Bidirectional linkage between a long-term energy system and a short-term power market model

Pernille Seljom, Eva Rosenberg, Linn Emelie Schäffer and Marte Fodstad

Energy, 2020, vol. 198, issue C

Abstract: This paper proposes a novel bidirectional linkage between a long-term energy system model and an operational power market model. This combined modelling framework provides long-term energy system investment strategies that explicitly consider the operational complexity of the power sector. The linkage is demonstrated using an energy system model of Norway and a European power market model with a specific high detail level of hydropower operation. For Norway, with its hydropower-dominated electricity sector, the linkage is designed to improve the modelling of hydropower generation and external electricity markets in the energy system model, and to provide consistent assumptions concerning Norwegian electricity demand and capacity in the power market model. The difference in income of hydropower producers, which is endogenous in both models, is used as a convergence criterion. The linkage is tested for various future developments of the European power market and is successful for three of the four analysed instances. However, when the linkage is evaluated in a system with a very high share of intermittent electricity generation and large variations in electricity price, it fails to converge on hydropower income. This is because the simulated Norwegian electricity prices differ significantly between the two models in this situation.

Keywords: Bidirectional linkage; Long-term energy system model; Shortterm power market model; Hydropower systems; Intermittent generation (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544220304187
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:198:y:2020:i:c:s0360544220304187

DOI: 10.1016/j.energy.2020.117311

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

More articles in Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().