Energyforum
Introduction to Fundamental Modelling for the Electricity Market
17-18 November 2008, Berlin
The course will cover the following topics:
Day 1:
9.00-9.30 Registration and coffee/tea
9.30-18.00
- Definition of fundamental models and description of their distinctive features relative to other model types.
- Basic elements in fundamental models, and how to represent them:
-Electricity demand and consumption: basic electricity demands, price dependent demand, climate dependencies
-Primal energy sources: availability and prices
-Energy transformation: present technologies' classification and modeling (e.g. condensing, back pressure, wind power, hydro power); emerging technologies and investments
-Electricity transmission
- Special topics e.g.: hydro power, wind power, combined heat and power, stochastic elements.
Day 2:
8.30-16.00
-
Boundary conditions and market rules, and how to model them:
-Policy instruments: taxation; tradable emission permits; green certificates.
-Market clearing: Bid types (hourly bids, block bids and others). Clearing principles
-Market imperfections.
- Mathematical statement as an optimization type model. The basic constraints and the objective function. Model classes.
- How to solve it: available software and capabilities
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How much detail in the data input? And how to get the data? Refinements and detail versus relations and overview? How to interpret and apply the results?
