By optimising simultaneously across these sectors, rather than sequentially, it is a powerful tool to model the real-time interactions between Electricity, Gas and Hydrogen production and storages.
It can model scenarios to find the optimal investment outputs, revenues and prices - results which can then be used to inform future policy and investment decisions.
Fixed and variable costs
Technical operating parameters
Fixed and variable costs
Technical operating parameters
Capital costs of investment options
Demand forecasts
Fuel prices
Policy setting
Optimal investment plan
Asset retirement
Transmission flows between nodes (Gj, MWh, and kg)
Sector resource costs
Production and storage utilisation
Nodal prices: $/kg, $/GJ, and $/MWh
Network topology
Inputs to cost-benefit-analysis
For 20+ years, Frontier Economics has been at the forefront of climate change and energy transition economic consulting. Offering unbiased, independent, analysis and specialist economic modelling to shape public policy, build resilient communities and respond to changes in the market. We pride ourselves on making this complex issue easier to understand and navigate using data and economics.
