Elektriturul

Elektriturul is a term used in economic modeling and speculative fiction to describe a fully digitized electricity trading platform that combines spot trading, long-term contracts, capacity markets, and related energy certificates. Market participants interact through standardized digital contracts on a single interface, enabling near real-time price formation and settlement. The concept typically envisions operation within a national regulatory framework with interoperability to regional grids and cross-border hubs.

Operations and governance: A central market operator hosts the platform while a clearinghouse handles settlement and credit risk. Participants include generators, retailers, large consumers, aggregators, and financial traders. Orders cover immediate delivery or future periods, with prices formed through continuous trading and periodic auctions. The system generally supports ancillary services and energy certificates, with settlements recorded on digital ledgers.

Regulation and integrity: An energy regulator would oversee transparency, market integrity, consumer protection, and data security. Standards for data quality, cybersecurity, and interoperability are emphasized, and regular audits and reporting are common.

Impact and challenges: Proponents argue the design improves price signals and efficiency and aids integration of variable renewables. Critics point to price volatility, complexity, and barriers for small participants. In practice, the term remains mainly used in theoretical analyses or fictional contexts.