New developments of the OMEGA model, consideration of gas demand in Monte Carlo executions, and daily simulations

J. Reneses A. Bello Á. Rosso L. Montero

January 2019 - December 2019

Funding entity Enel Iberoamerica S.R.L

This project between IIT and Endesa focuses on the operation and forecasting in the context of the Iberian natural gas market. Specifically, this proposal addresses three tasks. First, the implementation of new functionalities for the OMEGA tool. Second, the improvements so that gas demand is considered within Monte Carlo executions. Finally, the developments in the model in order to include daily detail during the first months of the simulations.

Research topics:
• *Medium-term tactical planning
• Electricity, natural gas and renewable gases markets models

2019_OMEGA