Proceedings of the KIEE Conference (대한전기학회:학술대회논문집)
- 2004.11b
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- Pages.97-100
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- 2004
Development of Electricity Market Price Simulator(EMPS) for short term electricity market
단기시장모형 해석을 위한 전력시장가격 시뮬레이터(EMPS) 개발
- Hur, Jin (Korea Electrotechnology Research Institute(KERI)) ;
-
Kang, Dong-Joo
(Korea Electrotechnology Research Institute(KERI))
;
- Jung, Hae-Sung (Korea Electrotechnology Research Institute(KERI)) ;
-
Moon, Young-Hwan
(Korea Electrotechnology Research Institute(KERI))
- Published : 2004.11.12
Abstract
As the circumstance of the traditional system is changed according to power system deregulation, the simulation tool which should reflect market code providing market operating mechanism is needed to analyze an electricity market. This paper presents the development of Electricity Market Price Simulator for short term(EMPS) that is designed to imitate the Korean electricity market. The EMPS is developed in VB.NET and is composed if three functions that consist of calculating SMP for CBP market, MCP for TWBF market and LMP for LMP-market. To evidence the features and the performance of EMPS, a small two way bidding market with 12-bus system, one way bidding market for generator competition and LMP market with 5-bus system will be presented for the electricity market simulations using EMPS.
Keywords