Brady’s checklist for physical and non-physical traders
Are you a physical or non-physical trading organisation?
Are you looking to optimise power trading activity in the GB market?
In the dynamic landscape of Great Britain’s power trading market, staying ahead requires not just keen market insight but also operational efficiency and adherence to compliance standards. To guide traders, both physical and non-physical, we have compiled an essential checklist in our latest document, “How to run successful power trading operations in Great Britain”. This checklist is designed to streamline your trading operations while ensuring you remain compliant with Elexon’s Balancing and Settlement Code.
Here’s a brief overview of what the checklist covers:
System Efficiency: The necessity of a certified physical trading system for managing day-ahead orders and corrections efficiently.
Non-physical Trading Essentials: Includes immediate order notifications, prompt processing of auction results, real-time position updates, and the importance of data integrity.
Physical Trading Focus: Stresses on accessing up-to-date generation forecasts, reconciling meter data with settlement reports, and effective management of balancing mechanisms.
Market Entry Readiness: Questions to assess readiness for the GB market, such as connectivity to exchanges, workflow automation, and scalability.
Brady Technologies’ Expertise: An overview of how Brady Technologies aids energy companies in navigating the GB day-ahead and intraday power market trading challenges with its advanced software platform.
This checklist is a must-read for anyone involved in power trading in Great Britain, offering valuable insights into enhancing operational efficiency and ensuring profitable and compliant trading activities.
Download our checklist to discover technology needed to support successful trading decisions and avoid imbalance charges.
Are you satisfied that your current workflows and processes are efficient?
Do they effectively help reduce operational risk?
Contact us today and let us help you get ahead of the competition in the GB power market.
Discover Brady’s full suite of energy solutions
If you found this check list helpful, read our more detailed guide
‘Short-term power trading in GB – How to enter the market’
