Abstract:
The Electricity Market Model EMMA is a techno-economic model of the integrated European power system. It simulates investment, dispatch, and trade, minimizing total costs subject to a large set of technical constraints. In economics terms, it is a partial equilibrium model of the wholesale electricity market. It calculates scenario-based or green-field optima (equilibria) and estimates the corresponding capacity mix as well as hourly prices, generation, storage dispatch, flexible consumption, and cross-border trade for each market area. Technically, EMMA is a linear program, written in GAMS and solved by CPLEX on a desktop computer in about two hours. EMMA has been used for a number of peer-reviewed publications as well as in consulting projects. EMMA is open-source: the model code and input data are freely available under the MIT Software License and the Create Commons BY-SA 4.0 License, respectively, and can be downloaded from https://github.com/emma-model
