EconPapers    
Economics at your fingertips  
 

Are complex energy system models more accurate? An intra-model comparison of power system optimization models

Jan Priesmann, Lars Nolting and Aaron Praktiknjo

Applied Energy, 2019, vol. 255, issue C

Abstract: Today, optimization models are by far the most popular choice when analyzing energy systems. Impressive advances in computer and data sciences have allowed for a multitude of complex energy system optimization models. In our manuscript, we assess the hypothesis of a positive correlation between complexity of a model and accuracy of its results. For this, we propose a framework based on alternative model formulations and apply it in a case study with 160 different, more or less complex, implementations of power system optimization models for dispatch and investment. Our results indicate that a certain degree of complexity is indeed necessary to obtain sufficiently accurate results. However, a careful balancing is also necessary for acceptable use of computational resources. In terms of partial load efficiency of conversion processes, our findings indicate that (two) different formulations should be used for dispatch and for investment decisions. Furthermore, a model including simple grid constraints comes with only minor increases in complexity compared to a model assuming a copper plate. Moreover, the combination of multiple technical constraints for conversion processes leads to a significant gain in accuracy while the combination of multiple time-coupling constraints is a major complexity driver.

Keywords: Energy system; Energy system models; Complexity; Energy system optimization models; Pareto optimality; Power system (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (33)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0306261919314709
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:appene:v:255:y:2019:i:c:s0306261919314709

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/405891/bibliographic
http://www.elsevier. ... 405891/bibliographic

DOI: 10.1016/j.apenergy.2019.113783

Access Statistics for this article

Applied Energy is currently edited by J. Yan

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

 
Page updated 2025-03-19
Handle: RePEc:eee:appene:v:255:y:2019:i:c:s0306261919314709