Short-term Hydropower Planning With Uncertain Wind Power Production
2013 (English)In: Power and Energy Society General Meeting (PES), 2013 IEEE, IEEE conference proceedings, 2013, 6672693- p.Conference paper (Refereed)
The main purpose of this paper is to summarize the findings from simulating two stochastic short-term planning models for a price-taker hydropower producer. The first model is a two-stage stochastic linear programming problem. Profound sensitivity analysis is provided in terms of volatility in spot market prices and water inflow level. The results show that for the short-term hydropower planning problems the effect of considering price uncertainty in the stochastic model is higher compared to considering inflow level uncertainty. The second model is a two- stage stochastic linear programming problem. The model generates optimal bids to spot market considering real-time market price uncertainties. While simultaneously bidding to both markets, the results are not realistic. To make the bidding strategies more flexible and robust different approaches are modeled and assessed. Finally one of the approaches is suggested as the most applicable one.
Place, publisher, year, edition, pages
IEEE conference proceedings, 2013. 6672693- p.
, IEEE Power and Energy Society General Meeting PESGM, ISSN 1944-9925
Hydropower planning, Price takers, Short term planning, Wind power production
Other Electrical Engineering, Electronic Engineering, Information Engineering
IdentifiersURN: urn:nbn:se:kth:diva-134309DOI: 10.1109/PESMG.2013.6672693ISI: 000331874302094ScopusID: 2-s2.0-84893159354ISBN: 978-1-4799-1303-9OAI: oai:DiVA.org:kth-134309DiVA: diva2:665818
2013 IEEE Power and Energy Society General Meeting, PES 2013; Vancouver, BC; Canada; 21 July 2013 through 25 July 2013
QC 201312172013-11-202013-11-202016-09-22Bibliographically approved