Abstract
Abstract This work presents a generic Mixed Integer Linear Programming model that integrates a Mid-term Energy Planning model, which implements generation and transmission system planning at a yearly level, with a Unit Commitment model, which performs the simulation of the day-ahead electricity market. The applicability of the proposed model is illustrated in a case study of the Greek power system. The proposed modelling framework identifies (or not) the interconnection of an autonomous island to the mainland electric system, as well as the optimum interconnection capacity. It also quantifies the effects of the interconnection options in the day-ahead electricity market and on the energy mix. The proposed model can provide useful insights into the strategic and challenging decisions to be determined by investors and/or policy makers at a national and/or regional level, by providing the optimal energy roadmap and management, as well as clear price signal on critical energy projects under real operating and design constraints.
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