7th International Conference on the European Energy Market - EEM10, Madrid (Spain). 23-25 June 2010
Summary:
MORSE is a set of tools developed for the Spanish electrical utility Endesa, for long term simulation and strategic analysis of the Spanish electricity sector. MORSE has three different types of modules: forecasting modules, to model the main businesses of the sector, data preparation modules, to define the sector structure, to import data from other Endesa planning tools and to prepare it for the forecasting modules, and analysis and reports modules, to prepare simulation scenarios to be feed to the forecasting modules, execute them, and collect and organize their outputs in appropriate reports. The pool simulation model of the system, EQUITEC, is a Conjectured Supply Function Equilibrium, where generation companies are represented at a technology level, and conjectures are endogenously computed under hypothesis of local linearity near the equilibrium point. The inclusion in EQUITEC of network and zonal constraints is currently being analyzed.
Keywords: Decision Support Models, Electricity Markets, Mathematical Programming, Nash Equilibrium, Genetic Algorithms, Curve-Fitting, Monte Carlo Simulation
DOI: 
https://doi.org/10.1109/EEM.2010.5558774
Published in IEEE EEM 2010, pp: 1-8, ISBN: 978-1-4244-6838-6
Publication date: 2010-06-23.
Citation:
J. Villar, F.A. Campos, C.A. Díaz, J. González del Santo, A. Díaz Casado, M.A. Rodríguez García, P. Rodríguez Fernández, MORSE: Tools for long-term strategic analysis of the Spanish electricity sector, 7th International Conference on the European Energy Market - EEM10, Madrid (Spain). 23-25 June 2010. In: IEEE EEM 2010: Conference proceedings, ISBN: 978-1-4244-6838-6
