Issued: 2016-05-10
The Seas Market Ontology for the ITEA SEAS (Smart Energy Aware Systems) project.
Label: AncilliaryServices
IRI: https://w3id.org/seas/AncilliaryServices
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.
sub class of: Service
Label: Balancing
IRI: https://w3id.org/seas/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.
Label: BasePrice
IRI: https://w3id.org/seas/BasePrice
Typically fixed base price that can be added components such as tax, incentive etc…
Label: Bid
IRI: https://w3id.org/seas/Bid
The data related to buying activity. This can become quite complex and depends on market. TBD modelled as state of contract.
Label: Buying
IRI: https://w3id.org/seas/Buying
Buying at market price.
Label: CapacityMarket
IRI: https://w3id.org/seas/CapacityMarket
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.
Label: Clearing
IRI: https://w3id.org/seas/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
Label: Commodity
IRI: https://w3id.org/seas/Commodity
A commodity is a substantially fungible marketable entity.
Label: Contract
IRI: https://w3id.org/seas/Contract
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.
Label: Currency
IRI: https://w3id.org/seas/Currency
Currency is a system of money (monetary units) in common use.
Label: CurrencyPerKwh
IRI: https://w3id.org/seas/CurrencyPerKwh
Currency per kwh.
Label: CurrencyUnit
IRI: https://w3id.org/seas/CurrencyUnit
A monetary units in common use, the names and codes are defined in ISO 4217.
Label: DayAheadMarket
IRI: https://w3id.org/seas/DayAheadMarket
The day-ahead market is an auction where power is traded for delivery during the next day.
Label: Flexibility
IRI: https://w3id.org/seas/Flexibility
Description TBD
Label: Incentive
IRI: https://w3id.org/seas/Incentive
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.
Label: IntradayMarket
IRI: https://w3id.org/seas/IntradayMarket
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.
Label: LongTermMarket
IRI: https://w3id.org/seas/LongTermMarket
Description TBD
Label: Market
IRI: https://w3id.org/seas/Market
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.
Label: MarketActivity
IRI: https://w3id.org/seas/MarketActivity
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.
Label: MarketArtifact
IRI: https://w3id.org/seas/MarketArtifact
Data artifact related to markets
Label: Offer
IRI: https://w3id.org/seas/Offer
The data related to selling activity. This can become quite complex and depends on market. TBD modelled as state of contract.
Label: Price
IRI: https://w3id.org/seas/Price
Price of something (commodity) such as electricity market. May have price components defined with seas:hasPart relation.
Label: PriceComponent
IRI: https://w3id.org/seas/PriceComponent
Partial price component (tax etc…) that can be included in price evaluation with seas:contains relation.
Label: PricePerEnergy
IRI: https://w3id.org/seas/PricePerEnergy
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
Label: RetailMarket
IRI: https://w3id.org/seas/RetailMarket
Retail is the process of selling consumer goods and/or services to consumers.
Label: Selling
IRI: https://w3id.org/seas/Selling
Selling at market price.
Label: Incentive
IRI: https://w3id.org/seas/Tax
Amount of tax in price evaluated either as persentage or absolute currency.
Label: TaxRatio
IRI: https://w3id.org/seas/TaxRatio
Ratio of tax from price.
Label: Trading
IRI: https://w3id.org/seas/Trading
Trading at market price.
Label: Transaction
IRI: https://w3id.org/seas/Transaction
The exchange of something such as goods and services etc.
Label: WholesaleMarket
IRI: https://w3id.org/seas/WholesaleMarket
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.
sub class of: Market
Label: Euro
IRI:https://w3id.org/seas/Euro
Euro (sign: €; code: EUR) is the official currency of the eurozone.
Label: Percent
IRI:https://w3id.org/seas/Percent
Ratio expressed as percentage.