Multi-year Investment Modelling in Energy Systems

TL;DR

This paper reviews various multi-year investment modelling approaches in energy planning, progressing from simple to complex formulations to clarify different levels of detail and improve understanding.

Contribution

It provides a comprehensive overview of multi-year investment modelling approaches, highlighting their development from basic to advanced formulations.

Findings

Different levels of modelling detail are explained with examples.

Progression from simple to complex models enhances understanding.

The paper serves as an accessible guide to energy investment modelling.

Abstract

This paper summarises the main multi-year investment modelling approaches in energy planning models. Therefore, here we will go from a simple (basic) formulation to a more complex (general) one to understand different levels of detail, including examples to make more accessible the understanding of the concepts.