Software Platform for an Electricity Market Trading Simulator

Oprea Simona-Vasilica, Preotescu Dan, Bara Adela, Preda Ștefan and Tor Osman Bulent
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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

Risk in Contemporary Economy, 2020, 22-34

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.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2020:p:22-34

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