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

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.