All Reports
2Q 2023

Power Trading Platforms Market

Technology Description, Segmentation, Market Drivers and Barriers, Vendor Landscape, and Growth Forecasts through 2032

Power trading platforms are software applications, architectures, or tools that facilitate the purchase or sale of electric power (and/or related electricity services)—either through bilateral contracts for the purchase or sale of physical electricity facilitated through an open, competitive power exchange or through bidding into an open, competitive power auction. Some are a subset of broader energy trading risk management systems that help organize and optimize the purchase and sale of energy-based commodities, from refined petroleum products to bulk electric power. Others are standalone products with discrete functions, like providing electronic access to a particular power exchange or supplying traders with enhanced situational awareness by organizing incoming data streams, making it easier to make split-second purchasing or selling decisions.

A prerequisite to demand for power trading platforms is the existence of a functioning, competitive market in which to trade power. Consequently, the single greatest driver of the market for power trading platforms is whether a country or market has liberalized the production, transmission, and distribution of electricity and opened these sectors to free competition. The integration of larger amounts of intermittent wind and solar resources has also increased the pace and complexity of power purchasing, inducing demand for trading platforms that synthesize and organize data streams, provide greater situational awareness to market players, and speed or even automate market transactions.

This Guidehouse Insights report summarizes the functions of power trading platforms and segments the market by platform capabilities and the types of power markets in which the platforms are intended to operate. After analyzing the major issues driving and impeding the growth of this market, the report examines the current vendor landscape, provides growth forecasts for several regional power trading platforms markets, and evaluates potential new markets opening in Asia Pacific, Latin America, and the Middle East & Africa. The conclusion includes recommendations for software providers, platform vendors, traders, and policymakers to advance public policy, make more strategic investments, and optimize returns in this market.

Pages 68
Tables | Charts | Figures 66
  • What are power trading platforms and how do they function?
  • What are the major drivers and barriers of growth in power trading platforms markets?
  • What regions or countries are most likely to contribute to future demand for power trading platforms?
  • How is the pace of power market liberalization related to the growth of power trading platforms markets?
  • What are the most promising regions for new power trading platforms markets to arise?
  • How can software providers, platform vendors, and power market traders best capitalize on projected growth in regional power trading platforms markets over the next decade?
  • Power trading platform vendors
  • Other power trading software providers
  • Bulk power traders
  • Prosumers and new market entrants
  • Power trading brokers
  • Energy and transmission system regulators
  • Government agents in emerging economies

1. Executive Summary

1.1    Market Overview

2. Market Issues

2.1    Power Trading Platforms Market Overview

2.1.1   Description of Power Trading Platforms

2.1.2   Platform Architecture

2.1.2.1    Facilitating Transactions

2.1.2.2    Informing Trading Decisions

2.1.2.3   Ensuring Timely Delivery

2.2    Market Segments Defined

2.2.1   Intended Trading Market

2.2.1.1    Day-Ahead/OTC Market Platforms

2.2.1.2    Intraday/Real-Time Market Platforms

2.2.2   Trading Platform Capabilities

2.2.2.1    Trader-Enabled Platforms

2.2.2.2    Automated/Algorithmic Platforms

2.3    Market Drivers & Barriers

2.3.1   Market Liberalization

2.3.2   Integration of Variable Renewable Generation

2.3.2.1    Cost Reductions for PV- and Wind-Derived Power

2.3.2.2    Development of Intraday/Real-Time Markets

2.3.2.3    Arbitrage Opportunities and Speculative Trading

2.3.3   Growing Complexity

2.3.3.1    Adoption of Automated and Algorithmic Trading

2.3.3.2    Advances in Machine Learning and AI-Driven Trading Algorithms

3. Vendor Lanscape

3.1    Platform Vendors Are Actively Pursuing Collaborations

3.1.1   Vendor Collaborations Grow in Number and Scope

3.1.2   Vendor Collaborations Speed Innovation and Drive Growth

4. Market Forecasts

4.1    Methodology

4.2    Market Forecast Overview

4.3    Regional Market Forecasts

4.3.1   North America

4.3.1.1    United States

      4.3.1.1.1   Market Liberalization Differs by Region and Even by State

      4.3.1.1.2   FERC Order 2222 Opens Wholesale Markets to Aggregated DER and DR Resources

4.3.1.2    Canada

      4.3.1.2.1   Limited Deregulation Is Unlikely to Drive Substantial Demand

4.3.2   Europe

4.3.2.1    European Energy Crisis

4.3.2.2    Pan-European Intraday Exchange

4.3.3   Asia Pacific

4.3.3.1    China

      4.3.3.1.1   New Southern Regional Power Market

      4.3.3.1.2   Expanded Time-of-Use Rates

      4.3.3.1.3   New Green Power Trading Opened to Foreign Investors

4.3.3.2    India

      4.3.3.2.1   Reduced Dependence on Long-Term Power Purchase Agreements

4.3.3.3    Japan

4.3.3.4   Australia

4.3.4   Latin America (Chile)

4.3.4.1    Chile

      4.3.4.1.1   Currency Devaluation Threatens Price Supports

4.3.4.2   Mexico

      4.3.4.2.1   Attempts to Reverse Wholesale Market Deregulation Are Thwarted

      4.3.4.2.2   Growing Energy Nationalism Likely to Spook Foreign Investors and Power Traders

4.3.4.3    Argentina

4.3.4.4   Brazil

4.3.4.5   Colombia

      4.3.3.2.1   New Clean Energy Roadmap Could Speed Market Liberalization

4.3.5   Middle East & Africa

4.3.5.1    Gulf Cooperation Council

      4.3.5.1.1   Oman

      4.3.5.1.2   Saudi Arabia

      4.3.5.1.3   Liberalization Is Unlikely, Despite Signals

5. Conclusions and Recommendations

5.1    Growth in the Power Trading Platforms Market Will be Limited to Certain Regions

5.2    Recommendations

5.2.1   Power Trading Platform Vendors and OEMs Should Seek Collaborations with Other Vendors and Established ETRM Providers

5.2.2   Vendors and OEMs Should Develop Automated/Algorithmic Trading and Other Services Tailored to Intraday/Real-Time Trading

5.2.3   Software Providers and Platform Vendors Should Capitalize on the Growing Complexity of Bulk Power Trading

5.2.4   Vendors and Software Providers Should Simplify Trading Functions for New Market Players

5.2.5   Owners of Renewable Energy Assets and Other DER Should Partner with Platform Vendors and Software Developers

5.2.6   Traders and Vendors Should Be Early Entrants in Some Emerging Markets while Avoiding Others

6. Acronym and Abbreviation List

7. Table of Contents

8. Table of Charts and Figures

9. Scope of Study

10. Sources, Methodology & Notes

  • Power Trading Platforms Market Share by Market Type, Qualified World Markets: 2022
  • Power Trading Platforms Market Share by Trading Capabilities, Qualified World Markets: 2022
  • Power Trading Platforms Market Share by Market Type and Trading Capabilities, Qualified World Markets: 2022
  • Power Trading Volumes by Region, Qualified World Markets: 2023-2032
  • Power Trading Platform Revenue by Region, Qualified World Markets: 2023-2032
  • Power Trading Platform Revenue by Region, Qualified World Markets, with Speculative Additions from Chinese Markets: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, North America: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Asia-Pacific: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Latin America (Chile): 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, World Markets: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, World Markets: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, North America: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, North America: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Europe: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Asia-Pacific: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Asia-Pacific: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Latin America (Chile): 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Latin America (Chile): 2023-2032
  • Power Trading Volumes by Region, Intraday/Real-Time Markets, World Markets: 2023-2032
  • Power Trading Platform Revenue by Region, Intraday/Real-Time Markets, World Markets: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, North America: 2023-2032
  • Power Trading Volumes, Intraday/Real-Time Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, Asia-Pacific: 2023-2032
  • Power Trading Platforms Market Share by Market Type, Qualified World Markets: 2022
  • ower Trading Platforms Market Share by Trading Capabilities, Qualified World Markets: 2022
  • Power Trading Volumes by Region, Qualified World Markets: 2023-2032
  • Power Trading Platform Revenue by Region, Qualified World Markets:2023-2032
  • Power Trading Platform Revenue, Qualified Markets, North America:2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Asia Pacific: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, Asia Pacific: 2023-2032
  • Power Generation Mix in Chile: 2020
  • Simplified Process Flow for Power Trading Platforms Market Transactions
  • Example of a Typical Power Trading Platform User Interface Dashboard
  • Growth in Electricity Derivatives Trading Volumes, Sydney Futures Exchange: 2002-2009
  • Power Trading Platforms Market Share by Market Type, Trading Capabilities, and Both, Qualified World Markets: 2022
  • Power Trading Platforms Market Share by Market Type, Qualified World Markets: 2022
  • Power Trading Platforms Market Share by Trading Capabilities, Qualified World Markets: 2022
  • Power Trading Platforms Market Share by Market Type and Trading Capabilities, Qualified World Markets: 2022
  • Power Trading Volumes by Region, Qualified World Markets: 2023-2032
  • Power Trading Platform Revenue by Region, Qualified World Markets: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, North America: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Asia-Pacific: 2023-2032
  • Power Trading Platform Revenue, Qualified Markets, Latin America (Chile): 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, World Markets: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, North America: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Europe: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Asia-Pacific: 2023-2032
  • Power Trading Volumes, Day-Ahead/OTC Markets, Latin America (Chile): 2023-2032
  • Power Trading Platform Revenue by Region, Day-Ahead/OTC Markets, World Markets: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, North America: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Asia-Pacific: 2023-2032
  • Power Trading Platform Revenue, Day-Ahead/OTC Markets, Latin America (Chile): 2023-2032
  • Power Trading Volumes by Region, Intraday/Real-Time Markets, World Markets: 2023-2032
  • Power Trading Volumes, Intraday/Real-Time Markets, North America: 2023-2032
  • Power Trading Volumes, Intraday/Real-Time Markets, Europe: 2023-2032
  • Power Trading Volumes, Intraday/Real-Time Markets, Asia-Pacific: 2023-2032
  • Power Trading Platform Revenue by Region, Intraday/Real-Time Markets, World Markets: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, North America: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, Europe: 2023-2032
  • Power Trading Platform Revenue, Intraday/Real-Time Markets, Asia-Pacific, 2023-2032
  • Power Trading Platform Revenue Growth and Growth Rate Projections by Region, World Markets: 2023-2032
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