Grid State
Balanced
Slight
Caution
Stress
Imbalance
Long PnL
How PnL is computed. Each quarter-hour a 10 MW long earns
(imbalance − day‑ahead) × 10 MW × 0.25 h; the curve is the running sum across the window. France uses its positive (long) imbalance price. % profitable is the share of quarter-hours with a positive spread; avg spread is the mean captured €/MWh.