Intraday market asymmetries — A Nordic example

Emilie Rosenlund Soysal, Ole Jess Olsen, Klaus Skytte, Jonas Khubute Sekamane

    Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review


    While the majority of electricity in the Nordic and Baltic countries is traded at the day-ahead market, producers and consumers can use the intraday market to adjust their production commitments according to updated forecasts closer to the time of delivery. This reduces the need for balancing, particularly important for VRE producers, but it also means that the price formation at intraday market can change optimal bidding strategy in the day-ahead market. Through econometric modelling of intraday price premiums, this paper investigates intraday price asymmetries, which potentially can lead to strategic bidding. The intraday market is per definition symmetric, as prices for power sales always correspond to prices for power purchases, however, we find that this symmetry is not reflected in the price structure in regards to the total load adjustment needs.
    Original languageEnglish
    Title of host publication2017 14th International Conference on the European Energy Market (EEM)
    Number of pages6
    Publication date2017
    ISBN (Electronic)978-1-78561-202-2
    Publication statusPublished - 2017
    Event14th International Conference on the European Energy Market - Dresden, Germany
    Duration: 6 Jun 20179 Jun 2017
    Conference number: 14


    Conference14th International Conference on the European Energy Market
    Internet address


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