In the Day-ahead Market, a Flexible Order is one where the user can define which energy volume they would be willing to sell or buy at a specified order price limit. In addition to the volume and the price limit, the duration and time interval within the delivery day must be specified. Euphemia activates in the duration aiming to optimise social welfare.
This type of bid gives companies with power intensive consumption the ability to sell back power to the spot market by closing down industrial processes for the period in question. The orders duration can have a maximum of 23 consecutive hours. The interval limit can span any period from 00:00 to 24:00.
Example of a flexible orders
|Flexible Hourly Sales (00:00-24:00 for 2 hrs)||-180.0||50.0|
|Flexible Hourly Purchase (10:00-18:00 for 1 hr)||100.0||40.0|
Example screenshot from Day-ahead Web with Flexible orders