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El-certificates in EMPS model

El-certificates in EMPS model

Category
Report/thesis
Abstract
This report documents how the el-certificate market has been implemented in EMPS as one extra area in the model. The reservoir storage for the new area represents the net balance for the certificate market. In this way, the existing methodology for strategy calculation in EMPS is utilized for the certificate inventory. Our model for forecasting in the certificate market: - Is an integrated model for el-certificates and electricity - Carry out a week-by-week dynamic simulation for several constitutive years - Includes uncertainty for climate variables - Apply a stochastic-dynamic strategy for the certificate inventory - Calculate the penalty rate endogenously
Language
English
Author(s)
Affiliation
  • SINTEF Energy Research / Energisystemer
Year
2014
Published in
SINTEF Rapport
ISSN
1504-9795
Place
Trondheim
Publisher
SINTEF Energi AS
Booklet
TR A7452
ISBN
978-82-594-3611-5