The Baltic electricity market has begun the transition to a 15-minute trading interval

The Baltic electricity market has begun the transition to a 15-minute trading interval

The electricity market in the Baltic countries began to be transferred from an hourly to a 15-minute trading interval.

  • Illustrative photo. Photo: Shutterstock
This was announced by the Estonian system operator Elering, according to which such a step was taken to “improve market efficiency and support the further integration of energy from renewable sources into the energy system,” reports rus.err.ee.

The transition to a new time interval of exchange auctions for intraday transactions was carried out on December 16-17 in cooperation between the Nord Pool exchange and three system operators in the Baltic countries.

Reducing the trading interval should allow more accurate planning of electricity production and consumption and bring it into line with the needs of the power system in real time.

Currently, the transition to 15-minute intervals has been made for intraday trades, and the transition to such an interval for day-ahead trades is planned in the Baltics for 2025 – this transition will be carried out throughout Europe.

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Source: www.dv.ee