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ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty

Emily Little, Florent Cogen, Quentin Bustarret, Virginie Dussartre, Maxime Lâasri, Gabriel Kasmi, Marie Girod, Frederic Bienvenu, Maxime Fortin, Jean-Yves Bourmaud

Abstract

The ATLAS model simulates the various stages of the electricity market chain in Europe, including the formulation of offers by different market actors, the coupling of European markets, strategic optimization of production portfolios and, finally, real-time system balancing processes. ATLAS was designed to simulate the various electricity markets and processes that occur from the day ahead timeframe to real-time with a high level of detail. Its main aim is to capture impacts from imperfect actor coordination, evolving forecast errors and a high-level of technical constraints--both regarding different production units and the different market constraints.

ATLAS: A Model of Short-term European Electricity Market Processes under Uncertainty

Abstract

The ATLAS model simulates the various stages of the electricity market chain in Europe, including the formulation of offers by different market actors, the coupling of European markets, strategic optimization of production portfolios and, finally, real-time system balancing processes. ATLAS was designed to simulate the various electricity markets and processes that occur from the day ahead timeframe to real-time with a high level of detail. Its main aim is to capture impacts from imperfect actor coordination, evolving forecast errors and a high-level of technical constraints--both regarding different production units and the different market constraints.
Paper Structure (161 sections, 159 equations, 38 figures, 1 table, 3 algorithms)

This paper contains 161 sections, 159 equations, 38 figures, 1 table, 3 algorithms.

Table of Contents

  1. Introduction and Context
  2. The ATLAS Environment
  3. Time Frames
  4. Nomenclature
  5. Forecast Models
  6. Power Forecast
  7. Summary
  8. Methodology
  9. Nomenclature
  10. Analysis of the statistical properties of the dataset
  11. Hypotheses
  12. No self-correlations between updates
  13. Correlation of updates of the same forecast
  14. Dependence of discounting on the forecast horizon
  15. Learning stage
  16. ...and 146 more sections

Figures (38)

  • Figure 1: ATLAS Concepts
  • Figure 2: Representation of market actors in the ATLAS model
  • Figure 3: ATLAS Network Constraint Representations
  • Figure 4: ATLAS Basic Chain of Modules
  • Figure 5: ATLAS Example Chain of Modules
  • ...and 33 more figures