This paper documents ELMOD, a linear optimization model with a nodal pricing approach, covering the energy market and electricity grid of Europe. In the presented formulation, ELMOD is used for the computation of market coupling results without grid constraints and subsequent computation of...

We use the cross-impact balance analysis to develop narratives that differ in the level of political collaboration (in terms of the stringency of the EU climate policy) and physical collaboration (possible expansion of transmission capacity between countries) in the European power market....

This paper evaluates investment incentives for wind power under uniform and nodal pricing.An electricity system model is developed, which allows for investments into wind power whileconsidering transmission grid constraints in detail. Targeting equally high wind capacitiesunder nodal and uniform...

This paper evaluates investment incentives for wind power under uniform and nodal pricing.An electricity system model is developed, which allows for investments into wind power whileconsidering transmission grid constraints in detail. Targeting equally high wind capacitiesunder nodal and uniform...

We use the cross-impact balance analysis to develop narratives that differ in the level of political collaboration (in terms of the stringency of the EU climate policy) and physical collaboration (possible expansion of transmission capacity between countries) in the European power market....

Like many other countries, Germany has defined goals to reduce its CO2-emissions following the Paris Agreement of the 21st Conference of the Parties (COP). The first successes in decarbonizing the electricity sector were already achieved under the German Energiewende. However, further steps in...

Despite regulation efforts, CO2 emissions from European road transport have continued to rise. Increased use of electricity offers a promising decarbonization option, both to fuel electric vehicles and run power-to-x systems producing synthetic fuels. To understand the economic implications of...

In this paper, multiple pathways for the European energy system until 2050 are computed, focusing on one of the major challenges of the low-carbon transition: the issue of unused capacities and stranded assets. Three different scenarios are analyzed, utilizing the Global Energy System Model...