<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The paper is focused on the development of the Baltic Sea region taking into account the new EU energy policy. The authors elucidate the current situation and the power system infrastructure projects of the region. For the economic analysis and optimization of the development plans a method is proposed that takes into account the outlooks for upcoming 20-50 years and the initial information uncertainty. The method makes possible estimation of the technically-economic state, including market conditions, for a given power system.</p></abstract>

The paper is focused on the development of the Baltic Sea region taking into account the new EU energy policy. The authors elucidate the current situation and the power system infrastructure projects of the region. For the economic analysis and optimization of the development plans a method is proposed that takes into account the outlooks for upcoming 20-50 years and the initial information uncertainty. The method makes possible estimation of the technically-economic state, including market conditions, for a given power system.

Method of Power System Suistanable Development Optimization in Liberalized Market Conditions

Laboratory for Power System Mathematical Modelling, Institute of Physical Energetics, 21 Aizkraukles Str., Riga, LV-1006, LATVIA

Latvian Journal of Physics and Technical Sciences

The paper is focused on the development of the Baltic Sea region taking into account the new EU energy policy. The authors elucidate the current situation and...

Method of Power System Suistanable Development Optimization in Liberalized Market Conditions

Published Online: Jul 14, 2011

Page range: 3 - 12

DOI: https://doi.org/10.2478/v10047-011-0017-6

Keywords
Power system management, optimization methods, electricity market

This content is open access.

Method of Power System Suistanable Development Optimization in Liberalized Market Conditions

Published Online: Jul 14, 2011

Page range: 3 - 12

DOI: https://doi.org/10.2478/v10047-011-0017-6

KeywordsPower system management, optimization methods, electricity market

This content is open access.

Keywords
Power system management, optimization methods, electricity market