Short description
The Contracting Authority wants to purchase Electricity Market Modelling Software.
Energinet is relaying on electricity market forecasts as the foundation for any analysis, business case, electricity adequacy, budgeting, and other studies. Making qualified guesses on future elec-tricity prices, emissions, constraints, and market dynamics through simulations is therefore of great importance for Energinet.
Energinet does this through market models, that can simulate a wide range of possible future European energy systems (electricity, heat, and hydrogen) on an hourly basis. The needs for Ener-ginet include a State-of-the-art electricity market model with the ability to handle sector coupling, i.e., gas, hydrogen, and heat. State-of-the-art is defined by market models able to handle complex international studies, such as ERAA22 and TYNDP22, while also having capabilities to simulate hydro power through water value calculation algorithms.