IDEAS home Printed from https://ideas.repec.org/p/arx/papers/2402.12848.html
   My bibliography  Save this paper

ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty

Author

Listed:
  • Emily Little
  • Florent Cogen
  • Quentin Bustarret
  • Virginie Dussartre
  • Maxime L^aasri
  • Gabriel Kasmi
  • Marie Girod
  • Frederic Bienvenu
  • Maxime Fortin
  • Jean-Yves Bourmaud

Abstract

The ATLAS model simulates the various stages of the electricity market chain in Europe, including the formulation of offers by different market actors, the coupling of European markets, strategic optimization of production portfolios and, finally, real-time system balancing processes. ATLAS was designed to simulate the various electricity markets and processes that occur from the day ahead timeframe to real-time with a high level of detail. Its main aim is to capture impacts from imperfect actor coordination, evolving forecast errors and a high-level of technical constraints--both regarding different production units and the different market constraints.

Suggested Citation

  • Emily Little & Florent Cogen & Quentin Bustarret & Virginie Dussartre & Maxime L^aasri & Gabriel Kasmi & Marie Girod & Frederic Bienvenu & Maxime Fortin & Jean-Yves Bourmaud, 2024. "ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty," Papers 2402.12848, arXiv.org.
    • Handle: RePEc:arx:papers:2402.12848
    as

    Download full text from publisher

    File URL: http://arxiv.org/pdf/2402.12848
    File Function: Latest version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Florent Cogen & Emily Little & Virginie Dussartre & Quentin Bustarret, 2024. "ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty -- Balancing Modules," Papers 2402.12859, arXiv.org.
    2. Wu, Felix & Varaiya, Pravin & Spiller, Pablo & Oren, Shmuel, 1996. "Folk Theorems on Transmission Access: Proofs and Counterexamples," Journal of Regulatory Economics, Springer, vol. 10(1), pages 5-23, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Florent Cogen & Emily Little & Virginie Dussartre & Quentin Bustarret, 2024. "ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty -- Balancing Modules," Papers 2402.12859, arXiv.org.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dávid Csercsik & László Á. Kóczy, 2017. "Efficiency and Stability in Electrical Power Transmission Networks: a Partition Function Form Approach," Networks and Spatial Economics, Springer, vol. 17(4), pages 1161-1184, December.
    2. Selin Kocaman, Ayse & Abad, Carlos & Troy, Tara J. & Tim Huh, Woonghee & Modi, Vijay, 2016. "A stochastic model for a macroscale hybrid renewable energy system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 688-703.
    3. Neuhoff, Karsten & Barquin, Julian & Boots, Maroeska G. & Ehrenmann, Andreas & Hobbs, Benjamin F. & Rijkers, Fieke A.M. & Vazquez, Miguel, 2005. "Network-constrained Cournot models of liberalized electricity markets: the devil is in the details," Energy Economics, Elsevier, vol. 27(3), pages 495-525, May.
    4. Zugang Liu & Anna Nagurney, 2009. "An integrated electric power supply chain and fuel market network framework: Theoretical modeling with empirical analysis for New England," Naval Research Logistics (NRL), John Wiley & Sons, vol. 56(7), pages 600-624, October.
    5. Richard O’Neill & Emily Fisher & Benjamin Hobbs & Ross Baldick, 2008. "Towards a complete real-time electricity market design," Journal of Regulatory Economics, Springer, vol. 34(3), pages 220-250, December.
    6. Paul Joskow & Jean Tirole, 2005. "Merchant Transmission Investment," Journal of Industrial Economics, Wiley Blackwell, vol. 53(2), pages 233-264, June.
    7. Jacqueline Boucher & Yves Smeers, 2001. "Alternative Models of Restructured Electricity Systems, Part 1: No Market Power," Operations Research, INFORMS, vol. 49(6), pages 821-838, December.
    8. Dávid Csercsik, 2016. "Competition and Cooperation in a Bidding Model of Electrical Energy Trade," Networks and Spatial Economics, Springer, vol. 16(4), pages 1043-1073, December.
    9. repec:ver:wpaper:40 is not listed on IDEAS
    10. Makoto TANAKA, 2005. "Optimal Transmission Capacity under Nodal Pricing and Incentive Regulation for Transco," Discussion papers 05021, Research Institute of Economy, Trade and Industry (RIETI).
    11. Katrin Schmitz & Christoph Weber, 2013. "Does One Design Fit All? On The Transferability Of The PJM Market Design To The German Electricity Market," EWL Working Papers 1302, University of Duisburg-Essen, Chair for Management Science and Energy Economics, revised Apr 2013.
    12. Giovanni Goldoni, 2007. "Un bilancio delle liberalizzazioni dei settori dell’energia elettrica e del gas naturale in Italia e in Europa," Working Papers 40/2007, University of Verona, Department of Economics.
    13. Ilic, M. & Hsieh, E. & Remanan, P., 2003. "Transmission Pricing of Distributed Multilateral Energy Transactions to Ensure System Security and Guide Economic Dispatch," Cambridge Working Papers in Economics 0311, Faculty of Economics, University of Cambridge.
    14. Francisco Munoz & Enzo Sauma & Benjamin Hobbs, 2013. "Approximations in power transmission planning: implications for the cost and performance of renewable portfolio standards," Journal of Regulatory Economics, Springer, vol. 43(3), pages 305-338, June.
    15. Say, Kelvin & Csereklyei, Zsuzsanna & Brown, Felix Gabriel & Wang, Changlong, 2023. "The economics of public transport electrification: A case study from Victoria, Australia," Energy Economics, Elsevier, vol. 120(C).
    16. BOUCHER, Jacqueline & SMEERS, Yves, 1999. "Alternative models of restructured electricity systems. Part 1: no market power," LIDAM Discussion Papers CORE 1999050, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    17. Mariola Ndrio & Anna Winnicki & Subhonmesh Bose, 2019. "Pricing Economic Dispatch with AC Power Flow via Local Multipliers and Conic Relaxation," Papers 1910.10673, arXiv.org, revised Oct 2021.
    18. Juan Rosellón, Ingo Vogelsang, and Hannes Weigt, 2012. "Long-run Cost Functions for Electricity Transmission," The Energy Journal, International Association for Energy Economics, vol. 0(Number 1).
    19. Wolf-Peter Schill & Jonas Egerer & Juan Rosellón, 2015. "Testing regulatory regimes for power transmission expansion with fluctuating demand and wind generation," Journal of Regulatory Economics, Springer, vol. 47(1), pages 1-28, February.
    20. Krebs, Vanessa & Schewe, Lars & Schmidt, Martin, 2018. "Uniqueness and multiplicity of market equilibria on DC power flow networks," European Journal of Operational Research, Elsevier, vol. 271(1), pages 165-178.
    21. Ruderer, Dominik & Zöttl, Gregor, 2018. "Transmission pricing and investment incentives," Utilities Policy, Elsevier, vol. 55(C), pages 14-30.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2402.12848. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.