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Quantitative Finance · Glossary

What is Day-ahead market?

Definition 5.2 Markets III: Commodities, Energy and Crypto · Chapter 5 — Power Markets I: Design

The day-ahead market is a daily sealed-bid call auction, held the day before delivery, that sets for each MTU of the next day one uniform-price clearing (One Quant Book 2, chapter 4) per bidding zone from the buy and sell orders submitted before its gate closure.

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