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Development of Market Modeling and Price Simulator(MMPS) Under the .NET Framework  

Hur Jin (한국전기연구원)
Kang Dong-Joo (한국전기연구원)
Jung Hae-Sung (한국전기연구원)
Moon Young-Hwan (한국전기연구원)
Publication Information
The Transactions of the Korean Institute of Electrical Engineers A / v.54, no.2, 2005 , pp. 88-96 More about this Journal
Abstract
At present, the Korean electricity industry is undergoing restructuring and the Cost Based-generation Pool(CBP) market is being operated preparing for Two Way Bidding Pool(TWBP) market open. 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 an unique market simulator, Market Modeling and Price Simulator(MMPS) that is designed to imitate the Korean electricity market considering uniform price. The MMPS is developed in VB.NET and is composed of two modules that consist of market modeling and price simulation interfacing access database program. To evidence the features and the performance of MMPS, a small two way bidding market with 12-bus system and one way bidding market for generator competition will be presented for the electricity market simulations using MMPS.
Keywords
Market Modeling; Price Simulator; MMPS; CBP Market; TWBP Market;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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