Six linked but distinct markets.
All network-aware. All fair.
Enleashed keeps markets distinct — wholesale stays wholesale, balancing stays balancing — but links them intelligently. Imbalance creates balancing requirements. Renewable generation creates certificates. Wholesale exposure triggers CfD settlement. Network state constrains every dispatch decision.
Distinct markets, intelligent linkages. One exchange.
Each market operates according to its own rules and purpose. What the Enleashed exchange adds is the intelligence to link them: so that a decision in one market is visible to another, and network state is always the physical constraint.
Day-ahead and forward power
Price discovery at scale, anchored to physical delivery.
The wholesale market sets the reference price for generation and demand across half-hourly settlement periods. Enleashed uses wholesale prices as the anchor for local flexibility pricing — ensuring that local markets complement rather than replace the wholesale benchmark.
- ·Day-ahead and forward auction clearing
- ·Half-hourly settlement period structure
- ·Network-adjusted local clearing price
- ·Linked to intraday, CfD and PPA markets
Real-time position adjustment
Continuous market for assets to update positions as conditions change.
The intraday market allows generators, asset owners and suppliers to adjust their positions continuously up to gate closure. Network-aware scarcity signals update in real time, allowing participants to re-price and re-bid their flexibility against current grid conditions.
- ·Continuous clearing up to gate closure
- ·Network-state-adjusted scarcity signals
- ·Asset-level bid update capability
- ·Imbalance exposure visible in real time
System and local balancing
Real-time dispatch of flexible assets to correct imbalance.
The balancing market dispatches flexible generators and assets to correct real-time system and local imbalance. Unlike system-level balancing mechanisms, Enleashed balancing is network-aware: dispatch is constrained by the physical capacity of the network at the point of delivery.
- ·Auto-triggered from intraday imbalance exposure
- ·Constrained by live network tightness
- ·Both generators and demand-turn-up assets eligible
- ·Settlement against network-adjusted balancing price
Assured future availability
Contracts for committed future capacity — shaped by local adequacy needs.
The capacity market contracts generators and flexible assets to commit available capacity in future periods. Unlike national-level capacity mechanisms, Enleashed capacity contracts are shaped by local network adequacy requirements — prioritising assets in locations where future scarcity is expected.
- ·Location-specific adequacy procurement
- ·Contracts for both generators and flexible assets
- ·Linked to network-level capacity forecasts
- ·Settlement against committed availability
Contracts for Difference
Wholesale price exposure triggers CfD settlement automatically.
Contracts for Difference settle the difference between a contracted strike price and a reference market price. On the Enleashed exchange, wholesale price exposure from generation positions automatically triggers CfD settlement logic — with the reference price network-adjusted to reflect local delivery conditions.
- ·Auto-triggered from wholesale price exposure
- ·Network-adjusted reference price for settlement
- ·Two-way CfD structure for renewable generators
- ·Linked to REGO and renewable certificate issuance
Carbon and renewable certificates
Renewable generation automatically creates carbon and renewable certificates.
Every unit of renewable generation dispatched through the exchange can create a Renewable Energy Guarantee of Origin or equivalent certificate. Evidence is linked to metered output and settlement records — providing a traceable, audit-ready trail from generation to certificate issuance.
- ·REGO issuance linked to metered renewable generation
- ·Evidence chain from dispatch to certificate
- ·Linked to CfD obligations and PPA green clauses
- ·Tradeable on-exchange or transferred bilaterally
Power Purchase Agreements. On-exchange, evidence-backed.
The PPA market allows generators — including community energy groups and embedded generation — to contract directly with buyers for long-term or short-term power supply. PPAs can include green clauses linked to REGO certificates, and community generation can be sold directly to local buyers on-exchange.
- →Long-term bilateral contracts executed on-exchange
- →Community generation sold to local buyers directly
- →Green clauses linked to REGO certificate issuance
- →Pricing transparent and linked to network-adjusted wholesale
PPA strike price is anchored to the network-adjusted wholesale reference. REGO certificates are issued against metered generation and attached to settlement.
How the markets connect. Automatically.
The exchange engine monitors positions across all six markets in real time and triggers linkages automatically. No manual reconciliation. No hidden adjustments. Every linkage is logged and evidence-backed.
When intraday positions leave a participant exposed, the exchange automatically creates a balancing requirement and routes it to the balancing market.
Every unit of renewable generation cleared through the exchange creates an evidenced REGO or equivalent certificate, linked to metered delivery.
When the wholesale clearing price diverges from a contracted CfD strike price, settlement logic is triggered automatically and applied to the relevant generator positions.
Local and community generators — solar, wind, BESS — can contract their output directly to buyers through on-exchange PPAs, with green clauses and evidence packs attached.
Network state is the overriding physical constraint across every market. Tightness at any level of the hierarchy informs local price signals and limits what the exchange can physically dispatch.
Access the exchange.
Talk to us about generator access, supplier participation, asset registration or piloting the network-aware exchange layer.