The Bidding section supports the preparation and submission of orders to the spot electricity markets, namely the Day-Ahead Market, the Intraday Auctions and the continuous intraday market (XBID). It brings together the market position of the company, the forecasts of its assets and portfolios and the order entry screens, so that the trader can move from a bidding strategy to a submitted order within a single workflow.
Strategy supports the definition of the quantities to be traded in each market, based on the forward positions, the market schedule and the latest forecasts of the bidding entities. Hybrid Orders and Block Orders translate the strategy into the order types accepted by the market, with the price and quantity steps of each period, or with the block orders that thermal units use to secure production for several consecutive periods. XBID supports the trading of continuous intraday contracts, with the market depth, the open position and the suggestions that help the trader to act on the opportunities of the market.
Market Order List collects all the orders that have been created, so that an authorized user can review them, approve and send them to the market, cancel them or export them as market files, and follow their status in real time. Market Results presents the official results published by the market, namely the clearing prices and the quantities cleared for each bidding entity, which are also stored as timeseries for portfolio management and settlement.
The applicable markets and order types depend on the bidding zone and on the participation settings of each entity.
The following pages describe the preparation, submission and monitoring workflow for each screen.