Collaboration on model development

Here we will note the improvements that are happening with the Power Market Simulator model and similar models.

Power Market Simulator model

August 1, 2025

  • The heuristic solver, which Strategirummet itself developed, has been replaced by HiGHS, which is a mathematical solver developed by MIT. The heuristic solver is still used in a special case where users can follow the calculation process when solving the optimization of production planning
  • An option has been added to calculate the prices in the bidding zones flow-based. This calculation is based on the simplification that we assume that the reactances are the same in all transmission connections. You have access to the flow-based calculation in PMS-Education and PMS-Experimental
  • Data for production plants and flexible electricity consumption plants for Denmark is no longer based on information from Enerdata, but data is obtained from the Danish Energy Agency