Swissmod - A Model of the Swiss Electricity Market

31 Pages Posted: 28 Jun 2014 Last revised: 8 Jul 2014

See all articles by Ingmar Schlecht

Ingmar Schlecht

University of Basel - Center for Economic Science

Hannes Weigt

WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel

Date Written: June 6, 2014

Abstract

We present a bottom-up electricity market model for Switzerland called Swissmod. It includes a detailed electricity network and hydropower representation. Swissmod captures the features and restrictions of run-of-river, yearly storage and pumped-storage power plants and combines this with a network model of the river and water stream system to take the interdependence of hydraulically coupled hydropower plants into account. In addition, the Swiss electricity network is represented using the DC load ow approach, allowing for spatial market evaluations. The model is developed as a deterministic optimization problem in GAMS. It provides an hourly resolution over a one-year horizon with an approximated representation of the surrounding European electricity markets. The aim of this paper is to outline the model and calibrate it to 2012 data.

Keywords: Switzerland, electricity markets, power flow, hydro power, nodal pricing

JEL Classification: L94, Q4

Suggested Citation

Schlecht, Ingmar and Weigt, Hannes, Swissmod - A Model of the Swiss Electricity Market (June 6, 2014). Available at SSRN: https://ssrn.com/abstract=2446807 or http://dx.doi.org/10.2139/ssrn.2446807

Ingmar Schlecht (Contact Author)

University of Basel - Center for Economic Science ( email )

Basel, 4051
Switzerland

Hannes Weigt

WWZ, Wirtschaftswissenschaftliche Fakultät der Universität Basel ( email )

Basel, 4051
Switzerland

HOME PAGE: http://fonew.unibas.ch/

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