Electricity volumes traded on Czech short-term markets reach new record highs

Despite a significant year-on-year decline in electricity prices on short-term electricity markets, a record volume of electricity was traded in August for this month. Year-on-year growth reached 10% on the day-ahead market and as much as 21% on the intraday market. This was reported by the Czech market operator, OTE, a.s.

According to the published data, 2,346 GWh was traded on the day-ahead market in August and 460 GWh on the intraday market. This represents a year-on-year increase of 10% for the day-ahead market and as much as 21% for the intraday market.

The market operator said that this growth was achieved despite a significant year-on-year decline in electricity prices, with prices on the day-ahead market falling from an average of 476 EUR/MWh to 92 EUR/MWh, and from 446 EUR/MWh to 95 EUR/MWh on the intraday market.

"We are pleased that we are meeting our stated goals in developing international cooperation and integrating intraday markets across Europe. The integration of the day-ahead and intraday electricity markets has contributed to the development of trading opportunities for electricity market participants, the security of supply and the overall strengthening of the Czech Republic's energy security. We value the trust of traders who conduct their transactions, namely the sale and purchase of electricity, through our trading platforms," says Igor Chemišinec, vice-chairman of the board of directors of OTE, a.s.

Integration with the rest of Europe

The integration of short-term markets with the rest of Europe had a major impact on the growth in trading volumes. The intraday market was integrated in November 2019, while integration of the day-ahead market was completed in mid-2021.

OTE organises trading on the day-ahead and intraday electricity markets, as well as on the intraday gas market.