Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges

This paper presents an in-depth analysis of the intraday (ID) market within the Iberian electricity market. The study examines price dynamics and the participation of market agents across multiple trading sessions, including both the auction-based intraday (IDA) sessions and the continuous intraday...

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Detalhes bibliográficos
Autores: Maiz, Santiago, García Bertrand, Raquel, Baringo Morales, Luis, Alskaif, Tarek A.
Tipo de documento: artigo
Data de publicação:2025
País:España
Recursos:Universidad de Castilla-La Mancha
Repositório:RUIdeRA. Repositorio Institucional de la UCLM
OAI Identifier:oai:ruidera.uclm.es:10578/47275
Acesso em linha:https://doi.org/10.1016/j.segan.2025.102072
https://hdl.handle.net/10578/47275
Access Level:Acceso aberto
Palavra-chave:Iberian electricity market
Intraday market
Balancing market
Renewable energy sources
European single intraday coupling
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spelling Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challengesMaiz, SantiagoGarcía Bertrand, RaquelBaringo Morales, LuisAlskaif, Tarek A.Iberian electricity marketIntraday marketBalancing marketRenewable energy sourcesEuropean single intraday couplingThis paper presents an in-depth analysis of the intraday (ID) market within the Iberian electricity market. The study examines price dynamics and the participation of market agents across multiple trading sessions, including both the auction-based intraday (IDA) sessions and the continuous intraday (IDC) market. Additionally, it explores the intricacies of the balancing market, particularly in terms of managing untraded energy from various stages, including the day-ahead (DA) market, the IDA sessions, and the IDC market. Special attention is given to the recent reform of the discrete ID market, which transitioned from six daily sessions to three, as part of its integration into the European single intraday coupling (SIDC) framework. The work also investigates the evolution of price volatility as the delivery hour approaches, and studies market liquidity through two key indicators: the number of matched agents and the traded energy volume in each session. Overall, this research highlights the evolving structure and challenges of the Iberian ID electricity market, offering valuable insights for market participants and policymakers. The results contribute to a better understanding of how the ID market supports vRES integration and short-term system flexibility under increasing uncertainty.Elsevier202620262025info:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.1016/j.segan.2025.102072https://hdl.handle.net/10578/47275reponame:RUIdeRA. Repositorio Institucional de la UCLMinstname:Universidad de Castilla-La ManchaInglésPID2021-126566OB-I00PID2024-159031OB-I00info:eu-repo/semantics/openAccessAttribution-NonCommercial-NoDerivs 3.0 Spainhttp://creativecommons.org/licenses/by-nc-nd/3.0/es/oai:ruidera.uclm.es:10578/472752026-05-27T07:36:41Z
dc.title.none.fl_str_mv Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
title Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
spellingShingle Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
Maiz, Santiago
Iberian electricity market
Intraday market
Balancing market
Renewable energy sources
European single intraday coupling
title_short Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
title_full Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
title_fullStr Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
title_full_unstemmed Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
title_sort Analysis of the iberian intraday market: Price dynamics, market participation, and balancing challenges
dc.creator.none.fl_str_mv Maiz, Santiago
García Bertrand, Raquel
Baringo Morales, Luis
Alskaif, Tarek A.
author Maiz, Santiago
author_facet Maiz, Santiago
García Bertrand, Raquel
Baringo Morales, Luis
Alskaif, Tarek A.
author_role author
author2 García Bertrand, Raquel
Baringo Morales, Luis
Alskaif, Tarek A.
author2_role author
author
author
dc.subject.none.fl_str_mv Iberian electricity market
Intraday market
Balancing market
Renewable energy sources
European single intraday coupling
topic Iberian electricity market
Intraday market
Balancing market
Renewable energy sources
European single intraday coupling
description This paper presents an in-depth analysis of the intraday (ID) market within the Iberian electricity market. The study examines price dynamics and the participation of market agents across multiple trading sessions, including both the auction-based intraday (IDA) sessions and the continuous intraday (IDC) market. Additionally, it explores the intricacies of the balancing market, particularly in terms of managing untraded energy from various stages, including the day-ahead (DA) market, the IDA sessions, and the IDC market. Special attention is given to the recent reform of the discrete ID market, which transitioned from six daily sessions to three, as part of its integration into the European single intraday coupling (SIDC) framework. The work also investigates the evolution of price volatility as the delivery hour approaches, and studies market liquidity through two key indicators: the number of matched agents and the traded energy volume in each session. Overall, this research highlights the evolving structure and challenges of the Iberian ID electricity market, offering valuable insights for market participants and policymakers. The results contribute to a better understanding of how the ID market supports vRES integration and short-term system flexibility under increasing uncertainty.
publishDate 2025
dc.date.none.fl_str_mv 2025
2026
2026
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.1016/j.segan.2025.102072
https://hdl.handle.net/10578/47275
url https://doi.org/10.1016/j.segan.2025.102072
https://hdl.handle.net/10578/47275
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv PID2021-126566OB-I00
PID2024-159031OB-I00
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
eu_rights_str_mv openAccess
rights_invalid_str_mv Attribution-NonCommercial-NoDerivs 3.0 Spain
http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:RUIdeRA. Repositorio Institucional de la UCLM
instname:Universidad de Castilla-La Mancha
instname_str Universidad de Castilla-La Mancha
reponame_str RUIdeRA. Repositorio Institucional de la UCLM
collection RUIdeRA. Repositorio Institucional de la UCLM
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,812455

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