Electricity Markets

EPRA provides analytical analysis, research, and training services on electricity markets. EPRA has conducted several projects on electricity markets over last 10 years delivering modeling, simulation, analysis services. We have experts on-hand with an excellent grasp of your priorities, challenges, and customers. The activities include, but not limited to:

  • Electricity market modeling and simulations
  • Unit Commitment and Economic Dispatch analysis
  • Electricity market price forecasting
  • LMP (Locational Marginal Pricing) based Unit Commitment and Economic Dispatch analysis
  • Market and network simulations for PX markets
  • Merit Order-based day ahead market modeling and simulations
  • Congestion management simulations and optimization
  • Design, modeling and simulations of ancillary services
  • Design, modeling and simulations of tariff mechanisms for ancillary services
  • Design, modeling and simulation services for demand management mechanisms
  • Deterministic and stochastic electricity market simulations

Electricity Markets | Solutions

EPRA’s Modelling & Analysis solutions are designed to help businesses in the power sector to maximize the value of their data.

Data Collection: Our team of experts has the experience and know-how to collect and curate large amounts of data from a variety of sources, ensuring that it is accurate and up-to-date.

Data Curation: Once the data has been collected, our team uses advanced techniques such as clustering, linking and forecasting, and modelling to curate it and prepare it for analysis. This process helps to ensure that the data is relevant, consistent, and of high quality.

Analysis: Our team of data analysts then use a range of tools and techniques to perform in-depth analysis on the curated data. This includes statistical analysis, machine learning algorithms, probabilistic analysis, and predictive modelling, all aimed at uncovering insights that can inform business decisions and drive growth. Additionally, our team also performs risk management analysis to help businesses mitigate potential risks and make data-driven decisions with confidence.

Visualization: To help clients understand their data and make informed decisions, we use advanced Visualization tools to represent the data in a way that is easy to understand. This includes reporting, representation, geographical, and interactive/real-time visualization, which enables clients to quickly and easily see trends and patterns in their data.

Data Strategy: Our Data Strategy services are designed to help businesses in the power sector to maximize the value of their data assets. This includes advising on data governance, data architecture, and data integration, as well as helping to establish data-driven decision-making processes. Our team works with clients to develop a future state vision and roadmap that outlines the steps needed to achieve their data-related goals. This includes identifying key initiatives, establishing priorities, and mapping out a clear path forward. With EPRA’s Data Strategy services, power sector businesses can make the most of their data assets and drive growth, efficiency, and success.

Data Management: Effective Data Management is essential for ensuring that data is secure and organized. Our team provides a range of data management solutions, including data warehousing, data backup, and data security.

With EPRA’s Analytic solution, businesses in the power sector can turn their data into a valuable asset, driving growth, improving decision-making, and increasing efficiency.


EPRA’s R&D solutions are designed to draw the future of power systems and associated roadmap through data-driven insights.

Optimization: Our team of experts uses advanced optimization techniques to help clients identify the best possible outcomes for their operations. This includes using mathematical models and algorithms to find the optimal solution for a given set of constraints, with the goal of improving efficiency and maximizing performance.

Data Science: Our Data Science team uses cutting-edge techniques and tools to perform data-driven research and analysis. This includes machine learning, statistical analysis, and predictive modelling, all aimed at uncovering insights and driving innovation in the power sector.

Prospective Studies: Our Prospective Studies service provides a forward-looking perspective on key trends and issues in the power sector. This includes analyzing emerging technologies, forecasting future market trends, and identifying potential opportunities and challenges.

Operational Studies: Our Operational Studies service provides power system role players with an in-depth analysis of their operations, including identifying areas for improvement and developing recommendations for optimization. This service helps power sector role players to better understand their operations and make data-driven decisions that drive growth and efficiency.

EPRA’s Training solutions provide businesses in the power sector with the knowledge and skills they need to succeed in today’s fast-paced, data-driven world.

DIgSILENT PowerFactory: Our training on DIgSILENT PowerFactory is designed for professionals looking to master this powerful software for electrical power systems analysis and simulation. Our experienced trainers will guide attendees through the software’s features and functions, providing hands-on training and practical examples to ensure they leave with a solid understanding of how to use PowerFactory in their daily work.

Power Systems – Basic: Our Power Systems – Basic training course provides attendees with a foundational understanding of power systems and how they work. This course covers key concepts such as electrical power generation, transmission, and distribution, and provides hands-on training on the basics of electrical power systems analysis.

Power Systems – Advance: Our Power Systems – Advanced training course is designed for professionals looking to take their knowledge of power systems to the next level. This course covers advanced topics such as power system stability, protection, and control, and provides hands-on training on advanced power systems analysis techniques.

Smart Grids: Our Smart Grids training course provides attendees with an understanding of this rapidly evolving technology and its role in the future of the power sector. This course covers key concepts such as the benefits of smart grids, the challenges they face, and how they are being implemented in practice.

With EPRA’s Training solution, businesses in the power sector can ensure their employees have the knowledge and skills they need to succeed in today’s fast-paced, data-driven world.

EPRA’s Software & Algorithm solution provides cutting-edge software solutions and algorithms for businesses in the power sector.

Representatives: Our team of software representatives provides expert support for a range of industry-leading software solutions, including DIgSILENT PowerFactory and OPAL-RT. Our representatives have in-depth knowledge of these software solutions and can provide tailored support and advice to help businesses make the most of their software investments.

Development: Our team of software developers provides custom software development services to help businesses in the power sector meet their unique needs and requirements. This includes developing custom algorithms and tools to help businesses improve efficiency and drive innovation in their operations.

Web-Services: EPRA offers web-based services to support businesses in the power sector. Our Market and Network Simulation tool provides real-time simulation of market dynamics and network behavior, allowing businesses to test and validate their strategies and make informed decisions. The Optimum PV Location and Reactive Power Support (HASAT) platform provides advanced analysis and optimization of photovoltaic systems, helping businesses to find the best possible location for their installations and optimize their operations.

With EPRA’s Software and Algorithm solution, businesses in the power sector can benefit from access to cutting-edge software solutions and algorithms, tailored to their specific needs and requirements. This helps to improve efficiency, drive innovation, and support the growth and success of businesses in the power sector.

• Electricity markets (PX and LMP based) modeling and analysis
• Market and network modelling & simulation
• Redispach and curtailment modeling and analysis
• Congestion nanagement modeling and analysis
• Economic viability analysis
• Grid flexibility options modeling and analysis (storage, demand-response)
• Ancillary service modelling and analysis
• Market Clearing Price (MCP) forecasting algorithms
• Locational Marginal Price forecasting (LMP) algorithms
• Redispach and curtailment modeling algorithms
• Congestion nanagement modeling algorithms
• Decarbonization of electricity grids and CO2 emissions calculation algorithms
• Fundamentals of market design in power systems
• Market clearing concepşts in power markets
• PX markets
• LMP based markets
• Ancillary service markets
• Tariff designs

Highlighted Projects | Electricity Markets

Highlighted Publications | Electricity Markets

Electricity restructuring in turkey: promises and predicaments
Authors: Tor, O. B.
Year: 2005
Published on: IEEE Power and Energy Magazine 3, no. 3 (2005): 25-29.
Probabilistic day-ahead system marginal price forecasting with ANN for the Turkish electricity market
Authors: Özgüner, Erdem, Osman Bülent Tör, and Ali Nezih Güven.
Year: 2017
Published on: Turkish Journal of Electrical Engineering and Computer Sciences 25, no. 6 (2017): 4923-4935.
Consecutive market and network simulations to optimize investment and operational decisions under different RES penetration scenarios
Authors: Cebeci, Mahmut Erkut, Osman Bulent Tor, Simona Vasilica Oprea, and Adela Bara.
Year: 2018
Published on: IEEE Transactions on Sustainable Energy 10, no. 4 (2018): 2152-2162.