Future Power Market Platform

Following our recent debates about intraday markets and implicit auctions, we want to link back to the period post ID gate closure and focus on balancing markets. Article 5 of the proposed new regulation on the internal electricity market envisages that "Marginal pricing shall be used for the settlement of balancing energy. Market participants shall be allowed to bid as close to real time as possible, and at least after the intraday cross-zonal gate closure time.

This offers opportunities to better align and eventually converge procedures pre- and post-gate closures and better integrate system operation and markets, but also raises many questions on how to integrate such an approach with the current setting. At the FPM meeting we would like to discuss the situation from the perspective of regional initiatives (i.e. pilot or reference projects in more recent terms) as well as in a set of European countries to better understand these challenges and opportunities.

For national power market design, the Winter Package has too often only been assessed for its impacts on bidding zone design. All the more important to consider is the implications of marginal pricing and real-time bids to balancing markets in the context of the existing market designs of different EU member states. We want to explore how it could address existing challenges and what other implications it would have for power market design at the example of selected countries. Is the winter package fully coherent with the EB GLs and the other set of codes?