competitive and efficient energy supply is becoming increasingly important, the internal electricity market project in the European Union born. A market that allows increasing energy generation by non-polluting technologies. DAILY MARKETS WITH THE SAME BACKGROUND The project of an internal [...]
The (non) mistery of the flat omie
Things change. That’s just how it is. Sometimes they change to an outcome which is favorable to us, but other times that outcome is far away from our expectations. Case in point: the Spanish daily power spot market (emphasis on daily). Anyone with half an interest [...]
The change in energy policy in China , gas for coal
The world's most populous country, with more than 1.3 billion people, is beginning to take a change in its energy policy seriously, adopting a proactive, cleaner and more efficient approach. The Asian country has shares of CO2 emissions well above the average of other countries. In [...]
The business model of the electric companies: new actors, new roles, new rules
For a while now, we are experiencing changes of great relevance in the electricity sector. Slowly but unstoppably the big electric companies are working hard to reinvent themselves. The boom in innovation has led to the corporate venture capital funds of large electricity, oil and gas [...]