Publikasjoner og ansvarsområder
Value-Creation Potential from Multi-Market Trading for a Hydropower Producer
We study a hydropower producer’s potential for value-creation from multi-market trading given the price variations in the markets and the flexibility provided through access to hydro reservoirs. We use a perfect foresight optimization model for a price-taking hydropower producer co-optimizing his tr...
Value of Multi-Market Trading for a Hydropower Producer
Coordinated optimization of weekly reserve, day-ahead and balancing energy trade in hydropower
Assessing hydropower operational profitability considering energy and reserve markets
The authors analyse the operational profitability of a hydropower system selling both energy and reserve capacity in a competitive market setting. A mathematical model based on stochastic dynamic programming is used to compute the water values for the system considering different power plant configu...
Water values in future power markets
In this paper we elaborate on how a hydropower producer's expected marginal value of water (water value) is affected when considering both sales of energy and reserve capacity in a liberalized market setting. We derive analytical expressions for the water value in this market context, and verify the...
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...