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Comparing Sampling Stochastic Dynamic Programming with standard water value calculation on typical Nordic hydro systems

Abstract

Results from testing of the sampling stochastic dynamic programming (SSDP) methodology on long term hydropower schedul-ing problems compared with stochastic dynamic programming (SDP) was presented. Previous studies have shown promising results using SSDP on similar problems. A main difference between the methods is how uncertainty is represented. The SSDP method has been implemented and tested on aggregated regions from the Norwegian hydropower system. We have in this study not found one method to consistently outperform the other.

Category

Academic lecture

Client

  • Research Council of Norway (RCN) / 245269

Language

English

Affiliation

  • SINTEF Energy Research / Energisystemer

Presented at

International Workshop on Hydro Scheduling in Competitive Electricity Markets

Place

Stavanger

Date

12.09.2018 - 14.09.2018

Organizer

SINTEF Energi

Year

2018

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