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

Author

Listed:
  • 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)

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.

Suggested Citation

  • Preotescu Dan & Oprea Simona-Vasilica & Bara Adela & Bologa Ana Ramona & Preda Ștefan & Tor Osman Bulent, 2020. "Main Risks and Mitigation Measures on the Current Structure of Electricity Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 5-12.
    • Handle: RePEc:ddj:fserec:y:2020:p:5-12
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    References listed on IDEAS

    as
    1. Simona Vasilica Oprea & Ramona Ana Bologa & Anca Ioana Andreescu, 2019. "Design Functionalities for A Wholesale Electricity Market Simulator," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 334-344, December.
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