Denne oppgaven har forsøkt, ved hjelp av SINTEFs SHARM-modell, å finne betingelser hvor en stokastisk fremgangsmåte for produksjonsplanlegging av vannkraft vil gi målbare fordeler fremfor en deterministisk fremgangsmåte. En ...

A stochastic programming model for a price-taking, profit-maximizing hydropower producer participating in the Nordic day-ahead and balancing market is developed and evaluated by backtesting over 200 historical days. We ...

Power producers with flexible production systems such as hydropower may sell their output in the day–ahead and balancing power markets. We present how the coordination of trades across multiple markets may be described as ...

We present a literature survey and research gap analysis of mathematical and statistical methods used in the context of optimizing bids in electricity markets. Particularly, we are interested in methods for hydropower ...

This work investigates the cost of delivering different types of balancing reserves from a simple hydropower reservoir system. In addition to delivering energy, the fast ramping characteristics of hydropower units makes ...

In this paper, we show how progressive hedging may be used to solve stochastic programming problems that involve cross-scenario inequality constraints. In contrast, standard stochastic programs involve cross-scenario ...

Hydropower producers participate in electricity markets by providing bids in market auctions, typically day-ahead. Making good bids that obey all market rules and consider uncertain prices for large, interconnected hydropower ...

Modern power markets often consist of a series of sequential markets where power is traded. Market agents must coordinate their trading strategy across all markets. In this paper, we formulate the mult-market bidding problem ...