IDEAS home Printed from https://ideas.repec.org/h/spr/isochp/978-1-4614-9035-7_4.html
   My bibliography  Save this book chapter

Price-Driven Hydropower Dispatch Under Uncertainty

In: Handbook of Risk Management in Energy Production and Trading

Author

Listed:
  • Martin Densing

    (Paul Scherrer Institute)

Abstract

After a review of hydropower optimization models, we focus on price-driven hydropower dispatch models under uncertainty of the electricity price. We present two modeling approaches for pumped-storage plants. In the first model, the water level is constrained in expectation. We discuss the marginal price of water, which is obtained analytically, and influences of price variances. The second model is a multistage stochastic linear program on a scenario tree. Financial risk is constrained by a time-consistent extension of CVaR (conditional-value-at-risk). The model has two time scales: The short-term dispatch decision is separated from the long-term planning by aggregating electricity prices into occupation times at price levels. The risk constraint is tested in a case study.

Suggested Citation

  • Martin Densing, 2013. "Price-Driven Hydropower Dispatch Under Uncertainty," International Series in Operations Research & Management Science, in: Raimund M. Kovacevic & Georg Ch. Pflug & Maria Teresa Vespucci (ed.), Handbook of Risk Management in Energy Production and Trading, edition 127, chapter 0, pages 73-104, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-9035-7_4
    DOI: 10.1007/978-1-4614-9035-7_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paul Adrianus van Baal, 2020. "Effectiveness of a strategic energy reserve during the energy transition: The case of Switzerland," Competition and Regulation in Network Industries, , vol. 21(2), pages 65-90, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isochp:978-1-4614-9035-7_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.