Abstract
The goal of this paper is to introduce the market modeling tool Antares and to point out possibilities of its utilisation in cost-benefit analysis of energy projects. Market modeling of power systems represents a detailed modeling of generating units, consumption and cross-border connections with neighboring systems in order to find economically optimal dispatching of power plants by which the total consumption will be satisfied. In this paper, two power systems connected by cross-border transmission lines will be modeled (in one of them there is a large amount of installed capacity of renewable energy sources). The benefits of reinforcing cross-border connection embodied in avoiding curtailment of available renewable energy due to low energy consumption and lack of energy storage systems will be analyzed, along with corresponding benefits of reduced CO2 emissions due to the ability to transfer green energy into neighboring power systems through increased cross-border capacity.
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