Profit-Based Optimal Operation of a Head-Dependent Hydroelectric Power Station in the Bilateral Market
Profit-Based Optimal Operation of a Head-Dependent Hydroelectric Power Station in the Bilateral Market
摘要
Deregulation and liberalization of electric power industry, among other things, has created new requirements for the market participants. The power system engineer, operator, and, in general, the market participants are being faced with requirements for which they do not have adequate training and the proper software tools. In this framework, among others, a pure hydro-generation company has to operate its hydro units, throughout the operating day, trying to fulfill the market clearing schedule or a bilateral contract, and modify the program in the intra-day energy markets if necessary （or more suitable） as real-time operation is getting closer. In this scenario the objective is to maximize the hydroelectric power plant profit from selling energy in the spot market or by means of bilateral contracts. In this paper the optimal operation of a head-dependent hydroelectric power station in bilateral market-short-term hourly hydro resource scheduling for energy is obtained.
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