no code implementations • 9 Dec 2022 • Julius Trebbien, Leonardo Rydin Gorjão, Aaron Praktiknjo, Benjamin Schäfer, Dirk Witthaut
In perfect competition, the merit order principle describes that dispatchable power plants enter the market in the order of their marginal costs to meet the residual load, i. e. the difference of load and renewable generation.
no code implementations • 7 Dec 2021 • Jan Priesmann, Justin Münch, Elias Ridha, Thomas Spiegel, Marius Reich, Mario Adam, Lars Nolting, Aaron Praktiknjo
We end with deriving a new methodological pipeline for adequately and efficiently addressing the present and upcoming challenges in the assessment of security of electricity supply.
