Energy Market

IEC 62325-450:2013 defines how to create a profile from the common information model and the context modelling rules related to this task. This standard is to be applied to the IEC 62325 series. The common information model (CIM) is an abstract model that represents all the major objects in an electric utility enterprise. The CIM IEC 62325-301 caters for the introduction of the objects required for the operation of electricity markets.

IEC 62325-351:2016 is applicable to European style electricity markets and specifies a UML package which provides a logical view of the functional aspects of European style market management within an electricity markets. This package is based on the common information model (CIM). The use of the CIM goes far beyond its application in a market management system. This new edition of IEC 62325-351 contains new classes and associations required to comply with new business development for European style market, and in particular the implementation of recent European regulations.

IEC 60050-617:2009 has been published as a consequence of deregulation of the electricity market, it appeared necessary to establish a common glossary with those terms defining actors in the market, interface between actors and the technical or financial terms having a specific meaning in the context of electricity market. This horizontal standard IEC 60050-617:2009 is primarily intended for use by technical committees in the preparation of standards in accordance with the principles laid down in IEC Guide 108. One of the responsibilities of a technical committee is, wherever applicable, to make use of horizontal standards in the preparation of its publications. The contents of this horizontal standard will not apply unless specifically referred to or included in the relevant publications. The content of 60050-617 will be freely available at www.electropedia.org. Electropedia (also known as the IEV Online) is the world's most comprehensive online electrical and electronic terminology database containing more than 20 000 terms and definitions.
It has the status of a horizontal standard in accordance with IEC Guide 108.