Funding entity Endesa
MORSE is a model of the Spanish electricity sector, developed by the Instituto de Investigación Tecnológica (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 Conjectural Supply Function Market Equilibrium, where the generation has been represented at the technology level, instead of considering generation units individually. EQUITEC includes an algorithm for agents conjectures computation based on local linearity and robustness against small demand changes. MORSE also has tools for histograms computations based on Montecarlo, objectives optimization based on genetic algorithms, and optimal determination of the technologies definitions and of the demand load levels of the market model. This collaboration focuses on the extension of EQUITEC to include network and zonal constraints, the modeling of renewable and other emerging technologies, and the approach to other industrial sectors closely related with the electricity sector, to improve MORSE forecasting results.
MORSE-2010
