Observatorio de I+D+i UPM

Memorias de investigación
Communications at congresses:
Evaluating Approaches for Estimating the Water Value of a Hydropower Plant in the Day-Ahead Electricity Market
Year:2018
Research Areas
  • Economic management of the electric energy systems,
  • Hidraulic stations
Information
Abstract
This paper addresses the question of whether the use of complex algorithms, based on mixed integer linear programming, to solve the intrastage decision problems of a stochastic dynamic programming (SDP) based annual scheduling model aimed to calculate the water value of a hydropower plant is a fruitful effort. To this purpose, four 1000-year long simulations using the water value obtained from four different optimisation SDP-based scheduling models (three using mixed integer linear programming to solve the intrastage decision problems and other using linear programming) are compared. The results suggest that the small increase in profit does not make up for the necessary increase in computational time. Nonetheless, the study should be replicated using other hydropower plants and more complicated topologies in order to get more sound conclusions.
International
Si
Congress
6th International Workshop on Hydro Scheduling in Competitive Electricity Markets
960
Place
Stavanger
Reviewers
Si
ISBN/ISSN
978-3-030-03311-8
10.1007/978-3-030-03311-8_2
Start Date
12/09/2018
End Date
13/09/2018
From page
8
To page
15
Proceedings of the 6th International Workshop on Hydro Scheduling in Competitive Electricity Markets
Participants
  • Autor: Ignacio Guisandez Gonzalez (UPM)
  • Autor: Juan Ignacio Perez Diaz (UPM)
Research Group, Departaments and Institutes related
  • Creador: Grupo de Investigación: Hidroinformática y Gestión del Agua
  • Departamento: Ingeniería Civil: Hidráulica, Energía y Medio Ambiente
S2i 2020 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)