Modeling and simulation of the interconnected SEE and Italy electricity markets: Contribution to the panel "Energy developments in south east Europe"

Sergio Bruno, Massimo La Scala, George Gross

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The focus of the paper is on the long-term effects of the construction of a physical interconnection between SEE and Italy using a 1000-MW DC link from Italy to Albania. The impacts of this interconnection path are significant for the markets in Italy and SEE. The modeling issues are discussed and the simulation tool used to emulate the possible developments is presented. The use of scenario analysis is described and its ability to increase the realism of the simulations is discussed. We provide some representative results of the simulations. In addition, we discuss some key aspects of the cost-benefit analysis of the DC link. The extensive set of simulation studies indicate the gains in social welfare that may be realized as a result of the DC link. The financial viability of the transmission investment is considered from a private investor viewpoint taking into account the impacts of various sources of uncertainty.

Original languageEnglish (US)
Title of host publication2009 IEEE Power and Energy Society General Meeting, PES '09
DOIs
StatePublished - Dec 17 2009
Event2009 IEEE Power and Energy Society General Meeting, PES '09 - Calgary, AB, Canada
Duration: Jul 26 2009Jul 30 2009

Publication series

Name2009 IEEE Power and Energy Society General Meeting, PES '09

Other

Other2009 IEEE Power and Energy Society General Meeting, PES '09
Country/TerritoryCanada
CityCalgary, AB
Period7/26/097/30/09

Keywords

  • Electricity markets
  • Electricity prices
  • Long-term assessment
  • Power system economics
  • Simulation
  • Uncertainty management

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Fingerprint

Dive into the research topics of 'Modeling and simulation of the interconnected SEE and Italy electricity markets: Contribution to the panel "Energy developments in south east Europe"'. Together they form a unique fingerprint.

Cite this