Can Optimal Dispatch Models Recreate Reality? A Retrospective Analysis of Europe's 2022 Energy Crisis Using PyPSA-Eur

Lukas Karkossa, Marco Saretta, Frederik Erhard Gullach +1

Electricity prices result from the complex interplay of supply and demand, which depends on variable renewable energy production, fuel costs, CO${}_2$ price, and grid bottlenecks.Bet…