Inspec keywords: dynamic programming; hydroelectric power; power markets; hydroelectric power stations; pricing; profitability; power generation economics; stochastic programming

Other keywords: mathematical model; reserve markets; power plant configurations; energy markets; reserve capacity prices; energy capacity prices; stochastic dynamic programming; competitive market setting; water value computation; Norwegian hydropower producer; hydropower operational profitability assessment

Subjects: Power system management, operation and economics; Hydroelectric power stations and plants; Optimisation techniques; Energy resources