Post by Nico Schoutteet

☀ A while back, we published a study on the impact of renewable energy on short-term electricity markets (https://lnkd.in/em_ats3P). Looking into the dynamics of the coupled intraday auctions, which were implemented shortly before the summer, I remembered a point about the saw-tooth pattern of quarter-hourly intraday auction prices, hovering above and below the hourly day-ahead auction price. 🧮 In this article I explore this issue (a bit) further: looking at how the mix between 60' and 15' market time units leads to a need for renewable energy producers to correct their positions in subsequent auctions, and how this drives clearing prices up, or down.