SAPRI

Trading in the day-ahead market is conducted daily for delivery the next day's 24-hour period (EFA days). Participants submit (purchase) bids and (sale) offers anonymously and the price formation is done in an auction in which all bids are gathered at the same time and the balance price that is valid for all trades are determined. This way of trading is often referred to as two-sided bidding with closed order book.

SAPRI is the leading exchange solution supporting the two-sided bidding auction model and the solution is in use in several power markets both in Europe, India, and Africa. SAPRI provides an efficient auction engine and supports also congestion management handling within the price formation process.

SAPRI trade

The SAPRI trade client is an easy to use application that enables member to trade on the day-ahead auction market, view the public market results (prices and volumes) as well as view member specific results. The client is supported by Microsoft’s zero deployment framework which implies that new versions of the client is downloaded automatically to the end-user.