Weitere Kapitel dieses Buchs durch Wischen aufrufen
In this chapter, we derive one of the various ways to model the energy production system. The main motivation to choose this specific modeling approach is our goal of analyzing the energy market in a forward-looking sense. Especially, we want to include into the model the main characteristics of the future demand-side managements. We do this by including into the model the Real-Time Pricing (RTP) mechanism of the energy market. The supply side of the markets is first constructed by using one representative technology in order to describe the main features of the model. It is then enlarged by constructing production system technology by a technology such that the long-run equilibrium of the market can be reached. The model constructed in this chapter is used later in this book in various simulation applications.
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See Fig. 4.3 for the description of the load curve.
We begin with peaker technology because if used at all it will be used in the highest demand hour.
Although the baseload capacity refers to the nuclear power, for modeling reasons we first assume that the baseload constraint is equal to the capacity of nuclear power and hydropower together.
Zurück zum Zitat Borenstein S (2005) The long-run efficiency of real-time electricity pricing. Energy J 26:1–24 Borenstein S (2005) The long-run efficiency of real-time electricity pricing. Energy J 26:1–24
Zurück zum Zitat Borenstein S, Holland S (2005) On the efficiency of competitive electricity markets with time-invariant retail prices. RAND J Econ 36:469–493 Borenstein S, Holland S (2005) On the efficiency of competitive electricity markets with time-invariant retail prices. RAND J Econ 36:469–493
Zurück zum Zitat Kopsakangas-Savolainen M, Svento R (2011) Real-time pricing in the nordic power markets. Energy Econ. doi: 10.1016/j.eneco.2011.10.006 Kopsakangas-Savolainen M, Svento R (2011) Real-time pricing in the nordic power markets. Energy Econ. doi: 10.1016/j.eneco.2011.10.006
- Modeling Energy Production System
- Springer London
- Chapter 3