Electricity plays an important role in both daily life and production. Therefore, it affects the entire development of the national economy, especially in the process of industrialization. At the national level, electricity is a prerequisite for improving quality of life and creating opportunities, it helps filling the gap between the urban and the rural. Consequentlye, universal access to electricity is often considered a key driver of growth.

The escalating demand for energy and the dynamic nature of energy markets create an urgent need for a coordinated approach to electricity markets in the broader context of the energy sector. This article explores the need to achieve harmonization in electricity markets, focusing on the relationship between price mechanisms, especially in coal power plants and gas turbines, and the consequent effects of them for performance amid volatile prices. Additionally, the article delves into a comprehensive overview of the gas coal market and its impact on the electricity market, emphasizing the need for synchronization in the spot market.

The study uses a multidimensional research approach, combining data analysis and modeling tools to study the complexities of market dynamics. The results highlight important findings related to optimizing performance and synchronization in energy market. A comparison with previous research highlights the significance of the proposed improvements.

The discussion discusses the subtle effects of synchronization on the energy landscape, provides insight into the feasibility and potential challenges of implementing proposed solutions in real-world scenarios.

Analyzing the strengths and limitations of research enhances understanding of its contribution. The paper concludes by offering recommendations for future research and development directions, providing a roadmap to advance the conversation on achieving electricity market convergence within the larger context of the energy sector. This study provides valuable information to policymakers, market participants and researchers dedicated to enhancing the efficiency and integrity of the energy market.