GB CCGT Simulation in GB's BETTA Energy Market

This simulation models a merchant combined cycle plant operating in the GB BETTA Energy Market.

DAY-AHEAD AUCTION

In each scenario, participants get the opportunity to make bids and offers for power in the day-ahead auction in the BETTA Energy Market, taking account of the physical parameters of the CCGT plant and forward traded positions for power and gas.

WITHIN-DAY MARKET

Participants’ auction results are added to their traded position. They proceed to trade individual half- hourly periods, as well as balancing gas and carbon in the BETTA Energy Market..

BALANCING MECHANISM

A simplified representation of the BETTA Energy Market Balancing Mechanism allows participants to offer the inherent flexibility of the CCGT to the system operator. Accepted bids and offers provide significant financial rewards against relatively small volumes of traded power.

FINANCIAL RESULTS

The simulation calculates the full and detailed financial results of participants’ activities. This includes the costs and revenues generated from power, gas and carbon trading, activity in the Balancing Mechanism and the results of any imbalances between traded and physical positions

Course Overview

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Simulation Explained

Users of the CCGT Simulation gain the necessary understanding of the technical and commercial parameters of a CCGT and the BETTA Energy Market background.  The operation of the simulator and the simplifications compared to the real market are fully explained.

The GB CCGT power market simulation course allows participants to put into practice what they have learned immediately, in a ‘safe’ environment. Buying and selling power through the simulator to take or close positions gives them a ‘hands-on’ feel for the operation of the market and some of its risks, such as price discontinuities and lack of liquidity. Running the simulation shows participants what the market is like in practice, with time-limited decisions needing to be made against a background of incomplete information.

Combined Cycle Gas Turbine (CCGT)

Manage Risk
Profit
Trading
Trading Portfolio
Market Portfolio
GB Energy Market
Betta Energy Market
Hedging
Optimisation

CCGT

EPEX

Elexon

Short Term Market

continuous Market

 

Upcoming Training Events

Dec
12
Thu
all-day GB BETTA CCGT Simulation @ LONDON Hotel
GB BETTA CCGT Simulation @ LONDON Hotel
Dec 12 all-day
GB BETTA CCGT Simulation Course   Learn about the complexities of the BETTA Energy Trading Market using our interactive hands-on[...]
GB Energy Trading Simulations

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