The electricity market has two main objectives: promote, while remaining neutral, the transparency, objectivity and competitiveness of the activities of the electricity supply chain. It also has the objective of guaranteeing the management in economic terms of the distribution of services.
The physical execution of bilateral contracts requires the registration of the contracts. On the forward electricity market, traders can register the forward transactions and then later, the relevant withdrawal and injection schedules that the traders undertake to perform.
On the forward electricity market, every trader is assigned electricity withdrawal and injection accounts, according to the type of unit (production/consumption) and availability. Most transactions on the electricity market take place on the day-ahead market. Traders exchange energy blocks for the next day. The next market is the intra-day market. This market includes four sessions and traders modify the withdrawal schedules defined during the day-ahead market session.
Market Interface is the application for users involved in bidding on energy platforms. In particular, this application concerns bidding on the forward electricity account trading platform, day-ahead market and bidding on the intra-day market. The module also supports the Trayport® API for the acquisition of data from TFS brokering platforms.