farhadkhodaei / gams-power-market Goto Github PK

Some minimal examples of linear programming used for Power Market Simulations.

The day-ahead electricity spot market, Elspot, is the main platform to trade electricity in the Nordic region. Here, electricity suppliers and buyers place their bids a day in advance for delivery of electricity during the next day. In this exercise, you will simulate such a market, but with a few simplifications and assumptions as follows:

• You will use a single-auction bidding strategy and simulate for only one hour.
• Generators are assumed to bid their actual marginal costs.
• There is a tie-line connecting Sweden and Poland that is assumed to behave as a load (on Sweden side) of 600MW.
• Estonia is not a participant in this market.

Develop a program to simulate this double-auction market with the objective function being maximization of the social welfare for a single hour.

Develop and implement a planning model of the electricity retailer in GAMS to help the trading team make the necessary decisions.