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Optimal scheduling of a hydro basin in a pool-based electricity market with consideration of transmission constraints

descriptionPublicationkeyboard_double_arrow_right Article , Journal 01 Feb 2016 Italy Publisher:Elsevier BVJournal:Electric Power Systems Research, volume 131, pages 255-263 (issn: 0378-7796,

Authors: CASTRONUOVO, EDGARDO DANIEL; Hermida, Gloria; GHOLAMI, MAJID; BOVO, CRISTIAN; BERIZZI, ALBERTO;

doi: 10.1016/j.epsr.2015.10.023

handle: 11311/995961

Optimal scheduling of a hydro basin in a pool-based electricity market with consideration of transmission constraints

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Abstract

Abstract The effect of flexible hydropower management on prices is a topic widely studied in research and economic analysis. However, the influence of transmission constraints and zonal prices on optimal hydro dispatching has not been highly considered in the literature. In the present study, an iterative algorithm for calculating the optimal bids of hydro plants in a basin is proposed, considering the fundamental influence of these plants in regions when transmission lines are congested and can affect zonal prices. The results show the efficiency of the algorithm and modifications in positioning of hydro plants in the market.

Country

Italy

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Keywords

Electricity market; Hydro generation; Hydropower plants; Optimization; Short-term planning; Energy Engineering and Power Technology; Electrical and Electronic Engineering

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