German Short Term

This simulation models a merchant combined cycle plant operating in the GB power and gas markets.

Preparation and submission of day-ahead bids

Intraday power plant optimisation

Balancing of schedule deviations

Response to ramping up/down as well as to technical restrictions

Profit maximisation through power plant optimisation and speculative trading

Course Overview

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Simulator Explained

The computer-based simulation game short-term simulates the use of a gas and steam power plant on the wholesale market. Marketing is carried out in day-ahead auctions and on the intraday market. Power plant resource scheduling takes place at the same time and must take into consideration start-up costs as well as technical restrictions of the power plant.

Participants learn strategies and mechanisms of short-term trading and learn how to make decisions under time pressure. They also learn how to adjust their trading actions to unexpected events on the market, as well as how to assess the offers of external market participants.

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