The aim of this paper is to quantify the value of flexible power generation technologies in Northern Europe in 2030, and in particular hydropower with storage. Two scenarios for the European power system in 2030 are presented. The study uses a fundamental hydrothermal power system model for the comb...

This report is written as a part of HydroCen WP3.1. The aim of the research described in this report is to show and quantify variation in power prices in Northern Europe in 2030. The background for this study is the need for reduction of green-house-gases (GHG) emissions and EUs policy for transform...

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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...