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Memorias de investigación
Communications at congresses:
Economic Impact of Forecasting Errors in Residual Reserve Curves in the Day-ahead Scheduling of Pumped Storage Plants
Year:2017
Research Areas
  • Hidraulic stations
Information
Abstract
The economic impact of forecasting errors in the residual demand curves of the secondary regulation reserve market is analysed in the context of the operation of a closed-loop and daily-cycle pumped-storage hydropower plant. The plant participates in the day-ahead energy market as a price-taker and in the secondary regulation reserve market as a price-maker. The secondary regulation energy due to the real-time use of the committed reserves is also considered in the optimization model. The results show that profit is significantly more sensitive to forecast errors in the day-ahead energy market prices than in the residual demand curves of the secondary regulation reserve market.
International
Si
Congress
PowerTech 2017
970
Place
Manchester
Reviewers
Si
ISBN/ISSN
9781509042388
10.1109/PTC.2017.7980795
Start Date
18/06/2017
End Date
22/06/2017
From page
1
To page
6
Economic Impact of Forecasting Errors in Residual Reserve Curves in the Day-ahead Scheduling of Pumped Storage Plants
Participants
  • Autor: Manuel Joaquin Chazarra Jover (UPM)
  • Autor: Juan Ignacio Perez Diaz (UPM)
  • Autor: Javier García González (Universidad Pontificia Comillas)
  • Autor: Arild Helseth (SINTEF Energy Research)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Hidroinformática y Gestión del Agua
  • Departamento: Ingeniería Civil: Hidráulica, Energía y Medio Ambiente
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