The wholesale power market design proposed by the U.S. Federal Energy Regulatory Commission (FERC) in an April 2003 white paper [FERC 2003] encompasses the following core features:

1. Central management by an independent market operator.
2. A two-settlement system consisting of a day-ahead market supported by a parallel real-time market to ensure continual balancing of supply and demand for power.
3. Management of grid congestion by means of locational marginal pricing (LMP), i.e., the pricing of power by the location and timing of its injection into, or withdrawal from, the transmission grid.
4. market power oversight and mitigation.

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Categories

Simulation

License

GNU General Public License version 2.0 (GPLv2)

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Additional Project Details

Operating Systems

Linux, Mac, Windows

Intended Audience

Other Audience

User Interface

Java Swing

Programming Language

Java

Related Categories

Java Simulation Software

Registered

2012-09-24