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SM-Monitor software was developed by Argonne National Laboratory and is distributed under the product name EMCAS.
The short-term (hourly chronological) simulation mode of SM-Monitor is ideally suited for market monitoring and mitigation. The software is used to analyze which market participants are able to exert market power, under what conditions they can exert market power, and using what type of bidding strategies; as well as, for testing the effectiveness of alternative mitigation measures. For example, SM-Monitor was applied in a study conducted for the Illinois Commerce Commission (ICC) to evaluate whether the transmission system in the state and surrounding region would be able to support a competitive electricity market.
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