Flow-based market clearing will be implemented in the Nordic system in 2024. Nordic hydropower, with its large reservoirs require long-term production planning. Therefore, using exogenous flow-based constraints, we aim at ...

An equilibrium model of the energy market is extended by a carbon emissions market. In addition, the mix of renewable energy sources is optimized given a limit on total generation. These two new features are integrated ...

A linear complementarity model is developed and presented for two different electricity market designs comprising an energy-only as well as a capacity market. In addition, storage units are implemented, assessing the impact ...

Purpose of Review Balancing a large share of solar and wind power generation in the power system will require a well synchronized coordination of all possible flexibility sources. This entails developing market designs ...

At present there is an ongoing process within the EU on how to fulfil the commitment made to the Paris agreement. The role of hydrogen, and in particular hydrogen from natural gas combined with capture and storage of the ...

This paper presents a framework for price forecasting in hydro-thermal power systems. The framework consists of a long-term strategic and a short-term operational model. The strategic model provides the end-of-horizon ...

As the power system is becoming more weather-dependent and integrated to meet decarbonization targets, the level and severity of uncertainty increase and inevitably introduce higher risk of demand rationing or economic ...