A Speculative Trading Model of Electricity Market

The valiability of renewable energies is a major disadvantage because there is a characteristic that power supply must always be consistent with demand. In order to disseminate renewable energy in the power market, a mechanism to cope with this instability is indispensable. The unstable supply of renewable energy indicates that the cost for adjusting supply and demand will increase. It is necessary to be able to trade electricity until just before generated.