Coordinated optimization of weekly reserve, day-ahead and balancing energy trade in hydropower
Journal article, Peer reviewed
Published version
Permanent lenke
http://hdl.handle.net/11250/2447547Utgivelsesdato
2017Metadata
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- Institutt for elkraftteknikk [2482]
- Publikasjoner fra CRIStin - NTNU [38484]
Originalversjon
10.1088/1742-6596/813/1/012009Sammendrag
We present a model for optimal trade in a weekly power reserve market under day-ahead and balancing market price uncertainty. The model takes the perspective of a price-taking hydropower producer and a case study for the Norwegian market design and a Norwegian multi-reservoir water course for a winter week is presented. We demonstrate how a bid curve for the reserve market can be established through a sensitivity analysis on reserve prices, and observe that the optimal trade in the succeeding day-ahead and balancing market is highly sensitive to the reserve obligation.