PMS-Education

This version is aimed at people who want hands-on experience with the electricity market. The user can calculate on 3 fictitious areas, with all the functionality found in PMS-Hour and PMS-Scenario.

The most important market mechanisms in the form of the electricity market's dependence on fuel prices, CO2 quota prices, the establishment of new power production units and transmission connections as well as changes in electricity consumption can be analysed. Consumer surplus, producer surplus and transmission surplus can also be calculated.

The course: "Hands-on experience with the electricity market" uses PMS-Education.

PMS-Hour

This version contains the same options as PMS-Education, but now calculations are no longer based on fictitious price areas, but on real data for all countries of the world. Data for production plants, batteries and electrolysis plants are based on purchased data from Enerdata.

In contrast to similar market models, the production and consumption units are not aggregated. All small and large plants are included in the analysis, so if you are a producer, you can find your own plant on the supply curve, and if you are the owner of an electrolysis plant or a large battery plant, you can find your plant on the demand curve. 

This method and data references are described on the page: Model and data

For Europe, consumption data, RE-data and transmission data are obtained from ENTSOe.

The model can be used to gain a practical experience of how the electricity market works.

The model can also be used to analyze historical market situations and to forecast electricity prices.

The model must be used for knowledge building and not as a basis for direct electricity trading.

PMS Scenario

In this version, it is possible to analyze how the electricity system will develop in the future. The user decides which areas are to be included in the analysis, the time horizon and the time step length.

The scenario model was developed in a project supported by the Smart Energy Fund in collaboration with the University of Southern Denmark.

The user can determine data for new power production units, fuel prices, etc.

If the user wants to calculate future profits on existing plants, PMS scenario can also be used for that.

Unlike similar models, PMS-Scenario is easily accessible to users who are not experts in computer models, and it calculates quickly.

The calculation method is described on the page: Model and data

The model is intended for those who screen investments in new technology or new electrical installations. It cannot be used as the sole basis for investment decisions.

PMS-Experimental

This version of PMS is intended for the more professional users. It is based on the PMS-Scenario and has the same functions. But in this version new more advanced features are implemented.

At present, the additional functionality is that the user can subdivide existing price areas. It is e.g. possible, to divide Germany into several price areas. It is also possible to divide island states into areas where there are currently no transmission links exist. Then you can e.g. subsequently analyze the economics of future transmission connections. The division takes place by the user marking the areas on a map, after which the program distributes the power production units on the basis of their GIS coordinates.

The PMS-Experimental version is described on the page: Model and data