Open-source electricity market modelling for the Baltic states: review and requirements

This study strives to develop an open-source model for studying the Baltic electricity market. An important step towards this goal is assessment of the existing modelling landscape. Therefore, in this paper we present an overview of the modelling approaches and a non-exhaustive review of existing open-source energy modelling tools, listing also frameworks that have been applied for studying the Baltic energy system. Based on the review and needs analysis, we devise the main requirements for the further development efforts of the Baltic electricity market model.