[KSCI] Korea Science Citation Index Service

Development of an Integrated Power Market Simulator for the Korean Electricity Market

Hur Jin (Electricity Market Technology Research Group, Fusion Technology Research Laboratory, Korea Electro-Technology Research Institute (KERI))
Kang Dong-Joo (Electricity Market Technology Research Group, Fusion Technology Research Laboratory, Korea Electro-Technology Research Institute (KERI))
Moon Young-Hwan (Electric Power Research Laboratory, Korea Electro-Technology Research Institute (KERI))

Publication Information

KIEE International Transactions on Power Engineering / v.5A, no.4, 2005 , pp. 416-424 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 in preparation of a Two Way Bidding Pool (TWBP) market. In deregulated electricity industries, an integrated power market simulator is one of the tools that can be used by market participants and market operators analyzing market behaviors and studying market structures and market codes. In this regard, it is very important to develop an electricity market simulator that reflects market code providing a market operation mechanism. This paper presents the development of an integrated market simulator, called the Power Exchange Simulator (PEXSIM), which is designed to imitate the Korean electricity market considering the various features of the market operating mechanism such as uniform price and constrained on/off payment. The PEXSIM is developed in VB.NET and composed of five modules whose titles are M-SIM, P-SIM, O-SIM, T-SIM and G-SIM interfacing the Access database program. To verify the features and the performance of the PEXSIM, a small Two Way bidding market with a 12-bus system and a One Way bidding market for generator competition will be presented for the electricity market simulations using PEXSIM.

Keywords

Korean electricity market; PEXSIM; Power Market Simulator; Uniform Price;

Citations & Related Records

Reference

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