Abstract
Several new generation companies such as PPS (Power Producer and Supplier) and IPP (Independent Power Producer) are emerging due to the deregulation and liberalization of the power industry. One of the most important concerns after the deregulation is decline of investment for power plant construction due to uncertainties associated with the power market. Development of power stations should be planned considering short-term and long term trends of power market. This paper focuses on the power stations development issues under competitive environment and proposes a simulation method of power stations development. The developed simulation tool can deal the interactions among each player's both short-term and long-term strategies.
