Scheduling of a hydro producer considering head-dependency, price scenarios and risk-aversion

• Type: Article in International Scientific Journal
• Date: 2012

Authors

Pousinho, HMI (Author) Other; Mendes, VMF (Author) Other; Catalao, JPS (Author) Other

Journal

Title: Energy Conversion and Management

Vol. 56

Pages: 96-103

ISSN: 0196-8904

Publisher: Elsevier

Indexing

ISI Web of Knowledge - 16 Citations

Scopus - 22 Citations

Other information

Authenticus ID: P-002-BW1

DOI: 10.1016/j.enconman.2011.11.020

Abstract (EN): In this paper, a mixed-integer quadratic programming approach is proposed for the short-term hydro scheduling problem, considering head-dependency, discontinuous operating regions and discharge ramping constraints. As new contributions to earlier studies, market uncertainty is introduced in the model via price scenarios, and risk aversion is also incorporated by limiting the volatility of the expected profit through the conditional value-at-risk. Our approach has been applied successfully to solve a case Study based on one of the main Portuguese cascaded hydro systems, requiring a negligible computational time.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 8