Energy system planning and electricity market simulation

 

Energy system planning

Customers and partners: Governments, energy companies, energy technology developers
Projects: REserviceS, FLEXe, WILMARlogos

 

 

 CHALLENGE

The transition towards a low-carbon energy system with high amounts of variable renewable generation is changing the roles of energy market actors and new business models are needed. As the cycling of thermal power plants is increasing, more and more attention is paid to the business logic for investing in flexible thermal generation. On the other hand, ancillary services needed by the power system can be provided by various sources in future, including renewables and flexible demand, and the business case is the best for those who can provide the services in a cost-effective manner.

 SOLUTION

VTT utilises interlinked optimisation models for energy system investment and operational planning. The development of the operational model WILMAR Joint Market Model started in 2002 by VTT and other European research organisations. Since then, VTT has continuously tailored the WILMAR model and the investment model Balmorel to respond to challenges in energy systems with high amounts of wind and solar power.

 BENEFIT

Improved understanding of the value and impact of

  • power system flexibility in future
  • investments in generation, storage, transmission and demand side flexibility
  • energy and electricity market designs
  • laws and regulations


For more information about Power system design and asset planning, see: http://www.vttresearch.com/services/low-carbon-energy/wind-energy/power-system-design-and-asset-planning

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CONTACT US

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Tel. exchange +358 20 722 111
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CUSTOMER SERVICE

info@vtt.fi
Tel. +358 20 722 7070
Opening hours Mon - Fri 9:00 - 11:00 and 12:00 - 15:00,
UTC +2 time zone