Optimising energy models for hydrothermal generation systems to derive electricity prices

Dominik Möst (), Ingela Tietze-Stöckinger (), Wolf Fichtner () and Otto Rentz ()
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Dominik Möst: Universität Karlsruhe
Ingela Tietze-Stöckinger: Universität Karlsruhe
Wolf Fichtner: Universität Karlsruhe
Otto Rentz: Universität Karlsruhe

A chapter in Operations Research Proceedings 2004, 2005, pp 254-262 from Springer

Abstract: Abstract Within this paper, the energy model PERSEUS-HYDRO and its application to Switzerland with a focus on the possibility to provide long-term electricity prices will be presented. Within this model perfect energy markets are assumed and thus electricity prices can be derived from system-marginal-costs. Main features of the plant dispatch within a system with hydro and thermal power will be shown. Also, the integration of energy exchanges (e.g. EEX) are foreseen within the optimising model. As the plant dispatch mainly influences the marginal costs, the important effects and coherences will be highlighted. As prices on the energy exchange have to be set as exogenous input, their influence on the marginal costs will also be discussed.

Keywords: Marginal Cost; Energy Exchange; Electricity Price; Base Load; Water Power (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-27679-1_32

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DOI: 10.1007/3-540-27679-3_32

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