A DYNAMIC SIMULATION MODEL FOR LONG-TERM ANALYSIS OF THE POWER MARKET

@inproceedings{Botterud2002ADS,
  title={A DYNAMIC SIMULATION MODEL FOR LONG-TERM ANALYSIS OF THE POWER MARKET},
  author={Audun Botterud and Magnus Korp{\aa}s and Klaus-Ole Vogstad and Ivar Wangensteen},
  year={2002}
}
This paper presents a new model concept for long-term analysis of deregulated power markets. In the model we try to capture the main factors influencing long- term development of the power system. In the deregulated power markets, investment decisions are no longer part of centralised planning and optimisation. Investors' lack of perfect foresight, together with permissions and construction delays, could possibly result in periods of overcapacity or capacity deficits in the system. By using a… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 26 CITATIONS

Analysis of power systems expansion processes based on System Dynamics - state-of-the-art

  • 2016 IEEE Biennial Congress of Argentina (ARGENCON)
  • 2016
VIEW 2 EXCERPTS
CITES BACKGROUND

The simulation and management of adaptive smart grid oriented power mix based on evolutionary dynamic mechanism under high percentage of renewable energy policy

  • 2016 Portland International Conference on Management of Engineering and Technology (PICMET)
  • 2016
VIEW 1 EXCERPT
CITES BACKGROUND