Modelling the Dynamic of a Merchant Interconnection under Various Energy Scenarios

Author

Ojeda, Osvaldo Andrés ; Garcés, Francisco F.

Author_Institution

Bremer Energie Inst., Bremen

fYear

2007

fDate

9-12 Sept. 2007

Firstpage

2096

Lastpage

2103

Abstract

In this paper, the long-term dynamic of a market interconnection is studied and analyzed through a bottom-up simulation model. The model has been developed using concepts and tools of System Dynamics and it consists of two electricity markets linked by a merchant DC transmission line. Two different energy scenarios are studied: a situation of gas price spike and an energy saving scenario. The model shows the influence of the exogenous conditions in the structure of the generation installed capacity and the consequent effects on the average spot prices and reliability indices.

Keywords

energy conservation; power markets; power system interconnection; power system reliability; pricing; bottom-up simulation model; electricity market; energy saving scenario; gas price spike; merchant DC transmission line; merchant market interconnection; reliability index; Analytical models; Electricity supply industry; Power system interconnection; Power system modeling; Power system simulation; Power transmission lines; System testing; Transmission line theory; Wind energy; Wind energy generation; Electricity markets; System Dynamics; energy scenarios; interconnection; model;

fLanguage

English

Publisher

ieee

Conference_Titel

EUROCON, 2007. The International Conference on "Computer as a Tool"

Conference_Location

Warsaw

Print_ISBN

978-1-4244-0813-9

Electronic_ISBN

978-1-4244-0813-9

Type

conf

DOI

10.1109/EURCON.2007.4400514

Filename

4400514