Energy networks: A modelling framework for European optimal cross-border trades
1 October 2014
Understanding of gas and electricity networks and interconnected systems requires a benchmark system to test different methodologies. A mathematical modeling framework has been formulated for energy networks and solutions for optimal cross-border European trades were derived. The results show the importance of combining gas and electricity networks to assess cross-border trade to minimize risk and ensure security across borders and match supply with demand whilst minimizing cost for transmission, but also to provide a unified European energy market. Comparison of simulation results shows a good agreement when compared with the actual data, with an overall correlation of over 90%. A range of supplies options under different conditions can be explored with the dynamic model to ensure a reliable network configuration over the coming decades. This tool could be used in risk limiting dispatch analysis for decision makers to assess operational uncertainties in generation, demand and future trade.
Spataru, C., Bialek, J.W. (2014)
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