Gnarum | Empowering your energy
From March 18, 2025, the Spanish electricity market will move toward a more detailed and dynamic operating model, introducing 15-minute intraday trading (QH) and settling deviations at the same time resolution (ISP15).
This regulatory change, aligned with European standards, aims to improve energy efficiency and harmonize electricity markets.
Since operation schedules are calculated in energy (MWh), market participants will need to convert these values into average power (MW) over 15-minute intervals.
Similarly, the correct execution of any balancing adjustment operation will require converting the matched power in each 15-minute interval back into energy values.
The Day-Ahead Market will remain hourly, and its transition to 15-minute intervals will be delayed due to the technical challenges arising from the simultaneous coordination of all European markets.
This decoupling between daily and intraday granularities will force market participants to adjust their consumption and generation schedules in the intraday markets. Otherwise, deviations may occur, as the hourly matching in the Day-Ahead Market will be distributed evenly across each 15-minute interval.
Market participants will need to adapt their operations to manage the higher risk of deviations and potential additional costs arising from schedule adjustments:
Implementing advanced forecasting tools to improve prediction accuracy in 15-minute intervals.
Optimizing real-time energy trading strategies, quickly adapting to market fluctuations.
En Gnarum, ofrecemos un enfoque integral M2M (Meter To Market) diseñado especĂficamente para abordar estos desafĂos. Nuestro compromiso es proveer a los Agentes de Mercado de las herramientas necesarias para gestionar este cambio regulatorio sin complicaciones.
With Gnarum, you will not only meet the new operational requirements but also maximize your opportunities in the QH market, as our Telemetry, FORECAST, and TRADE platforms provide:
Robust and reliable management of large data volumes.
More accurate forecasts based on real consumption and production data in 15-minute intervals.
Full automation of energy-to-power conversions, eliminating manual errors and ensuring consistency.
Automatic generation of adjustment offers, optimizing energy imbalance management.
Intuitive and detailed reports that facilitate operational decision-making.
Guaranteed compliance with operational specifications published by OMIE.
FORECAST provides users with predictions of the highest accuracy, available at multiple resolutions (QH, FH) and horizons ranging from real-time to short-, medium-, and long-term forecasting, with customizable delivery options.
On January 1st, the initial phase of the TIDE reform (Testo Integrato del Dispacciamento Elettrico) came into effect in the Italian electricity market, a process whose similar features will be adopted by the Spanish markets starting March 18th.
After two months under this regulatory framework, we can confirm that our systems have integrated seamlessly into this new operational scheme. In particular, we highlight the flexibility to adjust the different resolution levels that coexist within each session, as well as the potential for dynamic conversion of production/consumption units (MWh, MW, etc.) across the various system elements.
Do you need expert guidance? Don’t hesitate to contact us.
