Home > Department of Mathematics > Seminars > OR Seminar Series > Academic year 2014-15 > Power market modelling using linear programming
How to contact us

 

LSE 10 logo master_6


Department of Management
London School of Economics and Political Science
Houghton Street

London WC2A 2AE

  

Enquiries: dom.events@lse.ac.uk 

  

Follow us online

Facebook-Square-38x38Twitter-square-38x38Youtube-square-38x38

 

Power market modelling using linear programming

Wednesday 15 October 2014
Arndt von Schemde
4pm - 5.30pm, 32L.G.20

Abstract

Power markets can be simulated using a linear programming approach. The intersection between the demand and the supply curves is  found by solving a cost minimization problem under a set of constraints. In this talk, we give an example of a power market model (the "TheMA" model) and its applications. The model has an hourly time resolution, a detailed representation of thermal, hydro, and intermitted generation technologies (such as wind and PV), as well as a detailed description of cross-border trade. In this talk, we shall also discuss practical considerations, such as computation time issues, and explain what general principles should guide modelling and model development.

Share:Facebook|Twitter|LinkedIn|
Arndt vonSchemde