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Water values in future power markets

Water values in future power markets

Kategori
Del av bok/rapport
Sammendrag
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 these through numerical computations. We find that the water values are more sensitive to changes in the reservoir level when considering sales of both energy and reserve capacity compared to the energy-only case.
Oppdragsgiver
  • Norges forskningsråd / 228731
Språk
Engelsk
Institusjon(er)
  • SINTEF Energi AS / Energisystemer
År
2017
Forlag
IEEE Press
Bok
12th IEEE Power and Energy Society PowerTech Conference PowerTech Manchester 2017
ISBN
978-1-5090-4238-8