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Optimal medium-term hydropower scheduling considering energy and reserve capacity markets

Optimal medium-term hydropower scheduling considering energy and reserve capacity markets

Kategori
A Artikler i internasjonale vitenskapelige tidsskrifter med referee
Sammendrag
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 programming (SDP) and stochastic dual dynamic programming (SDDP), and treats inflow to reservoirs and prices for energy and capacity as stochastic variables. The proposed method is applied in a case study for a Norwegian watercourse, quantifying the expected changes in schedules, and water values when going from an energy-only market to a joint treatment of energy and reserve capacity markets.
Språk
Engelsk
År
2016
Publisert i
IEEE Transactions on Sustainable Energy
ISSN
1949-3029
Vol/hefte
7(3)
Side(r)
934-942
Publikasjons-id
CRIStin 1309706