The liberalised electricity market is a dynamic environment. Communication and electricity trading are just as important as the electricity itself. Generators and suppliers are in constant contact with each other to buy and sell electricity. FLEXMARKET offers participants the ability to take on different roles and trading strategies through different settlements in a liberalized electricity market.
FLEXMARKET is an electricity trading simulation consisting of a game board plus optimisation software. On the game board, an electricity market is built up from a basic portfolio position, complete with generation and demand units and a defined set of regulations. Generators build up their own generation portfolio conditioned by grid capacity and weather conditions in the different regions. Suppliers must buy electricity to serve their client portfolio whilst accounting for renewable targets. Interaction between generators and suppliers provides insight and fun and stimulates the development and execution of trading strategies in response to changing market situations. Throughout the game, you are supported by experienced consultants who guide you through the rules of the simulation, the learning process and the analysis of how participants behave when executing their strategies.
On request, Energy Academy can provide this simulation as a customised session (in English, German or Spanish). Location, duration and objectives can be adapted to your wishes. Please contact us for more information.Results:
- Get a better insight into the impact of variable renewables on your contract position and trading strategies
- Learn how to navigate through the different electricity markets effectively (forward, day-ahead, intra-day and balancing markets)
- Understand the opportunities and challenges of handling uncertainties in generation and demand
Industry managers and governmental staff. Moreover, the simulation is ideal for learning and understanding about electricity trading under different market models.
