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Repository for the Open Energy Ontology (OEO)
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New concepts for trader and markets and preliminary definitions #377

Closed litotes18 closed 3 years ago

litotes18 commented 4 years ago

Description of the issue

Here are some new concepts for trader and markets and preliminary definitions.

Ideas of solution

Markup: A markup is added to the total cost incurred by the producer of a good or service (here electricity producers) in order to cover the costs and/or create a profit. Serves to distinguish power plants in our models. Conventional trader: Traders are individuals who engage in buying and selling of goods, commodities etc. for themselves or an institution. Conventional traders are restricted to conventional plants. Demand trader: a fictitious synthesis for all demand in a particular country during a time period. Direct marketer: is the party between power plant owners or portfolio holders and the energy exchange. They facilitate the buying and selling of electricity. Message: Discrete unit of communication. Signal: anything that indicates that a communication should be started Channel: construct to bundle similar messages Product: thing made available for consumer use; it is anything that can be offered to a market Portfolio: a portfolio is a collection of power plants held by a portfolio holder, company, institution or individual. Merit order: The merit order is a way of ranking available sources of energy, especially electrical generation, based on ascending order of price (which may reflect the order of their short-run marginal costs of production) together with amount of energy that will be generated.

Workflow checklist

I am aware that

sfluegel05 commented 4 years ago

From oeo-dev-meeting 8.2: Definition for trader (taken from fibo, adapted): An agent that engages in the transfer of financial assets in any financial market on behalf of a client or the financial services provider parent class: oeo:policy fibo-equivalent: fibo-fbc-pas-fpas:Trader

in fibo, market is a synonym for exchange, see #341