INTRA-DAY MARKET - IM

The Intra-Day Market (IM) allows Market Participants to modify the schedules resulting from the Day-Ahead Market (DAM) by submitting additional supply offers or demand bids. The IM takes place in two sessions IM1 and IM2.
 - The sitting of the IM1 takes place after the close of the DAM. It opens at 10.30 a.m. of the day before the day of delivery and closes at 12.00 a.m. of the same day. The results of the IM1 are made known within 12.30 p.m. of the day before the day of delivery.
 - The sitting of the IM2 opens at 10.30 a.m. of the day before the day of delivery and closes at 3.00 p.m. of the same day. The results of the IM2 are made known within 3:30 p.m. of the day before the day of delivery. 
 - Supply offers and demand bids are selected under the same criterion as the one described for the DAM.
 - Unlike in the DAM, accepted demand bids are valued at the zonal price.
 -Gestore dei Mercati Energetici S.p.A (GME) acts as a central counterparty. 
 © 2009 ASSONEBB