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Project information

Electricity Market Modelling

L. Olmos A. Ramos S. Gómez

November 2023 - April 2024

Funding entity REPSOL S.A


The objective of this collaboration is to develop a tool focused on determining the evolution of prices in the Spanish peninsular electricity system markets in the 2023 to 2050 horizon, as well as to apply this tool to a case, or set of scenarios, representative of the possible evolution of the Spanish system. This tool must consider an evolution of those factors that have a relevant impact on prices that is consistent with the evolution projections of the electricity system developed by the Ministry for Ecological Transition and Demographic Challenge (MITECO) within the National Integrated Energy and Climate Plan (PNIEC) 2021-2030 and the Long Term Decarbonization Strategy 2050.


Layman's summary: The objective of this collaboration is to develop a tool focused on determining the evolution of prices in the Spanish peninsular electricity system markets in the 2023 to 2050 horizon, as well as to apply this tool to a case, or set of scenarios, representative of the possible evolution of the Spanish system.



REPSOL_PRED_PRECIOS