In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real … supply even if power plants deviate from their schedules, the system operator procures balancing capacity and energy in …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …

We present a bottom-up electricity market model for Switzerland called Swissmod. It includes a detailed electricity … interdependence of hydraulically coupled hydropower plants into account. In addition, the Swiss electricity network is represented … surrounding European electricity markets. The aim of this paper is to outline the model and calibrate it to 2012 data. …

This paper provides a description of ELMOD, a model of the European electricity market including both generation and … the physical transmission network (DC Load Flow approach). The model was developed at the Chair of Energy Economics and … combining electrical engineering and economics: its objective function is welfare maximization, subject to line flow, energy …

In an electricity system, demand and supply have to be balanced in real time. Since most energy is traded before real … supply even if power plants deviate from their schedules, the system operator procures balancing capacity and energy in …-dominated electricity system using Switzerland as a case study. By using a short-term hydropower operation model and a set of Swiss …

This paper analyzes the functioning of the markets for electricity reserves in Germany. We provide an overview of the …