Abstract: A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.

Abstract: A process/method is provided for the next generation of electricity market systems that support competitive trading of electric energy and ancillary services within day-ahead and real-time market operation frameworks. The invention comprises the systems and methods related to advances in electricity market architecture, functionality, and performance. The systems and methods of the invention ensure system operation reliability and maximize market economic efficiency of energy and ancillary services trading in competitive market environment. A process/method comprising optimal clearing and competitive price formation for a variety of market commodities that are supplied and consumed by a numerous market entities of a variety of types. The solution process is arranged and facilitated in controllable and efficient manner.

Abstract: A computer program for automating energy trading between regional transmission organizations (RTOs) is disclosed. The computer program includes computer readable program code means for creating a template for an energy trade between two RTOs, wherein the template comprises a plurality of trade components, the plurality of trade components being arranged in sequential order according to an RTO's required order of execution; computer readable program code means for selecting a template for an energy trade between two RTOs; computer readable program code means for displaying a summary of a trade; and computer readable program code means for monitoring and displaying a trade's status.