Optimal response of a hydroelectric power plant with bilateral contracts

Deregulation and liberalization of electric power industry, among other things, has created new requirements for the market participants. The power system engineer, operator, and, in general, the market participant is being faced with requirements for which he does not have adequate training and the...

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Bibliographic Details
Published inMelecon 2010 - 2010 15th IEEE Mediterranean Electrotechnical Conference pp. 237 - 242
Main Authors Mariano, S J P S, Calado, M R A, Ferreira, L A F M
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.04.2010
Subjects
Contracts
electricity market
Electricity supply industry
hydroelectric generators
Hydroelectric power generation
Job shop scheduling
optimisation methods
Optimization methods
Power engineering and energy
Power generation
Power generation economics
Production
Reservoirs
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Summary:Deregulation and liberalization of electric power industry, among other things, has created new requirements for the market participants. The power system engineer, operator, and, in general, the market participant is being faced with requirements for which he does not have adequate training and the proper software tools. In this framework, among others, a pure hydro-generation company has to operate its hydro units, throughout the operating day, trying to fulfill the market clearing schedule or a bilateral contract. This paper addresses the optimal response of a hydroelectric power plant with bilateral contracts in order to maximize its profit from selling energy.
ISBN:9781424457939
1424457939
ISSN:2158-8473
2158-8481
DOI:10.1109/MELCON.2010.5476297