This paper documents ELMOD, a linear optimization model with a nodal pricing approach, covering the energy market and electricity grid of Europe. In the presented formulation, ELMOD is used for the computation of market coupling results without grid constraints and subsequent computation of...

In Europe, the ongoing renewable expansion and delays in the planned grid extension have intensified the discussion about an adequate electricity market design. Against this background, we jointly apply an agent-based electricity market model and an optimal power flow model to investigate the...

In Europe, the ongoing renewable expansion and delays in the planned grid extension have intensified the discussion about an adequate electricity market design. Against this background, we jointly apply an agent-based electricity market model and an optimal power flow model to investigate the...