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A multivariate platform for assessing the impact of strategic decisions in electrical power systems

A multivariate platform for assessing the impact of strategic decisions in electrical power systems

Objective

Energy markets have undergone fundamental changes at the conceptual level over the last years. The necessity for sustainability has transformed the traditional power production scheme to a distributed energy resource one, while the future points towards a great number of decentralized, small-scale production sites based on renewable energy sources, also. The Smart Grid paradigm is here to stay, while the deregulation of energy markets has defined new rules and new procedures.These changes offer substantial opportunities for all energy market stakeholders, which remain mostly unexploited due to two main reasons: a) the small-scale consumers comprising the vast majority of stakeholders are individually insignificant, and their market power is practically non-existent. Nevertheless, if they were somehow aggregated, their market power would dramatically increase, so as to affect market related policies and, b) there is currently a lack of tools for modeling this aspect of the energy market, i.e. the modeling of all involved entities with respect to their consumption behavior in an aggregate fashion, and the evaluation of trends formulated, policies applied and decisions made against specific socio-economic and environmental performance indicators.Project CASSANDRA aims to build a platform for the realistic modeling of the energy market stakeholders, also involving small-scale consumers. CASSANDRA will not provide another tool for visualization. Rather, it will provide users with the ability to test and benchmark working scenarios that can affect system operation and company/environmental policies at different levels of abstraction, starting from a basic level (single consumer) and shifting up to large consumer areas (i.e. a city). The project main outcomes will be the aggregation methodology and the framework of key performance indicators for scenario assessment, as well as an expandable software platform that providing different energy stakeholders with the ability to model the energy market, in order to assess scenarios for their own purposes.

Coordinator

ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS

Address

Charilaou Thermi Road 6 Km
57001 Thermi Thessaloniki

Greece

Activity type

Research Organisations

EU Contribution

€ 557 803

Administrative Contact

Pericles Mitkas (Prof.)

Participants (8)

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CLEOPA GMBH

Germany

EU Contribution

€ 142 875

VAASAETT LTD AB OY

Finland

EU Contribution

€ 261 600

DRAXIS ENVIRONMENTAL S.A.

Greece

EU Contribution

€ 325 164

ARISTOTELIO PANEPISTIMIO THESSALONIKIS

Greece

EU Contribution

€ 351 400

POLITECNICO DI MILANO

Italy

EU Contribution

€ 301 253

ERASMUS UNIVERSITEIT ROTTERDAM

Netherlands

EU Contribution

€ 263 615

LULEA TEKNISKA UNIVERSITET

Sweden

EU Contribution

€ 387 700

COVENTRY UNIVERSITY

United Kingdom

EU Contribution

€ 242 590

Project information

Grant agreement ID: 288429

Status

Closed project

  • Start date

    1 November 2011

  • End date

    31 July 2014

Funded under:

FP7-ICT

  • Overall budget:

    € 3 586 124

  • EU contribution

    € 2 834 000

Coordinated by:

ETHNIKO KENTRO EREVNAS KAI TECHNOLOGIKIS ANAPTYXIS

Greece