Open-Source Electricity Market Modelling for the Baltic States: Review and Requirements

2023 19th International Conference on the European Energy Market (EEM 2023): Proceedings 2023
Zane Broka, Kārlis Baltputnis

This study strives to develop an open-source model for studying the Baltic electricity market. An important step towards this goal is assessment of the existing modelling landscape. Therefore, in this paper we present an overview of the modelling approaches and a non-exhaustive review of existing open-source energy modelling tools, listing also frameworks that have been applied for studying the Baltic energy system. Based on the review and needs analysis, we devise the main requirements for the further development efforts of the Baltic electricity market model.

Keywords
electricity markets, modelling, optimisation, open source, energy transition
DOI
10.1109/EEM58374.2023.10161953
Hyperlink
https://ieeexplore.ieee.org/document/10161953

Broka, Z., Baltputnis, K. Open-Source Electricity Market Modelling for the Baltic States: Review and Requirements. In: 2023 19th International Conference on the European Energy Market (EEM 2023): Proceedings, Finland, Lappeenranta, 6-8 June, 2023. Piscataway: IEEE, 2023, pp. 672-677. ISBN 979-8-3503-2452-5. e-ISBN 979-8-3503-1258-4. ISSN 2165-4077. e-ISSN 2165-4093.

Publication language
English (en)