Category: 📘 Glossary & Acronyms
Day Ahead Electrical Price (DA Price)
The electricity price determined in the day-ahead market for a specific hour of the following day.
Day-ahead prices are established in the Day-Ahead Market (DAM), where electricity supply and demand are scheduled one day before actual system operation.
Market participants submit bids and offers indicating how much electricity they plan to buy or sell during each hour of the next day.
The market operator then calculates the expected electricity price for each hour based on these bids and offers.
These prices provide a forward price signal that helps participants plan electricity production and consumption.
Day-ahead prices may differ from real-time market prices because actual system conditions, such as demand or generator availability, may change.
A generator may commit to supply electricity during the following day based on the day-ahead market price established for a specific hour.
Last Updated: YYYY-MM-DD