Informatics Solutions for Smart Trading on Wholesale Electricity Markets Containing RES Bidders

Abstract

This paper presents an informatics solution that aims to assist energy suppliers in setting up their bids on wholesale electricity markets. The solution is developed into a cloud computing platform as an online dashboard, including the following components: consumption optimization and forecasting, generation forecasting, advanced data analytics, and decision rules. These components require a complex data integration model that gathers data from different sources such as: smart meters and appliances, SCADA systems and wholesale electricity market.