As of 15 November this year, IBEX now provides the opportunity to submit block offers on the Day-Ahead market segment. The market participants have the possibility to choose between four types of block orders (regular block order, curtailable block order, linked block order, profile block order) depending on their wish whether the transaction should cover the whole, part of the offered volume for each hour or a different volume for each hour, as well as transacting on a hierarchical basis for linked orders.
Block buy and/or sell offers facilitate the management of the trading portfolio and physical assets by optimizing the production and consumption of electricity.
Until now, the IBEX only allowed the introduction of offers for individual hourly products on the Day-Ahead market segment.
More information on the parameters of the block offers can be found in the updated version of the Instruction № 6 Products traded specification.