Make quick analyses of an electricity system. Tailor the input for your own system – existing or future! A default dataset is supplied for testing based on Great Britain 2014 and fuel and CO2 prices from IEA World Energy Outlook.
Balmorel Lite is able to dispatch power plants according to their short run marginal costs. The simulation is made with hourly time resolution considering start-stop costs and technical minimum loads of thermal power plants.
The model has been developed with the particular purpose of assessing the value of renewable power in different power systems, but it can also be used for other quick evaluations.
What is the model’s limitations? It has a limited number of technologies, predefined settings and does not consider constraints in the transmission grid. Therefore, analyses with Balmorel Lite cannot replace a custom-made electricity market analysis.