Modelling the influence of large-scale profit optimising energy storage systems participating in both energy and balancing markets

As the share of renewable energy generation increases, the need for energy storage also increases. Therefore, there is a need for better storage representation in the current energy modelling tools. In the present day,<br/>the longer-term energy storage systems are not fully represented since, for existing storage systems, the self-serving...

Modelling the Emergence of Functioning Natural Gas Wholesale Markets

The European Commission considers liberalized and liquid natural gas wholesale markets as a priority. Agent-based models are considered suited to provide insight in what market conditions contribute to the emergence of functioning natural gas wholesale markets. We present an abstraction of the natural gas market to explore the emergence of...