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Market Operation
Market Operation
KPX carries out complicated power trading from bidding to settlement promptly and accurately using various computer systems. Moreover, market participants and interested customers can access the necessary information anytime, anywhere through the Internet.
Bidding System
- Bidding through exclusive terminal units
- Posting of available capacity results on the Internet
- Various statistics and management data for power trading
Scheduler System
Establishes a Price Setting Schedule(PSS) and calculates the marginal price (SMP/BLMP) a day ahead according to the demand forecast of the trading day; publishes an operation schedule considering various fuel and transmission constraints
Metering System
Performs remote measurement of hourly volume generation through electronic meters installed on all generating units
Settlement System
Performs initial and final settlement, adjusts payments upon the request of market participants, and issues bills
Energy Management System(EMS)
Exercises supervisory control and carries out data acquisition on generation plants and substations, maintains real-time demand/supply balance, controls generator outputs and system stability, and monitors ancillary service capability and simulates system disturbances for dispatcher training
Power Trading System Configuration
