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One-Sided Pay-as-Offer Market

In the One-Sided Pay-as-Offer market, agents representing energy producers, including prosumers (sellers) post offers in the market with an energy price determined by the assets' trading strategy.

Agents representing consumers (buyers) can see the offers available in their local market, filter affordable offers and then select the most favorable offer. The energy rate on which the seller and buyer settle is the price of the offer (pay-as-offer). Consequently, the trade rate may differ for trades settled in the same slot. The auction is continuous, meaning that once an offer is posted, it can be accepted right away, even before the end of each market slot.