ELMOD - A Model of the European Electricity Market

Florian Leuthold, Hannes Weigt and Christian von Hirschhausen

MPRA Paper from University Library of Munich, Germany

Abstract: This paper provides a description of ELMOD, a model of the European electricity market including both generation and the physical transmission network (DC Load Flow approach). The model was developed at the Chair of Energy Economics and Public Sector Management (EE2) at Dresden University of Technology in order to analyze various questions on market design, congestion management, and investment decisions, with a focus on Germany and Continental Europe. ELMOD is a bottom-up model combining electrical engineering and economics: its objective function is welfare maximization, subject to line flow, energy balance, and generation constraints. The model provides simulations on an hourly basis, taking into account variable demand, wind input, unit commitment, start-up costs, pump storage, and other details. We report selected study results using ELMOD.

Keywords: Electricity markets; Energy pricing; Network modeling (search for similar items in EconPapers)
JEL-codes: D41 D61 L94 (search for similar items in EconPapers)
Date: 2008-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Published in Networks and Spatial Economics 1.12(2012): pp. 75-107

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:65660

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