Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets
With the increasing integration of RES into the Greek electricity market, short-term flexibility mechanisms are essential for balancing supply and demand. Significant RES curtailment and price volatility in 2024 highlighted the system’s limited ability to adapt to real-time fluctuations. The upcomin...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2025-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2025/38/e3sconf_eepes2025_02010.pdf |
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| author | Nikologiannis Marios Karapidakis Emmanuel Iliadis Loannis Yfanti Sofia |
| author_facet | Nikologiannis Marios Karapidakis Emmanuel Iliadis Loannis Yfanti Sofia |
| author_sort | Nikologiannis Marios |
| collection | DOAJ |
| description | With the increasing integration of RES into the Greek electricity market, short-term flexibility mechanisms are essential for balancing supply and demand. Significant RES curtailment and price volatility in 2024 highlighted the system’s limited ability to adapt to real-time fluctuations. The upcoming 15-minute MTU implementation in June 2025 aims to improve market responsiveness and align with broader European market integration efforts. This paper investigates the operational effectiveness of flexibility tools in the DAM and IDM, focusing on the role of structured auctions (IDA 1-3) and continuous trading via the XBID platform. Using detailed data from January to March 2025, sourced from the HEnEx and the IPTO, the study examines daily volumes, responsiveness to MCP volatility, and RES curtailment patterns. Key performance indicators include the correlation between market price movements, intraday activity and the volume dynamics of each flexibility layer. The findings reveal distinct behaviours in auction-based and continuous mechanisms, and offer insights into the Greek market’s real-time balancing capacity. |
| format | Article |
| id | doaj-art-c91bf045ae0142abb0b8c0fc0bbd1188 |
| institution | DOAJ |
| issn | 2267-1242 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj-art-c91bf045ae0142abb0b8c0fc0bbd11882025-08-20T03:12:46ZengEDP SciencesE3S Web of Conferences2267-12422025-01-016380201010.1051/e3sconf/202563802010e3sconf_eepes2025_02010Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity MarketsNikologiannis Marios0Karapidakis Emmanuel1Iliadis Loannis2Yfanti Sofia3Hellenic Mediterranean University, Electrical and Computer Engineering DeptHellenic Mediterranean University, Electrical and Computer Engineering DeptHellenic Mediterranean University, Electrical and Computer Engineering DeptHellenic Mediterranean University, Mechanical Engineering DeptWith the increasing integration of RES into the Greek electricity market, short-term flexibility mechanisms are essential for balancing supply and demand. Significant RES curtailment and price volatility in 2024 highlighted the system’s limited ability to adapt to real-time fluctuations. The upcoming 15-minute MTU implementation in June 2025 aims to improve market responsiveness and align with broader European market integration efforts. This paper investigates the operational effectiveness of flexibility tools in the DAM and IDM, focusing on the role of structured auctions (IDA 1-3) and continuous trading via the XBID platform. Using detailed data from January to March 2025, sourced from the HEnEx and the IPTO, the study examines daily volumes, responsiveness to MCP volatility, and RES curtailment patterns. Key performance indicators include the correlation between market price movements, intraday activity and the volume dynamics of each flexibility layer. The findings reveal distinct behaviours in auction-based and continuous mechanisms, and offer insights into the Greek market’s real-time balancing capacity.https://www.e3s-conferences.org/articles/e3sconf/pdf/2025/38/e3sconf_eepes2025_02010.pdf |
| spellingShingle | Nikologiannis Marios Karapidakis Emmanuel Iliadis Loannis Yfanti Sofia Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets E3S Web of Conferences |
| title | Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets |
| title_full | Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets |
| title_fullStr | Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets |
| title_full_unstemmed | Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets |
| title_short | Assessing Flexibility in the Greek Day-Ahead and Intraday Electricity Markets |
| title_sort | assessing flexibility in the greek day ahead and intraday electricity markets |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2025/38/e3sconf_eepes2025_02010.pdf |
| work_keys_str_mv | AT nikologiannismarios assessingflexibilityinthegreekdayaheadandintradayelectricitymarkets AT karapidakisemmanuel assessingflexibilityinthegreekdayaheadandintradayelectricitymarkets AT iliadisloannis assessingflexibilityinthegreekdayaheadandintradayelectricitymarkets AT yfantisofia assessingflexibilityinthegreekdayaheadandintradayelectricitymarkets |