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UK electrical grids course
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Module 11
Module 11: UK Electricity Market Design
1
UK Electricity Market Liberalization
Describe the liberalization of the UK electricity market and the separation of generation, transmission, distribution, and supply.
2
Suppliers vs. Network Operators
Explain the difference between electricity suppliers (retailers) and network operators.
3
Wholesale Market Trading Timeframes
Describe the key trading timeframes in the wholesale market, from forward markets to intraday.
4
Day-Ahead Market: Bidding and Price Formation
Explain the process of the day-ahead market, including bid/offer submission and price formation.
5
Intraday Markets: Real-time Position Refinement
Explain the purpose and operation of the intraday markets for refining positions closer to real-time.
6
Understanding the Balancing Mechanism
Explain the purpose and operation of the Balancing Mechanism, including the submission of bids and offers and how the ESO uses it for real-time balancing.
7
IT Systems for the Balancing Mechanism
Describe the key IT systems that support the Balancing Mechanism, such as those for bid/offer data submission and dispatch instruction.
8
The Capacity Market's Role in Generation Adequacy
Describe the role of the Capacity Market in ensuring generation adequacy.
Previous module
Module 10: Network Access, Constraints, and Charging
Next module
Module 12: Market Infrastructure and Settlement