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dc.contributor.authorbrelin, sebastian
dc.contributor.authorLien, Morten Adrian
dc.contributor.authorFleten, Stein-Erik
dc.contributor.authorKeppo, Jussi
dc.contributor.authorPichler, Alois
dc.date.accessioned2019-04-11T11:58:48Z
dc.date.available2019-04-11T11:58:48Z
dc.date.created2019-01-20T23:05:32Z
dc.date.issued2018
dc.identifier.citationThe International Workshop on Hydro Scheduling in Competitive Markets: Proceedings of the 6th International Workshop on Hydro Scheduling in Competitive Electricity Marketsnb_NO
dc.identifier.isbn978-3-030-03310-1
dc.identifier.urihttp://hdl.handle.net/11250/2594262
dc.description.abstractA reservoir manager at a hydropower plant has to decide whether to release water in order to produce electricity, and the level at which to produce. These production levels have different efficiencies as well as other related technical aspects. Often, the plant will produce at the best efficiency point, i.e. release water at a rate that produces the highest amount of electricity per unit of water. We apply a structural estimation approach to a hydropower plant in the Norwegian electricity price zone NO5, in order to discover the managers’ preferences related to the different production levels. We use time series models in order to replicate the managers’ expectations of future conditions. The results show a greater willingness of the manager to produce at levels below than above the best efficiency point, which we argue is mainly due to the increased level of cavitation. They also imply that the reservoir managers’ preferences have changed over time, showing an increased willingness to produce at production levels both above and below the most efficient level.nb_NO
dc.language.isoengnb_NO
dc.publisherSpringer, Chamnb_NO
dc.relation.ispartofCoordinated Hydropower Bidding in the Day-Ahead and Balancing Market
dc.titleImplied Efficiency Curves from Analysis of Operational Patternsnb_NO
dc.typeChapternb_NO
dc.description.versionacceptedVersionnb_NO
dc.source.pagenumber69-75nb_NO
dc.identifier.cristin1661783
dc.relation.projectNorges forskningsråd: 209697nb_NO
dc.description.localcodePublisher embargo applies until November 1, 2019nb_NO
cristin.unitcode194,60,25,0
cristin.unitnameInstitutt for industriell økonomi og teknologiledelse
cristin.ispublishedtrue
cristin.fulltextpreprint
cristin.qualitycode1


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