Supported renewables have lowered the wholesale price
European power trading innovation: Taking the short term to the long
The rise of renewables has revolutionised short-term trading. But that will have a feedback loop to the longer-term market
“When you look now at forward markets, you are not looking at trading multi-seasons at a time, you are looking at, effectively, lots of small intra-day decisions.” So says Rajiv Gogna, partner and development lead at consultancy LCP. LCP began its power market analytics journey focused on the long-term outlook for the market, followed by analysing the intra-day, but the requirement to optimise on a continuous basis is driving an expansion of its offering. “The ambition is to join up the different parts of the curve in terms of no longer just looking at the intra-day itself, but rather looking at what does intra-day versus 20 years’ time look like” says Gogna.
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