Software Platform for an Electricity Market Trading Simulator

• Main Authors: Oprea Simona-Vasilica, Preotescu Dan, Bara Adela, Preda Ștefan, Tor Osman Bulent
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2020-10-01
• Series: Risk in Contemporary Economy
• Online Access: http://www.rce.feaa.ugal.ro/images/stories/RCE2020/Oprea_Preotescu_Bara_Preda_Tor.pdf

Nowadays, it is exceedingly difficult for a market player to decide what the best combination of offers (prices/volumes) is, considering the multiple possibilities (electricity markets) available. The authors of this paper developed a simulator of the potential transactions on the main electricity markets, as a form of support for the identification of the optimal solution. The design of the simulator is based on the structure of the Romanian electricity market, recognized as representative for the European Union member states. The paper briefly presents the modules of the simulator, highlighting the required input data, recommendations, analysis capabilities, reporting, and editing facilities.