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Generalized Quant (Commodities, Energy) || Researcher || Mathematics and ML afficionado || Mathematical Simulation Trading Algorithm Developer || Quantitative Strategist || Autodidact || Extreme Innovation Thinker
Very interesting event indeed => let's do some preliminary analysis => What kind of algos are designed to execute a large number of trading activities in very short time => HFTs algos, of course... They are programmed to have a well-known trigger or some kind of event.. In finance, it can be a news event => let's say ride on waves of autocorrelation of human reaction (EnAnalytica Quantitative Lab => penalization of human thinking and behavior, principle of trading on human imperfect reactions)... However in energy, we have a spatial and temporal distribution across different areas, spatially speaking, and the multiple hours involvement, temporally speaking so it is a complex automated strategy in place, not manual trading... How would we design this complex automated strategy? Block trades => in order to ensure optimal pricing and of course, we need liquidity, you would split large blocks into smaller trades and execute it simultaneously (EnAnalytica Quantitative Lab =>theory of temporal and spatial granulation and its effect on trading).. So very important thing is to look at fragmentation activities => high volume - single contract pairs etc.... On the other side, there is also possibility of algorithm collusion, but this is least likely scenario due to non existence of multitude of algos at the moment. By and large guys, analyze the order book data => good starting point is limit order book literature in finance and its application to energy markets => sequential vs continuous stuff... Papers are coming soon on SSRN... #trading #hedgefunds #investing #mathematics #optimization #energy #power #simulation #machinelearning #renewables #utilities #finance #economics #investing
New Record? 2122 trades in only one millisecond On the 30th of May, something interesting happened on EPEX SPOT. At 19:44:57.981 (UTC) a total of 2122 trades were executed at the same time. For contract 20-21_XB, a total of 539.5 MW have been traded. Most other hourly products also reached a couple of hundred Megawatt in volume. Looking at the area, we see that most of the volume was bought within the German 50Hz delivery area, but additional volumes went to other German delivery areas and some volumes to Denmark as well (DK1 and DK2). On the sell side, we see most of the volume coming from the Dutch market and part of it from Belgium (plus smaller fractions of volumes from other areas). Feel free to suggest theories of what has happened. We do have a pretty solid theory that we plan to back with data ;-)
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Wholesale energy trading markets. How do they work? In Great Britain, electricity is primarily traded through bilateral agreements ahead of time. However, as the delivery period approaches, additional markets come into play to enhance liquidity. The European Power Exchange (EPEX) and Nord Pool (N2EX) facilitate these trading markets, each with specific formats. The Day-Ahead and Intraday auctions let participants submit bids and offers in advance. The exchange then calculates a clearing price. Meanwhile, the Continuous Intraday Market operates constantly and allows bids and offers up until the delivery point, where bids and offers match. In summary, Day-Ahead and Intraday Markets allow participants to trade ahead of delivery periods. At the same time, the Continuous Intraday Market enables constant trading for more responsiveness to real-time market changes. You can check out our full article for more information and to learn what these markets could mean for batteries going forward. #BatteryEnergyStorage #IntradayTrading #DayAheadMarkets
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New Record? 2122 trades in only one millisecond On the 30th of May, something interesting happened on EPEX SPOT. At 19:44:57.981 (UTC) a total of 2122 trades were executed at the same time. For contract 20-21_XB, a total of 539.5 MW have been traded. Most other hourly products also reached a couple of hundred Megawatt in volume. Looking at the area, we see that most of the volume was bought within the German 50Hz delivery area, but additional volumes went to other German delivery areas and some volumes to Denmark as well (DK1 and DK2). On the sell side, we see most of the volume coming from the Dutch market and part of it from Belgium (plus smaller fractions of volumes from other areas). Feel free to suggest theories of what has happened. We do have a pretty solid theory that we plan to back with data ;-)
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The latest from our Capacity Center. Get a free recap of the top 10 Pipelines’ July 2023 capacity release activity with trends and commentary. https://lnkd.in/eCE3d-iN #pipelines #pipelinecapacity #capacitymarket #capacityrelease #naturalgas #naturalgasmarket #energymarket #energytrading
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Zaeras™ simplifies Long-Duration Energy Storage (LDES) in states like Texas and New York, providing an economically feasible solution unmatched in the field. 💰With ABOUND's multi-patented zinc-air technology, customers of Zaeras™ can leverage high energy prices by selling power back to the grid, offsetting operational expenses, and potentially turning a profit, especially during peak demand periods. Its innovative design addresses evolving LDES demands in the Texas energy landscape, ensuring both operational resilience and financial sustainability. 👩🏽🔬 Zaeras™ seamlessly integrates green energy sources into the grid by minimizing curtailment and efficiently bridging supply and demand. Strategic initiatives include peak demand reduction, time-of-use arbitrage, and participation in value stacking programs, aligning with our objective of increasing green energy integration while stabilizing the grid. 👷🏻Distinguished by its inherent safety, Zaeras™ ensures sustained capacity over its lifecycle and independently manages charge and discharge operations. Scalable and cost-effective, it offers versatility in energy capacity, unlike traditional systems. Zaeras™ can lead the energy revolution with unmatched efficiency, safety, and scalability, solidifying its reliability, as underscored by recent ERCOT notices.
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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It is very concerning that we are seeing price spikes and reserve capacity deficiencies in April. What will happen in August? Christmas Eve of 2022 had rotating blackouts in multiple southeastern states. 500,000+ customers were in the dark on a rotating basis in the Carolinas alone. This issue isn’t just in Texas. More and better demand side management programs throughout the country can help greatly. Many businesses, and even some residential customers, have access to these programs already. Unfortunately, investor owned utilities don’t tend to promote these programs. They tend to prefer to have high peak demands. This gives them the ability to propose more power plants, invest capital in those plants, and earn profits on their invested capital. Contact us if you might want to participate in a demand side management program. You can save money and help stabilize the grid.
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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The graphs of this post bring a very real and present example of the challenges with energy transition. The higher participation of renewable energy sources connected to the grid by inverters has operators facing a new challenge. As PV power decreases as the day ends, ever higher ramps of power are required during peak load, ensuing a new ancillary service in the energy market. This is an exciting challenge to power systems engineers and battery energy storage systems (BESS) are a great asset to deal with this challenge. However, it is essential to consider how traditional synchronous can contribute to this new service and help guarantee system stability. But most of all, it is essential that the new service is appropriately designed, to avoid that such a condition of service scarcity is (ideally never) hardly ever reached.
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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If it can happen in Texas, it can happen to us here in UK if we rely on renewables. We should not. We should tell authorities to build nuclear to replace fossil fuels. No question, no delay. This will take 10-15 years, then no more renwables on the grid and precious few fossil fuels.
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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Yesterday wholesale energy prices maxed out at their cap of $5,000/MWh. At the same time, there were 25GW of thermal outages, 20GW of which was unplanned. Batteries stepped in and discharged to supply a record amount of 2,000 MW to the ERCOT grid. While this number may seem small, every megawatt is essential during times of grid stress and scarcity. This number will only continue to grow, and is a reminder of how important and necessary more #energyefficiency will become.
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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The introduction of renewable energy generation sources such as PV and wind sets the power grid into new operational challenges and here is an example from Texas. This emphasizes the importance to broader the perspective on sustainability, to not be limited to only the environmental conditions but also to include what impact it has on business and our societal conditions. Time to take the multi-sustainability perspective. Do you agree? #energyresilience #energyecosystem #energyancillaryservices #energystorage #multisustainabilityperspective
Wholesale energy prices in Texas nearly hit the offer cap of $5,000/MWh last night. Simultaneously, battery discharge to the grid peaked over 2,000 MW, a level that has happened only once before. While that represents only 4% of the total load, it is the highest percentage ever recorded in ERCOT according to the data we track at Grid Status. Perhaps more noteworthy for what's to come: it's the fourth time that particular record has been broken this month alone. Looking ahead to the week, there is an active notice in ERCOT for a possible 'Emergency Condition of Reserve Capacity Deficiency' that starts tonight and continues through Wednesday evening.
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