Summary

The transition from fossil‑fuelled, centralized generation to renewable and distributed energy resources has introduced new challenges for power system operation. Increasing uncertainty in renewable production has created a strong need for short‑term energy trading and has driven significant changes in European market design. Day‑ahead markets were the first step toward liberalized energy trading, but their fixed gate closure soon proved insufficient for variable generation. Two complementary solutions emerged: intraday continuous markets enabling trading close to real-time and liberalized balancing services allowing TSOs to procure balancing capacity and energy through short‑term auctions.

At the same time, distributed energy resources began influencing local grid conditions, prompting DSOs to explore market‑based procurement of flexibility for congestion management and grid optimization. As a result, flexibility (defined as the ability to adjust an asset’s operating schedule) can now be traded across multiple markets. Aggregation platforms and virtual power plants have therefore become essential for coordinating distributed flexibility and allocating it to the most valuable markets.

This paper presents practical experience from the Senergy-Nets multimarket pilot in Ljubljana,

Slovenia, based on a district heating system. First, the paper outlines EU short‑term markets and trading opportunities for flexible assets. Second, it describes the multimarket trading setup used in the Slovenian pilot. Third, it discusses operational and regulatory challenges identified during the demonstration. The conclusions aim to support asset owners, system operators, technology providers, and policymakers in preparing for future multimarket flexibility activities.

Additional informations

Publication type Session Materials
Reference C5_12593_2026
Publication year
Publisher CIGRE
Country Croatia
Study committees
File size 404 KB
Price for non member 30 €
Price for member 30 €

Authors

PAVIĆ Ivan - CyberGrid GmbH; GUTSCHI Christoph - CyberGrid GmbH; PETKOVŠEK Jure - Energetika; KRISPER Uršula - Elektro

Keywords

short-term energy markets, short-term uncertainty, energy multimarket trading

Practical Experience from Energy Multimarket Short-term Trading