Result description
This Web tool is constituted by two essential components, the model’s explanation area and the results visualization and exploration area, this tool offers a simplified approach. The former simplifies complex simulation models into easily understandable insights, making the often-intricate world of modeling accessible to all, regardless of their technical background. The results visualization and exploration area take an interactive step forward, converting data into accessible visuals. This interactive feature enables us to grasp how diverse market designs could function across different energy markets.
Addressing target audiences and expressing needs
- To raise awareness and possibly influence policy
- Collaboration
The Market Web Decision Tool goes beyond being a static repository of results; it’s an invitation to actively engage renewable-energy and electricity markets’ stakeholders, being policy-makers or RES investors. It’s a space to experiment with scenarios, tariffs and remuneration’s mechanisms, to evaluate variable RES-oriented design options, and to gain hands-on familiarity with potential market dynamics.
Transparency is at its core. We’re giving policy makers access to insights for informed decisions. And by involving market participants, we’re building a collaborative space for diverse perspectives.
In a nutshell, the TradeRES Market Web Decision Tool simplifies the complex models of electricity markets and encourages collaboration between market’s agents and RES investors; and policy makers and consumers. It’s a shared platform where expertise meets practicality. It’s a place to share ideas, a platform for working together, and a driver for positive change in the European energy transition.
- EU and Member State Policy-makers
- Research and Technology Organisations
- Academia/ Universities
Result submitted to Horizon Results Platform by
Bitunitor AS, Norway