Category: 📘 Glossary & Acronyms
Day-Ahead Market (DAM)
An electricity market in which energy supply and demand are scheduled one day before real-time system operations.
The Day-Ahead Market allows electricity market participants to submit bids and offers for electricity delivery during each hour of the following day.
The market operator uses these bids and offers to determine:
The DAM helps improve electricity system efficiency by allowing participants to plan generation and consumption in advance.
The day-ahead market operates alongside the real-time electricity market. Real-time markets adjust dispatch and prices based on actual system conditions.
A generator may submit an offer to supply electricity during a specific hour of the following day, and if the offer is accepted in the DAM, the generator is scheduled to operate during that period.
Last Updated: YYYY-MM-DD