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As the share of variable generation in power systems increases, there is increasing value in more flexible use and generation of electricity. The paper compares the economic value of several flexibility options in a large power system with a large amount of reservoir hydro power. Generation planning models are needed to consider the impact of flexibility options on other investments in a power system. However, generation planning models do not include all the relevant operational details. The approach in the paper combines a generation planning model with a unit commitment and dispatch model. The results demonstrate the value of coupling the heat and power sectors and the value of transmission. Low-cost electricity storage does not appear to be as decisive in the Northern European context with wind power as the main variable generation source. The paper also addresses methodological issues related to the inclusion of operational constraints in generation planning. [ABSTRACT FROM AUTHOR]

Backbone represents a highly adaptable energy systems modelling framework, which can be utilised to create models for studying the design and operation of energy systems, both from investment planning and scheduling perspectives. It includes a wide range of features and constraints, such as stochastic parameters, multiple reserve products, energy storage units, controlled and uncontrolled energy transfers, and, most significantly, multiple energy sectors. The formulation is based on mixed-integer programming and takes into account unit commitment decisions for power plants and other energy conversion facilities. Both high-level large-scale systems and fully detailed smaller-scale systems can be appropriately modelled. The framework has been implemented as the open-source Backbone modelling tool using General Algebraic Modeling System (GAMS). An application of the framework is demonstrated using a power system example, and Backbone is shown to produce results comparable to a commercial tool. However, the adaptability of Backbone further enables the creation and solution of energy systems models relatively easily for many different purposes and thus it improves on the available methodologies. [ABSTRACT FROM AUTHOR]