SEAS-MarketOntology ontology v0.9 2016-05-26 2016-05-10 seas The Seas Market Ontology for the ITEA SEAS (Smart Energy Aware Systems) project. testing Ratio of tax from price. TaxRatio testing Quantity kind for energy price in currency per amount energy. Energy price value has a composite unit that consists of unit of currency and unit of energy PricePerEnergy testing Clearing In economics, market clearing is the process by which, in an economic market, the supply of whatever is traded is equated to the demand, so that there is no leftover supply or demand testing Retail is the process of selling consumer goods and/or services to consumers. RetailMarket testing Data artifact related to markets MarketArtifact testing The data related to selling activity. This can become quite complex and depends on market. TBD modelled as state of contract. Offer testing A monetary units in common use, the names and codes are defined in ISO 4217. CurrencyUnit testing A commodity is a substantially fungible marketable entity. Commodity testing Unitless numeric count. Count testing Buying at market price. Buying testing Description TBD LongTermMarket testing Contract related data, this can becomes quite complex. Now we assume it only to include the data needed to specify the contract not agreements behind it. Contract testing From Wikipedia: A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services (including labor) in exchange for money from buyers. It can be said that a market is the process by which the prices of goods and services are established. Markets facilitate trade and enables the distribution and allocation of resources in a society. Markets allow any trade-able item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods. Market testing Trading at market price. Trading testing Currency per kwh. CurrencyPerKwh testing The data related to buying activity. This can become quite complex and depends on market. TBD modelled as state of contract. Bid testing Dimensionless ratio. Ratio testing Amount of tax in price evaluated either as persentage or absolute currency. Incentive testing Price of something (commodity) such as electricity market. May have price components defined with seas:hasPart relation. Price testing The Intraday market offers the opportunity to continuously trade power products in hourly intervals as well as freely definably block orders up to 5 minutes prior to delivery. IntradayMarket testing Typically fixed base price that can be added components such as tax, incentive etc... BasePrice testing The day-ahead market is an auction where power is traded for delivery during the next day. DayAheadMarket testing Capacity markets provide an additional incentive for developers and owners of generating capacity (i.e. power plants or demand response providers) to make their capacity available to electric markets where price signals alone would not. Capacity providers are paid on a kilowatt per year basis for the capacity that a power plant can generate or, in the case of demand response, the capacity of power that can be reduced. CapacityMarket testing Wholesaling is the sale of goods or merchandise to retailers; to industrial, commercial, institutional, or other professional business users; or to other wholesalers and related subordinated services.In general, it is the sale of goods to anyone other than a standard consumer. WholesaleMarket testing Wikipedia: Ancillary services are the specialty services and functions provided by the electric grid that facilitate and support the continuous flow of electricity so that supply will continually meet demand. Entso-e: These include black start capability (the ability to restart a grid following a blackout); frequency response (to maintain system frequency with automatic and very fast responses); fast reserve (which can provide additional energy when needed); the provision of reactive power and various other services. AncilliaryServices testing Currency is a system of money (monetary units) in common use. Currency testing Description TBD Flexibility testing A market related action. There are different types of markets and mecahanisms how the price is set but at the moment those are not analysed further. MarketActivity testing An incentive is something that motivates an individual to perform an action. Here we concern mainly financial (price) incentives but the incentive could be also a commodity as return of activity. Incentive testing Selling at market price. Selling testing Partial price component (tax etc...) that can be included in price evaluation with seas:contains relation. PriceComponent testing The exchange of something such as goods and services etc. Transaction testing Balancing Entso-e: Balancing refers to the situation after markets have closed (gate closure) in which a Balance responsible party acts to ensure that demand is equal to supply, in and near real time. testing Declares being owned by isOwnedBy testing Dclarens ownership owns testing Euro (sign: €; code: EUR) is the official currency of the eurozone. Euro testing Ratio expressed as percentage. Percent