Benchmark Trust Model

euroflex_bess_lab separates benchmark modes deliberately.

Oracle benchmarks

Oracle benchmarks use perfect foresight. They are useful as:

• an upper bound
• a regression target
• a way to measure the cost of imperfect information

They are not auditable trading workflows.

Examples:

• belgium.da_only.perfect_foresight.single_asset
• netherlands.da_plus_fcr.perfect_foresight.portfolio
• belgium.da_only.perfect_foresight.single_asset.baseline

As-of-safe workflows

As-of-safe workflows only use information visible at the decision timestamp.

Built-in auditable providers:

• persistence
• csv

These runs are the right baseline for forecast-aware public benchmarking.

Revision-aware workflows

schedule_revision stays auditable only when:

• the base workflow is itself auditable under the chosen provider
• checkpoints use only data visible at that checkpoint
• locked commitments remain locked

Revision benchmarks produce paired benchmark names:

• {market_id}.{base_workflow}.{provider_name}.{run_scope}.baseline
• {market_id}.{base_workflow}.{provider_name}.{run_scope}.revision

This separates:

• the original D-1 plan
• the revised expected plan
• the final realized outcome

Reserve-lite assumptions

Reserve-aware benchmarking in the current release line is intentionally simplified.

• symmetric FCR-style capacity reservation
• asymmetric Belgium-first aFRR with expected-value activation
• capacity-only settlement by default
• expected activation settlement for aFRR only
• optional non-delivery penalty proxy
• no qualification or bid-size granularity logic

Benchmark-grade vs market-grade

Benchmark-grade:

• due diligence
• sensitivity analysis
• cross-market comparison
• portfolio screening
• plug-in testing for private forecasts
• checkpoint revision and expected-vs-realized audit

Not yet market-grade:

• live bid submission
• qualification-aware reserve operations
• continuous intraday re-trading
• operational reconciliation against real settlement statements
• EMS-integrated dispatch control