publications and responsibilities
Optimizing day-ahead bid curves in hydropower production
In deregulated electricity markets, hydropower producers must bid their production into the day-ahead market. For price-taking producers, it is optimal to offer energy according to marginal costs, which for hydropower are determined by the opportunity cost of using water that could have been stored ...
Value of multi-market trading for a hydropower producer
We present a case study for a price-taking hydropower producer trading in the three short-term energy markets, day-ahead, intra-day and the balancing market. The study uses a scheduling software with a detailed representation of a real Norwegian power plant optimizing the operations and trade for hi...
Measures and scenario studies for emission reduction : CenSES review
Stochastic Modeling of Natural Gas Infrastructure Development in Europe under Demand Uncertainty
We present an analysis of the optimal development of natural gas infrastructure in Europe based on the scenario studies of Holz and von Hirschhausen (2013). We use a stochastic mixed integer quadratic model to analyze the impact of uncertainty about future natural gas consumption in Europe on optima...
Profitability of a Hydro Power Producer Bidding in Multiple Power Markets
The production scheduling of a hydro power producer exposed to the day-ahead, balancing and capacity market is examined to find what profit the producer may achieve by strategically bid in the above mentioned markets. Optimizing the bidding in multiple markets is expected to be increasingly importan...
Hydropower Scheduling Considering Energy and Reserve Capacity Markets : Using a combined SDP/SDDP algorithm
(TR A7558) Balancing Markets and their Impact on Hydropower Scheduling
Optimal medium-term hydropower scheduling considering energy and reserve capacity markets
Print Request Permissions This paper describes a method for optimal scheduling of hydropower systems for a profit maximizing, price-taking, and risk neutral producer selling energy, and capacity to separate and sequentially cleared markets. The method is based on a combination of stochastic dynamic ...
Modeling start/stop in short-term multi-market hydropower scheduling
We present a hydropower scheduling model for coordinated trade in the day-ahead and balancing market with alternative ways to represent generator start/stop decisions. A case study on a branch of a Norwegian water course is conducted, with analysis going in two directions: how does the start/stop fe...