What is MODE?
Marketplace for Optimisation of Distributed Energy, MODE, is a next generation marketplace for network operators to procure flexibilities services for their grids.
Batteries, variable loads, solar assets and aggregators can bid to provide services in forward facing markets such as day ahead markets and intraday markets. MODE can also coordinate the dispatch of services as well as settlement to asset owners can be paid in near real time.
MODE is different to existing marketplaces as it allows for buyers and sellers to trade bilaterally without a market operator.
- Flexibilities market for DSOs and TSOs
- Forward facing market capabilities: week and day ahead, intraday
- Smart contracting functionality for auto bidding and optimised functions