5 keys to save time and resources when trading in the electricity market
Processes you do manually and can automate in energy trading
Electricity markets are complex operating environments. Participating in them requires a high degree of technical and financial expertise. The variety of markets and players, each with their own rules and procedures, makes the process even more difficult. Therefore, the choice of agile and intelligent software is key to facilitating participation and getting the most out of operations.
In Spain, Red Eléctrica Española (REE) and the Operador del Mercado Ibérico de Energía (OMIE) are the two main players. Specifically, REE acts as the system operator, operating the grid and balancing markets, while OMIE manages the wholesale energy markets, such as the daily, intraday and continuous intraday markets.
For some parties, getting into energy trading can be a high workload, as well as risks, which can be minimized with the use of advanced tools. Moving from manual to automated tasks and avoiding tedious and repetitive processes can multiply the performance and results of participation. Therefore, these five keys to save time and resources when trading in the electricity market can make a difference in your energy trading experience.
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David Garrido holds a degree in Industrial and Electronic Technology Engineering from the University of Seville. As Trading Product Manager at Bluence, he leads the design and development of innovative solutions to maximize profitability and performance in energy markets. His extensive experience in trading and analysis of international electricity markets enables him to provide a strategic vision combined with deep technical expertise, driving key projects in the global energy transition.
