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Medium-Term Operational Planning for Hydrothermal Systems

In: Handbook of Risk Management in Energy Production and Trading

Author

Listed:
  • Raphael E. C. Gonçalves

    (Université de Montréal
    École Polytechnique de Montréal)

  • Michel Gendreau

    (Université de Montréal
    École Polytechnique de Montréal)

  • Erlon Cristian Finardi

    (Universidade Federal de Santa Catarina - UFSC
    Laboratório de Planejamento de Sistemas de Energia Elétrica - LabPlan, EEL, CTC, UFSC)

Abstract

The planning of operations of hydrothermal systems is, in general, divided into coordinated steps which focus on distinct modeling details of the system for different planning horizons. The medium-term operation planning (MTOP) problem, one of the operation planning steps and the focus of this chapter, aims at defining weekly generation for each power plant with the minimum expected operational cost over a specific planning horizon, with regard especially to the uncertainties related to reservoir inflows. Consequently, it is modeled as a stochastic problem and solving it requires the use of multistage stochastic optimization algorithms. In this sense, the objective of this chapter is to discuss the problem features, its particularities, and its importance in the overall operational planning. The stochastic methods usually used to solve this problem and some applications are also presented.

Suggested Citation

  • Raphael E. C. Gonçalves & Michel Gendreau & Erlon Cristian Finardi, 2013. "Medium-Term Operational Planning for Hydrothermal Systems," 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 129-155, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-9035-7_6
    DOI: 10.1007/978-1-4614-9035-7_6
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