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Analysis of the Portuguese and Spanish NECPs using the CEVESA MIBEL market model

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IIT-24-190C.pdf (1.264Mb)
Date
2024-08-08
Author
Rodrigues de Oliveira, André
Campos Fernández, Francisco Alberto
Villar Collado, José
Doménech Martínez, Salvador
Peças Lopes, Joao Abel
Tomé Saraiva, Joao P.
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info:eu-repo/semantics/publishedVersion
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Abstract
 
 
The member states of the European Union (EU) are actively reassessing their National Energy and Climate Plans (NECPs) [1] to jointly address climate challenges and the impacts of the COVID pandemic and gas supply crisis. This study extends the analyses described in [2] by assessing the impact of the updated NECP drafts for Portugal and Spain [3], [4] on the Iberian Electricity Market (MIBEL). For this, we use CEVESA, a market model for the long-term planning and operation of MIBEL that computes the joint dispatch of energy and secondary reserve of the two interconnected single-price zones. Departing from the expected evolution of the electricity generation technologies and demand available in the NECP drafts, joint scenarios for Portugal and Spain are built with the latest CO2 allowances and fuel prices projections and the latest available historical data of hydro and renewable generation profiles. Simulations provide estimates for the expected market prices, technology generation dispatch, and the usage of the capacity of the interconnection lines between both countries, highlighting potential concerns and knowledge on future NECPs.
 
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http://hdl.handle.net/11531/97775
Analysis of the Portuguese and Spanish NECPs using the CEVESA MIBEL market model
Tipo de Actividad
Capítulos en libros
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Instituto de Investigación Tecnológica (IIT)
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electricity prices, interconnections, market model, national energy and climate plans, MIBEL
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