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Project information

Iberian natural gas market operation: operational and modeling improvements

J. Reneses P. Dueñas M. Gil A. Valle M.P Cañeque

January 2014 - December 2014

Funding entity Endesa


This project, which is included in the framework of a continuous research between Endesa and the IIT, is focused on the operation and forecasting in the context of the Iberian natural gas market. In particular, the model is extended in order to consider agents’ strategic behavior in a profit-maximizing context. Furthermore, a balancing hub which will be regulated during 2014 is included, as well as global gas markets are represented with detail. Finally, the interaction with the electricity market model is consolidated allowing to obtain synergies from the joint operation, and input variables uncertainty are incorporated.


2014 OMEGA