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1. Introduction


1.1. Introduction




2. The Generation Shift Factors


2.1. The initial system state


2.2. The per-unit system


2.3. The power balance equation


2.4. The Generation Shift Factors


2.5. GSFs and electricity trading




3. Impact Analysis


3.1. Calculating the effect that a change in demand has


3.2. Calculating the effect that a change in generation has




4. Implementation


4.1. Implementation in Python


4.2. Implementation in GAMS




5. Conclusions

5.1. Overview

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© 2026 Dr Spyros Giannelos
London, United Kingdom
spyros@spyrosgiannelos.com
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