Management and review of the enhancement, development, regular back-testing, and

calibration of all relevant market models for both existing and new markets.

● Management and review of regularly updated short (one year), medium-term (five years), and

long-term market outlook with the corresponding market price forecast through in-depth

understanding and extensive analysis considering updates on generator participants’ relevant

operational constraints. This shall cover significant drivers including but not limited to

structural and regulatory changes, power consumption behavior, fuel costs, hydrological

conditions, and the portfolio of participants with consideration of the development of existing

and new technologies, particularly on costs and technological advancements. Furthermore,

this shall include sensitivity analyses on spot market prices and any financial decision support

tools as deemed necessary with possible recom...