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Software Platform for an Electricity Market Trading Simulator

Author

Listed:
  • Oprea Simona-Vasilica

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Preotescu Dan

    (Romanian Energy Center, Bucharest, Romania)

  • Bara Adela

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Preda Ștefan

    (Bucharest University of Economic Studies, Bucharest, Romania)

  • Tor Osman Bulent

    (Bucharest University of Economic Studies, Bucharest, Romania; EPRA - Engineering Procurement Research Analysis, Turkey)

Abstract

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.

Suggested Citation

  • Oprea Simona-Vasilica & Preotescu Dan & Bara Adela & Preda Ștefan & Tor Osman Bulent, 2020. "Software Platform for an Electricity Market Trading Simulator," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 22-34.
    • Handle: RePEc:ddj:fserec:y:2020:p:22-34
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    References listed on IDEAS

    as
    1. Simoglou, Christos K. & Biskas, Pandelis N. & Vagropoulos, Stylianos I. & Bakirtzis, Anastasios G., 2014. "Electricity market models and RES integration: The Greek case," Energy Policy, Elsevier, vol. 67(C), pages 531-542.
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