| Model Scope |
Model type and solution approach |
| Model class
|
Market Model
|
| Sectors
|
Electricity Market
|
| Technologies
|
Renewables, Conventional Generation
|
| Decisions
|
dispatch
|
| Regions
|
North West Europe
|
| Geographic Resolution
|
Member State
|
| Time resolution
|
Hour
|
| Network coverage
|
net transfer capacities
|
|
| Model type
|
Optimization
|
|
|
Least Cost Optimization, Can be run in MIP or linear relaxed mode
|
| Variables
|
|
| Computation time
|
60 minutes
|
| Objective
|
Minimize total Generation cost
|
| Uncertainty modeling
|
None
|
| Suited for many scenarios / monte-carlo
|
No
|
|
References
Scientific references
http://www.sciencedirect.com/science/article/pii/S0960148115001640
https://dx.doi.org/doi:10.1016/j.renene.2015.02.048
Example research questions
Cost of electricity in 2020
Congestion on Lines
Impact of carbon prices
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