Til hovedinnhold

Value-Creation Potential from Multi-Market Trading for a Hydropower Producer

Value-Creation Potential from Multi-Market Trading for a Hydropower Producer

Kategori
Tidsskriftspublikasjon
Sammendrag
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 trades in the day-ahead, intra-day and balancing markets. The model is used on real market data from Norway, Sweden and Germany. The study shows a theoretical potential for added value when selling energy in multiple markets relative to optimal day-ahead sale. Most of this value is achievable also when the perfect foresight is limited to the period from day-ahead bidding until operation. Flexible production plants achieve the largest relative added values for multi-market sales, and has the largest benefit from a long horizon with perfect foresight.
Oppdragsgiver
  • Norges forskningsråd / 243964
Språk
Engelsk
Forfatter(e)
Institusjon(er)
  • SINTEF Energi AS / Energisystemer
  • SINTEF Industri / Bærekraftig energiteknologi
År
2018
Publisert i
Energies
ISSN
1996-1073
Årgang
11
Hefte nr.
1