Flexibility of the system

One advantage of the system amongst others is the flexibility and the extensibility which is based on the profound modularity of the system. Moreover, the functionality of the auction calculation core is built on a very abstract basis and is detached from any physical product as well. As a consequence, this leads to the potential for an implementation of auctions with products similar to those in the electricity sector, like CO2 emissions, etc., in an easy way.

As shown in the figure the system generates on-the-fly an optimisation model (code) according to the auction definition and its particular input data, like specific auction data, capacities, load-flow data (PTDFs), auctioned products and submitted bids. This model is calculated by high-quality third-party optimisation software and the results are submitted back to system for further processing.