Day-ahead market

Elma Orkuviðskipti offers efficient and secure trading on the day-ahead electricity market. In this market, Elma acts as a central counterparty, ensuring anonymity in transactions. Market participants have access only to their own trading activities. Elma's role as a central counterparty means it becomes the seller to every buyer and the buyer to every seller, thereby reducing counterparty risk. This arrangement promotes secure, efficient, and timely settlement of trades, ensuring equal treatment among all participants.

The trading system for the day-ahead market is user-friendly and supports transparent, competitive, and cost-effective short-term trading.

Market participants can select from 24 hourly periods for the next day, with the market operating every day of the year.

Electronic Trading Platform

The trading platform is web-based and accessible to market participants via the internet. It utilizes Nord Pool's system, which boasts over 30 years of experience operating electricity markets in Europe. The system is reliable and secure, featuring a user-friendly interface.

• The platform is continuously updated, requiring no special installation.
• It offers a user-friendly interface for auction-based electricity trading.
• Trade matching is automated.
• All trades and volumes are accessible in a timely manner.
• API connections are available for both trading and settlement systems, facilitating process automation.

API Solutions

Elma provides API solutions that integrate clients' internal trading systems with Elma's trading, reporting, and settlement systems, enabling process automation.

Test Environment

Elma offers a test environment for prospective market participants, allowing them to familiarize themselves with the trading system and prepare for active participation.