‘The introduction of 15-min MTU in the Day-Ahead Market marks another turning point for the entire European market. As of 30 September, trading under the new arrangements is possible in all the countries that make up the SDAC. This is another initiative that, on the one hand, unites the cross-border market and, on the other, improves its liquidity, flexibility and security, driving the energy transition. I am glad that the Polish Power Exchange has a part to play in this effort and that together we can contribute to the implementation of this momentous change for all of us’ said Piotr Listwoń, President of the Management Board of TGE.
The implementation of the new products was preceded with detailed tests carried out by all Nominated Electricity Market Operators (NEMOs), Transmission System Operators (TSOs) and market participants. Through extensive collaboration and engagement, the new 15-min MTU products will ensure better supply and demand matching while enabling a more precise response to liquidity variations associated with the growing share of electricity from renewable sources. Thus, the new products will support the integration of RES in the European energy mix, which will reduce its dependence on fossil fuels and lead to greater independence and stability of the sector.
The launch of the 15-min MTU in the European Day-Ahead Market can be seen in the broader context of building an integrated electricity market and the steps being taken to this end. One year earlier, on 13 June 2024, similar solutions were introduced in the Intraday Market, complemented by hourly instruments offered in IDAs (Intraday Auctions), which was driven by reforms introduced in the balancing market and the Electricity Market Design (EMD).