Integrated grid and power market simulation

Followed by the liberalization of the European power market, the amount of transmitted power between the countries increases and thus affects electricity prices. Therefore, the loads of the weakly built interconnection lines between countries approach their physical limits. Furthermore, the construction of decentralized generation units, especially renewable power generation, changes the generation structure as a whole. In order to foresee the effects of this change in the European power system, the Institute of Electric Power Systems in Hannover is developing an integrated grid and power market simulator to analyze possible future scenarios in the electric power systems. The simulation tool is designed in a way, which allows usage in other market areas, if the necessary base data are embedded. The embedded models create an optimized power plant schedule with the help of load and grid data. Based on the schedule, further analysis of the power system are possible.