Energy networks: A modelling framework for European optimal cross-border trades

Abstract

Understanding of gas and electricity networks and interconnected systems requires a benchmark system to test different methodologies. A mathematical modeling framework has been formulated for energy networks and solutions for optimal cross-border European trades were derived. The results show the importance of combining gas and electricity networks to assess cross-border trade to minimize risk and ensure security across borders and match supply with demand whilst minimizing cost for transmission, but also to provide a unified European energy market. Comparison of simulation results shows a good agreement when compared with the actual data, with an overall correlation of over 90%. A range of supplies options under different conditions can be explored with the dynamic model to ensure a reliable network configuration over the coming decades. This tool could be used in risk limiting dispatch analysis for decision makers to assess operational uncertainties in generation, demand and future trade.