Main Risks and Mitigation Measures on the Current Structure of Electricity Market

Preotescu Dan, Oprea Simona-Vasilica, Bara Adela, Bologa Ana Ramona, Preda Ștefan and Tor Osman Bulent
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Preotescu Dan: Romanian Energy Center, Bucharest, Romania
Oprea Simona-Vasilica: Bucharest University of Economic Studies, Bucharest, Romania
Bara Adela: Bucharest University of Economic Studies, Bucharest, Romania
Bologa Ana Ramona: 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, 5-12

Abstract: In the economic context created by the acceleration of global warming and globalization phenomena the operation of the power systems becomes more and more intricate and challenging, leading to an electricity market more complex and risky. The decisional process must be faster and the financial consequences may be very significant, thus a risk analysis is the most appropriate tool to identify the best set of decisions. In this paper, we propose the SMARTRADE software platform designed as a market simulator for the participants (mainly producers and suppliers or retailers) on the electricity market. A brief description of the facilities and options provided by the market simulator from the risks perspectives persuades the reader to go deeper into knowledge of this software.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2020:p:5-12

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