The Enduring Auction Capability (EAC) has been used for procuring response services for delivery since Friday November 3rd 2023. Now that the first set of results is available, we can see if any bidding patterns have emerged in these early stages.

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Does Spain's intraday continuous market have enough liquidity to support algorithmic trading?

Spain's ICM traded 2 TWh in Q4 2025, 15x less than Germany. Low volumes and and number of operations limit the execution at scale for batteries.

Poland’s battery energy storage buildout outlook

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MISO March benchmark: Indiana Hub spreads surged 38% YoY to $288/MW-day

MISO four-hour spreads at Indiana Hub surged 38% YoY to $288/MW-day in March, led by a scarcity spike and persistent northern premium over southern hubs.

Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

Early bidding strategies in the Enduring Auction Capability: The impact on revenues

Early bidding strategies in the Enduring Auction Capability: The impact on revenues

​Does Spain's intraday continuous market have enough liquidity to support algorithmic trading?

Poland’s battery energy storage buildout outlook

ERCOT Market Outlook Report - Q1 2026

MISO March benchmark: Indiana Hub spreads surged 38% YoY to $288/MW-day

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Does Spain's intraday continuous market have enough liquidity to support algorithmic trading?