BOTTOM UP MODELLING OF AN INTEGRATED POWER MARKET WITH HYDRO RESERVOIRS

The paper presents methodological reflections on bottom up modelling of an integrated power market. The geographical scope of the modelling is the Baltic Sea Region (BSR), i.e., of considerable extension. This paper will discuss the structure of sub periods and profiles of electricity and heat demands, which is appropriate for such model. Special emphasis will be devoted to methods for modification of the dispatch of electricity supply among the sub periods in order to reflect the operation of the pumped storage in Lithuania