PowNet is a least-cost optimization model for simulating the Unit Commitment and Economic Dispatch (UC/ED) of large-scale (regional to country) power systems. In PowNet, a power system is represented by a set of nodes that include power plants, high-voltage substations, and import/export stations (for cross-border systems). The model schedules and dispatches the electricity supply from power plant units to meet hourly electricity demand in substations at a minimum cost. It considers the techno-economic constraints of both generating units and high-voltage transmission network. The power flow calculation is based on a Direct Current (DC) network (with N-1 criterion), which provides a reasonable balance between modelling accuracy and data and computational requirements. PowNet can easily integrate information about variable renewable resources (e.g., hydro, wind, solar) into the UC/ED process. For example, it can be linked with models that estimate the electricity supply available from renewable resources as a function of the climatic conditions. In addition, PowNet has provision to account for the effect of droughts on the generation of dispatchable thermal units (e.g., coal, oil, gas-fired units) that depend on freshwater availability. These features facilitate the application of PowNet to problems in the water-energy nexus domain that investigate the impact of water availability on electricity supply and demand.
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