The Oak Ridge Competitive Electricity Dispatch (ORCED) Model Version 9
The Oak Ridge Competitive Electricity Dispatch (ORCED) model dispatches power plants in a region to meet the electricity demands for any single given year up to 2030. It uses publicly available sources of data describing electric power units such as the National Energy Modeling System and hourly demands from utility submittals to the Federal Energy Regulatory Commission that are projected to a future year. The model simulates a single region of the country for a given year, matching generation to demands and predefined net exports from the region, assuming no transmission constraints within the region. ORCED can calculate a number of key financial and operating parameters for generating units and regional market outputs including average and marginal prices, air emissions, and generation adequacy. By running the model with and without changes such as generation plants, fuel prices, emission costs, plug-in hybrid electric vehicles, distributed generation, or demand response, the marginal impact of these changes can be found.