Daily reference price
The daily reference price is the price that is published on the respective supply day at the EEX website in €/MWh including weekends and holidays for the defined reference market area for the daily spot business. Contrary to the settlement price, the price is based on a volume-weighted mean value of the prices across all trading transactions of the last trading day before the physical fulfilment.
Data clearing refers to the retroactive reconciliation and, if necessary, correction of entry and exit data between the market area manager, exit network operator and balancing group manager.
In day-ahead trading, power and gas quantities are traded one day ahead of their actual supply and payment (based on the latest consumption forecasts).