EVOLVE Project GB 2030 Economic Dispatch Model

This dataset contains the code, input sheets, set-up guide and documentation for the EVOLVE research project (https://evolveenergy.eu/) economic dispatch model of Great Britain. Within this research project, a novel modelling framework has been developed to quantify the potential benefit of including higher proportions of ocean energy within large-scale electricity systems. Economic dispatch modelling is utilised to model hourly supply-demand matching for a range of sensitivity runs, adjusting the proportion of ocean energy within the generation mix. The framework is applied to a 2030 case study of the power system of Great Britain, testing installed wave or tidal stream capacities ranging from 100 MW to 10 GW. This dataset contains all of the data, code and documentation required to run this economic dispatch model. The project results found that for all sensitivity runs, ocean energy increases renewable dispatch, reduces dispatch costs, reduces generation required from fossil fuels, reduces system carbon emissions, reduces price volatility, and captures higher market prices.

The development of this model, and analysis of the model results, is described in detail in a journal paper (currently in press). A preprint of this paper is included within the folder. It can be referenced as: S. Pennock, D.R. Noble, Y. Verdanyan, T. Delahaye and H. Jeffrey, "A modelling framework to quantify the power system benefits from ocean energy deployments", Applied Energy (in press), 2023.