Funding entity Endesa
MORSE is a complete but simplified model of the Spanish electricity industrial sector, which has being developed by the Instituto de Investigación Tecnologica (IIT) in collaboration with Endesa. It is intended for strategic analysis of the evolution of this sector, especially when changes of the utilities structure, new regulations, or new generation technologies take place. Its core is EQUITEC, a market Nash equilibrium model, where the generation has been represented at the technology level, instead of considering generation units individually. This new collaboration focuses on several advanced aspects, such as the analysis of the behavior of the power market calculation algorithm, the distribution bids modeling, or the consideration of probabilistic criterion to improve the modeling of particular technologies such as the eolic generation. Other operative improvements will also be undertaken, such as for example the extension of the algorithm for adjusting inputs to reach predefined sector targets to include iterative execution of EQUITEC if needed.
MORSE has been developed to be compatible with the Forecast Management System of Endesa (SGP), also developed by IIT, for medium and long term planning. Some of the tasks of this collaboration are directly related with SGP, focusing mainly on the statistic analysis of the past electricity sector forecasts and the final outcomes.
MORSE-2008
