As a new system, variable refrigerant flow system with water-cooled condenser (water-cooled VRF) can offer several interesting characteristics for potential users. However, at present, its dynamic simulation simultaneously in association with building and other equipments is not yet included in the energy simulation programs. Based on the EnergyPlus's codes, and using manufacturer's performance parameters and data, the special simulation module for water-cooled VRF is developed and embedded in the software of EnergyPlus. After modeling and testing the new module, on the basis of a typical office building in Shanghai with water-cooled VRF system, the monthly and seasonal cooling energy consumption and the breakdown of the total power consumption are analyzed. The simulation results show that, during the whole cooling period, the fan-coil plus fresh air (FPFA) system consumes about 20% more power than the water-cooled VRF system does. The power comparison between the water-cooled VRF system and the air-cooled VRF system is performed too. All of these can provide designers some ideas to analyze the energy features of this new system and then to determine a better scheme of the air conditioning system. (C) 2009 Published by Elsevier B.V.