Electricity

Serbia’s TSO EMS to use Plexos to model grid investments

Serbia's TSO EMS to use Plexos to model grid investments, balancing renewables

Photo: Energy Exemplar

Published

May 18, 2023

Country

Comments

0

Share

Published:

May 18, 2023

Country:

Comments:

0

Share

Serbia’s transmission system operator Elektromreža Srbije (EMS) will use Energy Exemplar’s modeling software Plexos to meet key objectives and manage a changing energy mix.

Over a three-year initial agreement period, Plexos modeling will allow EMS to use simulation technologies to model investments, including in conventional and renewable energy sources and infrastructure, Australia-based Energy Exemplar said and added that the Serbian state-owned utility plans extensive investments to renew its transmission capacities and expand them.

According to the firm, simulating markets will help EMS to plan short-, medium- and long-term procurement decisions, forecasting losses and investment opportunities.

Pleoxos will help Serbia to model future energy scenarios

Serbia’s energy mix currently heavily relies on coal, which accounts for about 70% of its energy needs, while the rest comes from hydropower.

In this situation, Pleoxos will help Serbia to model future energy scenarios and the long-term effects of greater investment into alternative energy to improve energy security, affordability and to integrate renewable energy storage.

Also, EMS will have a tool to accurately model hydro energy capacities.

Extensive modeling of line losses will help Serbia’s TSO to better understand and manage costs, and procure energy necessary for the compensation of transmission grid losses, Energy Exemplar said.

Utilizing technology is key for the energy transition

Nebojša Vučinić, Director of the Development Directorate at EMS, said energy markets across Europe are undergoing rapid and unprecedented change.

“Utilizing technology will be key to ensuring this transition is smooth. Plexos gives us the capability of testing scenarios around supply and demand, storage, pricing and integrating new forms of energy so EMS knows the impacts across long-term asset investments,” he added.

According to Michael Schneider, Senior Vice President and Head of EMEA at Energy Exemplar, EMS is playing a key role in helping Serbia to modernize and expand its energy infrastructure, as well as reducing the costs associated with line losses and investments while planning for a future-proof energy system.

“Plexos modeling will help simulate potential losses and future scenarios towards making more intelligent and informed decisions about the form and nature investment should take,” Schneider stressed.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Solida Construction work Croatia first agrisolar power plant

Construction work begins on Croatia’s first agrisolar power plant

06 June 2023 - Solar power developer Solida is pioneering the application of the agrivoltaic-agrisolar concept in Croatia

Hristov Bulgaria Black Sea power interconnection

Hristov: Bulgaria joins Black Sea power interconnection project

06 June 2023 - Bulgaria will participate in the strategic partnership for the installation of a submarine cable under the Black Sea

Serbia-wind-solar-power-auction-plan

Serbia adopts wind, solar power auction plan

06 June 2023 - Serbia's auction plan reveals that competitive procedures are envisaged for an overall 1.3 GW in wind and solar power through March 2025

CAN Europe Western Balkan contries in preparing NECP national energy climate plan

CAN Europe: Western Balkans took little to no action in preparing NECPs

05 June 2023 - In 2021, the obligation to adopt NECPs was postponed until 2024 at the latest while the deadline for delivering drafts is June 30, 2023