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Recent studies indicate that the effects of inter-annual climate-based variability in power system planning are significant and that long samples of demand & weather data (spanning multiple decades) should be considered. At the same time,…

Applications · Statistics 2019-05-30 Adriaan P Hilbers , David J Brayshaw , Axel Gandy

Power system expansion models are a widely used tool for planning powersystems, especially considering the integration of large shares of renewableresources. The backbone of these models is an optimization problem, whichdepends on a number…

Physics and Society · Physics 2021-08-26 Bruno U. Schyska , Alexander Kies , Markus Schlott , Lueder von Bremen , Wided Medjroubi

An increasing number of studies using energy system optimisation models are conducted with higher spatial and temporal resolution. This comes with a computational cost which places a limit on the size, complexity, and detail of the model.…

Computational Finance · Quantitative Finance 2023-10-17 Nandi Moksnes , William Usher

To forecast wind power generation in the scale of years to decades, outputs from climate models are often used. However, one major limitation of the data projected by these models is their coarse temporal resolution - usually not finer than…

Applications · Statistics 2023-09-19 Nina Effenberger , Nicole Ludwig , Rachel H. White

This paper introduces a generalised version of importance subsampling for time series reduction/aggregation in optimisation-based power system planning models. Recent studies indicate that reliably determining optimal electricity…

Applications · Statistics 2020-08-26 Adriaan P Hilbers , David J Brayshaw , Axel Gandy

Energy systems modellers often resort to simplified system representations and deterministic model formulations (i.e., not considering uncertainty) to preserve computational tractability. However, reduced levels of detail and neglected…

Physics and Society · Physics 2022-08-18 Maria Yliruka , Stefano Moret , Nilay Shah

We suggest a new methodology for designing robust energy systems. For this, we investigate so-called near-optimal solutions to energy system optimisation models; solutions whose objective values deviate only marginally from the optimum.…

Optimization and Control · Mathematics 2023-01-05 Aleksander Grochowicz , Koen van Greevenbroek , Fred Espen Benth , Marianne Zeyringer

The share of wind energy in total installed power capacity has grown rapidly in recent years around the world. Producing accurate and reliable forecasts of wind power production, together with a quantification of the uncertainty, is…

Applications · Statistics 2017-04-26 Amanda Lenzi , Ingelin Steinsland , Pierre Pinson

As the decarbonization of power systems accelerates, there has been increasing interest in capacity expansion models for their role in guiding this transition. Representative period selection is an important component of capacity expansion…

Systems and Control · Electrical Eng. & Systems 2024-01-08 Osten Anderson , Nanpeng Yu , Konstantinos Oikonomou , Di Wu

Energy systems models, critical for power sector decision support, incur non-linear memory and runtime penalties when scaling up under typical formulations. Even hardware improvements cannot make large models tractable, requiring omission…

Signal Processing · Electrical Eng. & Systems 2024-06-26 Anna F. Jacobson , Denise L. Mauzerall , Jesse D. Jenkins

Energy system optimization models are important tools to provide insights regarding trade-offs and interrelations in cost-efficient transformation pathways towards a climate neutral energy system. Using an optimization model of the European…

We propose a framework where generation and transmission capacities are planned concurrently in market environments with a focus on the prosumers. This paper is a continuation of Part I and presents numerical results from three archetypal…

Optimization and Control · Mathematics 2021-05-24 Ni Wang , Remco Verzijlbergh , Petra Heijnen , Paulien Herder

The Nordic countries have adopted ambitious climate targets that imply far-reaching transformations of their power sectors, making energy system modelling and scenario analysis a central input to long-term policy analysis. At the same time,…

Accurate forecasts of the impact of spatial weather and pan-European socio-economic and political risks on hourly electricity demand for the mid-term horizon are crucial for strategic decision-making amidst the inherent uncertainty. Most…

Applications · Statistics 2024-12-06 Monika Zimmermann , Florian Ziel

During the last years, European intraday power markets have gained importance for balancing forecast errors due to the rising volumes of intermittent renewable generation. However, compared to day-ahead markets, the drivers for the intraday…

Statistical Finance · Quantitative Finance 2023-10-06 Simon Hirsch , Florian Ziel

[Spreadsheet] Models are invaluable tools for strategic planning. Models help key decision makers develop a shared conceptual understanding of complex decisions, identify sensitivity factors and test management scenarios. Different…

Human-Computer Interaction · Computer Science 2024-12-31 Paula Jennings

Modeling power market dynamics is increasingly challenging, as both spatial and temporal imbalances of demand and supply are becoming more pronounced with higher shares of variable renewable energy (VRE). Therefore, a high-resolution…

Systems and Control · Electrical Eng. & Systems 2019-08-28 Ramiz Qussous , Thomas Künzel , Anke Weidlich

The assessment of adequacy and security of the energy system requires the detailed knowledge of physical and operational characteristics. In contrast, studies concerning energy transitions employ stylized models that oftentimes ignore the…

Systems and Control · Electrical Eng. & Systems 2019-08-28 Andrea Antenucci , Pedro Crespo del Granado , Blazhe Gjorgiev , Giovanni Sansavini

The effects of the spatial scale on the results of the optimisation of transmission and generation capacity in Europe are quantified under a 95% CO2 reduction compared to 1990 levels, interpolating between one-node-per-country solutions and…

Physics and Society · Physics 2020-08-18 Jonas Hörsch , Tom Brown

Despite the increasing importance of forecasts of renewable energy, current planning studies only address a general estimate of the forecast quality to be expected and selected forecast horizons. However, these estimates allow only a…

Applications · Statistics 2019-06-03 Jens Schreiber , Artjom Buschin , Bernhard Sick
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