Real-Time Energy Markets
“How is energy traded in real-time?”
Because energy is such a critical infrastructure, it needs to be planned out and purchased ahead of time. However, not all predictions are perfect, and sometimes energy needs to be provided the day of. This results in the creation of a Real-Time Energy Market where energy can be traded quickly to meet system needs. The purchasing costs of energy in real time tends to be more expensive and price volatile than its day-ahead equivalent.