Every market party with the ability to influence electricity consumption or the generation of electricity, which therefore has flexibility available, can participate in GOPACS. Participation in GOPACS do not require strict pre-qualification and validation processes.
GOPACS also offers market parties new opportunities. Combinations of buy and sell orders that are not matched on the market platform can still be matched via GOPACS. The grid operators pay the price difference between the buy orders and the sell orders (the spread) if specific requirements are met:
- The combination of orders contributes to solving congestion
- It does not aggravate congestion elsewhere in the electricity grid
- The grid balance is maintained
- The combination of orders chosen is the most cost-efficient solution.
Participating in GOPACS is easy. GOPACS is not a market platform, but it is interacting with the ETPA market platform (more electricity market platforms are to follow in the future), so you can place your orders via the ETPA platform. An order can only be processed via GOPACS if the delivery location data is provided too. Additionally, you have to accept and sign the terms and conditions of GOPACS. Per order you can decide whether or not the location data is made available for GOPACS.
Cost of participating in GOPACS
No extra costs are involved in orders forwarded via GOPACS. Market parties only pay the usual costs for trading on the ETPA market platform. You do have to provide the location data with your orders and you have to agree with the terms and conditions of GOPACS, so that your orders can be forwarded via GOPACS.
Technical adjustments to be able to participate in GOPACS
Your orders need to include the data of the delivery location. Without this data, participation in GOPACS is not possible. Market parties interact only via the ETPA market platform. You do not trade on GOPACS directly. Everything takes place via the market platform. Apart from ensuring you provide the location data with your order, some adjustments in your systems may be required, for the order has to be delivered at the respective location. Furthermore, from the moment that an order is activated via GOPACS, at this location planned production or consumption at the delivery location can no longer be adjusted in the opposite direction of the call via GOPACS.
Participants do not trade directly via GOPACS but via the ETPA market platform (or other market platforms in the near future). For participating in GOPACS, the location data (EAN code) is required. The EAN code is only visible to the grid operators, but via the EAN code the order can be traced back to the bidder.
Participating in GOPACS?
Participating in GOPACS is interesting for every market party with the ability to influence electricity consumption or the generation of electricity, which can offer this flexibility to trade.