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Optimising energy models for hydrothermal generation systems to derive electricity prices

In: Operations Research Proceedings 2004

Author

Listed:
  • Dominik Möst

    (Universität Karlsruhe)

  • Ingela Tietze-Stöckinger

    (Universität Karlsruhe)

  • Wolf Fichtner

    (Universität Karlsruhe)

  • Otto Rentz

    (Universität Karlsruhe)

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.

Suggested Citation

  • Dominik Möst & Ingela Tietze-Stöckinger & Wolf Fichtner & Otto Rentz, 2005. "Optimising energy models for hydrothermal generation systems to derive electricity prices," Operations Research Proceedings, in: Hein Fleuren & Dick Hertog & Peter Kort (ed.), Operations Research Proceedings 2004, pages 254-262, Springer.
    • Handle: RePEc:spr:oprchp:978-3-540-27679-1_32
    DOI: 10.1007/3-540-27679-3_32
    as

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