Electricity markets are systems in which electricity is bought and sold among producers, distributors, and consumers. These markets play a crucial role in determining the price of electricity and allocating resources efficiently. They involve various participants, including generators, retailers, traders, and regulators, who interact through mechanisms such as auctions, bilateral contracts, and spot markets. Research in electricity markets focuses on understanding how these markets function, how to improve their efficiency and reliability, and how to promote the integration of renewable energy sources. This research often involves studying market design, pricing mechanisms, risk management, market power, and regulatory frameworks. Additionally, researchers explore the impact of technological advancements, policy changes, and market trends on electricity markets.Overall, the goal of this research is to ensure that electricity markets are competitive, sustainable, and able to meet the evolving needs of the industry and society.