Market Simulation and Price Forecasting

Market price forecasting is equally important, in order to account for the uncertainty in market dynamics (including demand, generation availability and participants’ bidding strategies) and its impact on the expected profit.

Our system engineers have developed fully-fledged, optimization-based market clearing tools, incorporating the full functionalities of the current and the forthcoming restructured electricity market in Greece. Our models take into consideration the explicit market and technical constraints in each separate market segment (day-ahead, intraday, balancing) and, along with our extensive knowledge of the Greek electricity market structure and dynamics, enable us to effectively predict the market clearing outcomes.