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I-ELGAS model

A model of the integrated electricity and gas markets 

Representation of the initial model set-up of I-ELGAS model

The I-ELGAS, which stands for integrated electricity and gas market model, uses equilibrium and optimization methodology to simulate volume-price interactions between gas and electricity markets.

Currently, the available literature on integrated gas and electricity market is scarce. Compared to the existing integrated models, I-ELGAS is more detailed capturing the hourly I-RES variability while also including the ramping capability of power plants, peak and seasonal gas storage, and electricity storage in the model.

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Jeroen de Joode (ECN)