Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
Value of Perfect Information of Spot Prices in the Joint Energy and Reserve Hourly Scheduling of Pumped Storage Plants
Year:2016
Research Areas
  • Complementary services,
  • Programation of short therm generation,
  • Prize predictions,
  • Power-frequency regulation
Information
Abstract
The value of perfect information of the day-ahead energy prices is studied in the context of the operation of a closed-loop and daily-cycle pumped-storage hydropower plant, participating in the spot market as a price-taker and in the secondary regulation reserve market as a price-maker, and also considering the secondary regulation energy due to the real-time use of reserves. Results show that the percentage of the profit loss with respect the maximum theoretical income due to the errors in forecasting the spot prices in the Iberian electricity market decreases if the plant also participates in the secondary regulation service.
International
Si
Congress
13th International Conference on European Energy Market (EEM)
960
Place
Reviewers
Si
ISBN/ISSN
2165-4093
Start Date
06/06/2016
End Date
09/06/2016
From page
1
To page
8
Value of Perfect Information of Spot Prices in the Joint Energy and Reserve Hourly Scheduling of Pumped Storage Plants
Participants
  • Autor: Manuel Joaquin Chazarra Jover (UPM)
  • Autor: Juan Ignacio Perez Diaz (UPM)
  • Autor: Javier García González (Instituto de Investigación Tecnológica)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Hidroinformática y Gestión del Agua
  • Departamento: Ingeniería Civil: Hidráulica, Energía y Medio Ambiente
S2i 2019 Observatorio de investigación @ UPM con la colaboración del Consejo Social UPM
Cofinanciación del MINECO en el marco del Programa INNCIDE 2011 (OTR-2011-0236)
Cofinanciación del MINECO en el marco del Programa INNPACTO (IPT-020000-2010-22)