AO Energy Markets¶
AO Energy Markets uses a production cost model to simulate energy markets for analyzing questions related to renewables, energy storage, and others.
Production Cost Model¶
Here is how we model the bulk power system.
Visit Awesome Power Analysis repository to learn about more tools in power analysis.
Simulating Energy Markets¶
Production cost models require a lot of data, inputs, and assumptions to run them and produce meaningful results.
Weather drives a lot of the data inputs when running scenario analysis. Weather is used as an input into load and renewable generation.
- ERCOT The Electric Reliability Council of Texas operates the electric grid and manages the deregulated market for 75 percent of the state.