This paper presents a framework for long-term price forecasting in hydro-thermal power systems comprising two modeling layers. A long-term hydro-thermal model expresses the expected future cost as a function of hydro reservoir levels to a short-term operational model. The short-term model re-optimiz...

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 produced CO₂ (CCS), is debated. The hydrogen for Europe pre-study has been unde...

In order to quantify a set of scenarios for the European and Norwegian energy system, a set of two linked models is applied. These comprise a global assessment model and an expansion model for the European power system. This setup of linked model allows to apply global framework developments in more...

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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 of the market design on these units. Results of a case study for northern Eu...

This paper compares the simulation results for two stochastic optimization power market models. EMPS uses aggregation and heuristics to calculate the optimal dispatch. SOVN simulates the operation of the power system in one large linear programming problem taking each single plant and reservoir into...