Work Package #5

WP5 – Performance assessment of the market(s) design(s). Application of the open-access tools to characteristic case studies

Leader – LNEG

Description – In this WP, the models and simulation tools developed in WP4 are used to assess the performance of the new market designs and products obtained in WP3. The test cases will emulate the future power systems of European countries that were selected for their physical differences. The test cases will also encompass different system scales and typologies. The energy mix and characteristics that result from WP2 will be used as a benchmark. This WP will show the strengths and weaknesses of the proposed market designs. This information will be fed back to WP3, where the designs will be improved, until the market performance is close enough to the benchmark. This WP will also provide an indication of the price levels in different countries and different scenarios.