Optimised timing for market participants: French 30-minute Intraday auction shifted to 17:00 CET
Paris, 1 July 2021. As of 30 June 2021 (first trading day), the French 30-minute Intraday auction has successfully been shifted from 14:30 to 17:00 CET. EPEX SPOT decided to move this auction after consultations with market participants, to better serve their needs and further develop liquidity. Auction results are published 15 minutes after order book closure at 17:15 CET.
Intraday auctions play an important role in providing further granularity and balancing opportunities. In a market with an increasing number of renewable assets, they are essential in facilitating a cost-efficient energy transition and in delivering a reliable reference price. EPEX SPOT offers linear as well as block orders for trading, meaning that the 30-minute contract can be traded individually, or combined in a block order. This functionality allows market participants to adapt their orders to particular generation patterns and consumption profiles.