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Hydropower planning including trade-off between energy and reserve markets
KTH, Superseded Departments, Electrical Systems.
KTH, Superseded Departments. (Electric Power Systems)ORCID iD: 0000-0002-8189-2420
2003 (English)In: 2003 IEEE Bologna Power Tech Conference Proceedings, 2003, Vol. 1Conference paper (Refereed)
Abstract [en]

An increase of wind power in the Nordic power system increases the need for regulating power because of variations in wind power production. Hydropower is the most likely power source to balance these fluctuations. This affects the power market and increases the demand for planning tools that are taking the extended need of regulating power into account. A short-term hydropower scheduling model has been developed to manage the trade-off between energy and reserve markets. The model is expressed as a stochastic optimization problem, where the objective function is the sum of sales on the spot market, the regulating market and the value of saved water. Constraints are hydrological balance and balance in produced power and traded power on the market.

Place, publisher, year, edition, pages
2003. Vol. 1
Keyword [en]
Nordic power system; energy markets; hydropower planning; linear programming; power regulation; reserve markets; short-term hydropower scheduling model; stochastic optimization problem; wind power production; hydroelectric power stations; optimisation; power generation planning; power generation scheduling; power markets; stochastic processes;
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
URN: urn:nbn:se:kth:diva-52620DOI: 10.1109/PTC.2003.1304117ISBN: 0-7803-7967-5OAI: diva2:467231
2003 IEEE Bologna PowerTech Conference. Bologna, Italy. June 23-26 2003
QC 20111221 NR 20140804Available from: 2011-12-19 Created: 2011-12-19 Last updated: 2012-01-12Bibliographically approved

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Olsson, MagnusSöder, Lennart
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ReferencesLink to record
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