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Fix the energy market
Draft

Zonal Marginal Pricing

A wholesale architecture in which electricity is priced within geographic bidding zones, inter-zonal congestion affects market prices and residual internal congestion is managed through redispatch.

Solution section

Balancing & Real-Time Operation

How deviations, uncertainty and real-time system requirements are handled.

Balancing & Real-Time Operation

Day-ahead and intraday market outcomes do not eliminate the need for system operation.

Transmission-system operators continue to manage:

  • forecast errors;
  • contingencies;
  • reserve requirements;
  • frequency;
  • residual congestion.

Balancing therefore remains a separate operational layer following zonal market clearing.