Model concept, solver and details - PROMETHEUS
PROMETHEUS is a recursive dynamic energy system simulation model. Variables are either calculated directly or are calculated based on the previous years' values, to which are applied the evolution of explanatory variables and other exogenous parameters.
The economic decisions regarding the investment and operation of the energy system are based on the current state of knowledge of parameters (costs and performance of technologies, prices, ...) or with a myopic anticipation of future costs and constraints.
The model does not use foresight but myopic anticipation. Some foresight can be forced in the electricity production sector.
The model is developed on the EVIEWS software.
|No previous version available|
|Institution||E3Modelling (E3M), Greece, https://e3modelling.com/modelling-tools.|
|Solution concept||Partial equilibrium (price elastic demand)|
|Anticipation||Energy system simulation.Foresight is included only is some sub-modules (i.e. electricity generation)|