Interconnected European market simulation system
The establishment of the Interconnected European Electricity Market has introduced a new atmosphere of uncertainty that big companies like Endesa, Gas Natural Fenosa and EDP are addressing using the GEMS system for simulating energy trading operations. GEMS system optimises the management of over 500 GWh a day on the MIBEL market.
It is a system which reproduces the operation of the new EUPHEMIA matching algorithm and the coupling of the daily electricity markets at the European level.This allows the user to optimise their participation strategies in the daily market and in trading activities at the European level.
We provide solutions and services adapted to each participation profile in the spot and future markets:
Strategic Analysis Module
- It allows the contemplation of legislative changes, increases in interconnection capacities, internal bid strategies and those of the competition, etc.
- Offers intuitive scenario generation interfaces
- • It uses detailed historical data with the identification of MIBEL units, those published by OMIE 90 days after the matching of the daily market and public data for the rest of the European markets.
Daily Market Bid Module
- Allows external predictions to be entered associated with demand, renewable generation, interconnections, etc. in order to optimise the simulation of the matching process over the short term.
- Allows for dynamic scenario creation through the simulation of the behaviour of the competition, nuclear generation forecast, generation breakdown, etc.,
- Provides predictions of marginal prices over a weekly time frame.
- Performs simultaneous matching of coupled European markets
Trading Prediction Module
- Allows predictions to be made on marginal prices and energy volumes exchanged between the different European markets.
- Provides detailed studies of the operation of the European markets, bid types used, etc.
- Uses public data on results of the matching process of the European daily markets (aggregate curves, complex offers of blocks, ATC capacities and PTDFs, etc.).
It performs a simultaneous matching of the buy and sell bids for all coupled markets, showing the resulting marginal prices in each market.
It uses the maximisation of social welfare as its target function.
It processes all simple and complex bid types present on the Mibel, Epex Spot, Belpex, APX NL and APX Power UK markets.
It permits the use of a hybrid interconnections representation system, through the simultaneous use of ATC and network flow models.
It faithfully reproduces the energy exchanges at the different interconnections as well as market splitting situations.