Market coverage

Built for China, designed to travel

ElecSim ships with China’s centralized market model. Because the grid, participant and data models are market-agnostic, adding another market means adding a rule set — not rebuilding the simulator.

An industrial power and process plant with stacks and pipework
Wind turbines on green rolling hills under cloud
Rows of photovoltaic panels under a blue sky
Available now

China’s centralized power market

China’s spot market pilots use a centralized, security-constrained design in which the system operator optimises the whole market at once. ElecSim models that design natively, and layers the medium- and long-term market on top of it rather than treating the two as separate products.

  • Province-level and regional market scope
  • Medium- and long-term contracts fully coupled to the spot market
  • Centralized, security-constrained clearing
  • Renewable consumption weighting and deviation assessment
  • Demand-side and virtual power plant participation
  • Peak-valley pricing and ancillary service mechanisms
  • 9 Participant types
  • 7 Trading products
  • 15 min Closest clearing interval

Roadmap

Four more markets in the pipeline

Each market below is modelled as a rule set on top of the same simulation core. They are on our product roadmap, and any of them can also be commissioned today as a custom engagement — tell us which one you need first.

01

United States

ISO and RTO market designs

In design

PJM, CAISO and ERCOT style designs, where prices are formed at each node and bilateral trading sits alongside the organized markets.

  • Locational marginal pricing
  • Bilateral and over-the-counter contracts
  • Capacity market obligations
  • Ancillary service markets

Release to be confirmed · can be commissioned now

02

Australia

National Electricity Market

In design

An energy-only spot market with five-minute dispatch intervals and FCAS ancillary services, plus the retail contract layer that sits on top of it.

  • Five-minute dispatch interval
  • Energy-only spot market
  • FCAS ancillary services
  • Retail contract layer

Release to be confirmed · can be commissioned now

03

Europe

Coupled day-ahead and intraday markets

Planned

EPEX SPOT and Nord Pool style market coupling: day-ahead auctions, continuous intraday trading and cross-border capacity allocation.

  • Day-ahead auction coupling
  • Continuous intraday trading
  • Cross-border capacity allocation
  • Bilateral OTC and power purchase agreements

Release to be confirmed · can be commissioned now

04

Japan

JEPX and the capacity market

Planned

Day-ahead and intraday spot markets, baseload and supply-demand adjustment products, and the capacity market mechanism.

  • Day-ahead spot market
  • Intraday and baseload products
  • Supply-demand adjustment
  • Capacity market

Release to be confirmed · can be commissioned now

Architecture

Same simulator, different rule book

Adding a market to ElecSim is a configuration exercise rather than a rewrite, because the simulation core is deliberately market-independent.

  1. Shared core

    Grid topology, participant models, the order book, the settlement ledger and the training platform are the same in every market.

  2. Market plug-in

    Each market contributes its own clearing algorithm, pricing method, product set, rule set and trading calendar.

  3. Your scenario

    Your topology, participant mix and rules sit on top, so the same lesson can be taught under two different market designs.

Need a market that is not on this list?

If you are working on a market design we have not covered, tell us about it. The rule engine is built to be extended, and we would rather hear which market matters to you than guess.