Skip to main content Skip to Footer

CAPABILITY


Market Interface: Energy supply analytics application

Market Interface is the application for users involved in bidding on energy platforms.

Overview

The electricity market has two main objectives: promote, while remaining neutral, the transparency, objectivity and competitiveness of the activities of the electricity supply chain. It also has the objective of guaranteeing the management in economic terms of the distribution of services. 

The physical execution of bilateral contracts requires the registration of the contracts. On the forward electricity market, traders can register the forward transactions and then later, the relevant withdrawal and injection schedules that the traders undertake to perform. 

On the forward electricity market, every trader is assigned electricity withdrawal and injection accounts, according to the type of unit (production/consumption) and availability. Most transactions on the electricity market take place on the day-ahead market. Traders exchange energy blocks for the next day. The next market is the intra-day market. This market includes four sessions and traders modify the withdrawal schedules defined during the day-ahead market session. 

Market Interface is the application for users involved in bidding on energy platforms. In particular, this application concerns bidding on the forward electricity account trading platform, day-ahead market and bidding on the intra-day market. The module also supports the Trayport® API for the acquisition of data from TFS brokering platforms.

Specific Services

Market Interface is the application that supports the companies that operate in the electricity market in the management of market operations. In particular, the interface allows users to operate in real time in day-ahead, intra-day or ancillary services markets. The forward electricity account trading platform interface allows users to manage and automate the communication information flows of bilateral contracts with their commercial obligations and injection and withdrawal schedules.

This application allows the user to create schedules and transactions based on forecasting data, taking into account the consumption/production units, offers and transactions accepted or rejected on the other markets, and all the main constraints related to each platform and market. This application also provides a scheduled unbalancing forecast and allows the automatic download of price, zonal price and single national price data.

Key features

  • Management of data concerning: day-ahead market transaction, consumption/production units, OTC and forward contracts

  • Ability to aggregate data by: period, date, status, classification (sent, accepted, cancelled, rejected)

  • Creation of a day-ahead market plan based on the forecast data

  • Creation of an ancillary services market plan and evaluation of the operations: production unit input, offers on the day-ahead market, maximum availability plans

  • Platforms supported: day-ahead market, intra-day market and ancillary services market

  • Transactions performed according to Market Operator criteria: day-ahead market- intra-day, ancillary services, balancing market offer, functional acknowledgment, offer notification

  • XML format for transactions

Why Accenture

Resources applications are built within the scalable Accenture Insights Platform that provides fast and easy access to an array of industry and functional applications that bolt on to the platform, allowing quicker time to market and more rapid results for clients.

Clients also access our wide range of capabilities rooted in:

  • Industry knowledge. The validity of our advanced analytics outcomes is underpinned by our deep knowledge of the sector.

  • Business. Applications are designed for business users and focused on business results, minimizing advanced analytics complexity. Getting to accurate outcomes does not require statistical, mathematical or IT knowledge—just business know-how.

  • Flexibility. Applications are based on a framework that can be easily integrated in an enterprise operational environment to drive business process action.