On April 17, for a delivery date of April 18, a new type of block product was successfully launched on CROPEX’s day-ahead market – spread block product.
Spread Blocks are an order type using linked blocks, where a pair of buy and sell blocks are mutually linked. In a spread block, both blocks are either accepted or rejected, CROPEX said in a statement published on its website.
This order type is asked for specifically related to battery/pump/storage assets where it makes sense to have one “charging period” and one “discharging period”. One of the blocks has to be a buy block and the other block has to be a sell block.
Implementation of the new product will help CROPEX members optimize their trading on the CROPEX day-ahead market.
