Which is why we have ancillary services and grid regulations.
We aim for those to be real-time markets as well. But for some services that doesn’t fit so we instead buy the services on longer contracts.
The goal is of course to have the ancillary services to be as small and few as possible since it is a supplement creating market based pricing for the things the marginal net energy market itself doesn’t provide adequately today.
We aim for those to be real-time markets as well. But for some services that doesn’t fit so we instead buy the services on longer contracts.
The goal is of course to have the ancillary services to be as small and few as possible since it is a supplement creating market based pricing for the things the marginal net energy market itself doesn’t provide adequately today.
https://en.wikipedia.org/wiki/Ancillary_services