Uploaded September 2025 | Updated September 2026, 2 hours ago
(Dr Jack Simpson) This presentation will introduce the audience to the fields of electricity market modelling and mathematical optimisation (MO).The talk will be comprised of three sections:
The first section will provide some background and context for the audience. We will describe what an electricity market is, how it functions, and the energy transition which is changing how we build and operate the grid. We will also provide some background on mathematical optimisation - how it works, and why it is the most common way to model energy markets.
In the second section, we will walk through how you build an optimisation model together. We will describe an extremely simple electrical grid, and show we can simulate the dispatch of power stations through a mathematical optimisation model. We will also explore some of the benefits of these models, including how electricity prices are generated by extracting the marginal value of constraints.
Finally, we will break down the core components of a mathematical optimisation model and discuss how this approach can be used to solve quantitative problems in many other sectors.
pretalx.com/pycon-au-2025/talk/HT8KQC
python, pycon, australia, programming, conference, technical, developers, panel, sessions, libraries, frameworks, community, sysadmins, students, education, data, science
Videos licensed as CC-BY-NC-SA 4.0
PyCon AU is the national conference for the Python programming community, bringing together professional, student and enthusiast developers, sysadmins and operations folk, students, educators, scientists, statisticians, and many others besides, all with a love for working with Python.
Licensed as CC BY-NC-SA - creativecommons.org/licenses/by-nc-sa/4.0
Produced by Next Day Video Australia: https://nextdayvideo.com.au
Fri Sep 12 15:10:00 2025 at Ballroom 2
(Dr Jack Simpson) This presentation will introduce the audience to the fields of electricity market modelling and mathematical optimisation (MO).The talk will be comprised of three sections:
The first section will provide some background and context for the audience. We will describe what an electricity market is, how it functions, and the energy transition which is changing how we build and operate the grid. We will also provide some background on mathematical optimisation - how it works, and why it is the most common way to model energy markets.
In the second section, we will walk through how you build an optimisation model together. We will describe an extremely simple electrical grid, and show we can simulate the dispatch of power stations through a mathematical optimisation model. We will also explore some of the benefits of these models, including how electricity prices are generated by extracting the marginal value of constraints.
Finally, we will break down the core components of a mathematical optimisation model and discuss how this approach can be used to solve quantitative problems in many other sectors.
pretalx.com/pycon-au-2025/talk/HT8KQC
python, pycon, australia, programming, conference, technical, developers, panel, sessions, libraries, frameworks, community, sysadmins, students, education, data, science
Videos licensed as CC-BY-NC-SA 4.0
PyCon AU is the national conference for the Python programming community, bringing together professional, student and enthusiast developers, sysadmins and operations folk, students, educators, scientists, statisticians, and many others besides, all with a love for working with Python.
Licensed as CC BY-NC-SA - creativecommons.org/licenses/by-nc-sa/4.0
Produced by Next Day Video Australia: https://nextdayvideo.com.au
Fri Sep 12 15:10:00 2025 at Ballroom 2
