Short-term optimal scheduling of a price-maker hydro producer in a pool-based day-ahead market
Short-term optimal scheduling of a price-maker hydro producer in a pool-based day-ahead market
- Author(s): H.M.I. Pousinho ; J. Contreras ; J.P.S. Catalão
- DOI: 10.1049/iet-gtd.2012.0101
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- Author(s): H.M.I. Pousinho 1, 2 ; J. Contreras 3 ; J.P.S. Catalão 1, 2
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View affiliations
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Affiliations:
1: Department of Electromechanical Engineering, University of Beira Interior, Covilha, Portugal
2: CIEEE, Technical University of Lisbon, Lisbon, Portugal
3: E.T.S. de Ingenieros Industriales, University of Castilla-La Mancha, Ciudad Real, Spain
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Affiliations:
1: Department of Electromechanical Engineering, University of Beira Interior, Covilha, Portugal
- Source:
Volume 6, Issue 12,
December 2012,
p.
1243 – 1251
DOI: 10.1049/iet-gtd.2012.0101 , Print ISSN 1751-8687, Online ISSN 1751-8695
This study proposes a stochastic mixed-integer linear programming approach to maximise the total expected profit of a price-maker Hydro Generating Company. Start-up and shutdown procedures, discrete hydro unit-commitment constraints, ramp rates, minimum and maximum power output constraints, and head effects, are all taken into account in an efficacious way. Uncertainties are modelled considering sets of scenarios to describe the residual demand curves. The proposed approach is successfully applied to a Portuguese hydro system in cascaded configuration. Conclusions are duly drawn.
Inspec keywords: power generation scheduling; integer programming; linear programming; stochastic processes; power markets; hydroelectric power stations
Other keywords:
Subjects: Power system management, operation and economics; Hydroelectric power stations and plants; Optimisation techniques
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