Operations Planning of a Hydro Producer Acting as a Price-Maker in an Electricity Market

• Type: Article in International Conference Proceedings Book
• Date: 2012

Authors

Pousinho, HMI (Author) Other; Contreras, J (Author) Other; Catalao, JPS (Author) Other

Conference proceedings International

Title: 2012 IEEE POWER AND ENERGY SOCIETY GENERAL MEETING

General Meeting of the IEEE-Power-and-Energy-Society

San Diego, CA, JUL 22-26, 2012

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 8 Citations

Other information

Authenticus ID: P-002-EGY

DOI: 10.1109/pesgm.2012.6343941

Abstract (EN): Renewable energy integration is gradually increasing in several European countries, such as Portugal and Spain, aiming to reduce emissions in power system operations. Particularly, significant investments in hydro energy systems are envisaged in Portugal, representing a secure and reliable energy source towards sustainable development. Additionally, a pool market structure implies that producers should aim at maximizing profits on a day-ahead basis. Usually, hydro power producers have been considered as price-takers, accepting the price signal as input data. Instead, a MILP approach is provided in this paper to determine the operations planning of a hydro producer acting as a price-maker in a day-ahead electricity market. A realistic case study is presented, based on a hydro energy system in cascaded configuration characterized by spatial-temporal interdependency between reservoirs, in order to thoroughly evaluate the expertise of the proposed approach.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 7