Another factor contributing to volatility is the fact that GOs are not standardised across Europe. Each country has its own system for issuing GOs, and the rules and regulations can vary widely, even though some harmonization is achieved through EECS.
Montel Marketplace is built to bring transparency to these opaque GO markets. We believe that making prices available to everyone will benefit all market actors. Today over 150 member companies are already using our end-of-day prices, published for wind, hydro and anytech GOs.
Our end-of-day prices are based on our best price assumptions of the market. We take actual trading prices, as well as bids and offers from both on and off the screen into consideration when making our calculations. When assumptions need to be made, we ensure accurate feedback from a wide range of expert sources to ensure their accuracy.
This means that all Montel Marketplace participants have a reliable benchmark every morning when they log in, giving them an edge when planning their daily market operations.