The Seas Trading Ontology defines concepts and relations to describe ownership, trading, bilateral contracts and market licenses:
- players own systems and trade commodities, which have a price;
- bilateral electricity contracts are connections between electricity traders at which they exchange
electricity;
- electricity markets are connections between electricity traders at which they exchange electricity,
using a market license;
- electricity markets can be cleared, and balanced;
- evaluations can have a traded volume validity context @en