2017
DOI: 10.1049/iet-gtd.2017.0903
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Detailed long‐term hydro‐thermal scheduling for expansion planning in the Nordic power system

Abstract: Abstract:The authors describe a method for long-term hydro-thermal scheduling allowing treatment of detailed large-scale hydro systems. Decisions for each week are determined by solving a two-stage stochastic linear programming problem considering uncertainty in weather and exogenous market prices. The overall scheduling problem is solved by embedding such two-stage problems in a rolling horizon simulator. The method is verified on data for the Nordic power system, studying the incremental changes in expected … Show more

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Cited by 41 publications
(47 citation statements)
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“…The objective of this paper is to compare the results from two stochastic dynamic optimization models with different methodological approaches for the simulation of the power system. Previous research compared the models for the Nordic region in 2020 [2]. This paper expands the analysis to Europe in 2050 and a power system with very high shares of wind and solar resources in the production portfolio.…”
Section: Objectivementioning
confidence: 97%
See 1 more Smart Citation
“…The objective of this paper is to compare the results from two stochastic dynamic optimization models with different methodological approaches for the simulation of the power system. Previous research compared the models for the Nordic region in 2020 [2]. This paper expands the analysis to Europe in 2050 and a power system with very high shares of wind and solar resources in the production portfolio.…”
Section: Objectivementioning
confidence: 97%
“…A potential future power system in Europe is analysed by two stochastic optimisation and power market simulators, EMPS [3] and SOVN [2]. Both models maximize the expected total economic surplus in the simulated system through the dispatch of generation, given a consumption profile and transmission constraints.…”
Section: Modelsmentioning
confidence: 99%
“…Storage capacity is distributed between a large number of reservoirs and the flexibility is limited by many physical and judicial constraints. A hydrothermal market model combining simulation and formal optimization was implemented as described in [10] to analyze the costs and benefits for the system in this new market context. An early version of the model applied to an aggregate representation of hydro storages was presented in [11].…”
Section: Hydrothermal Market Modelmentioning
confidence: 99%
“…This paper describes briefly a new hydrothermal market simulation model [10] in Section II, focusing on how snow storage information can be modeled in Section III. In Section IV we estimate the benefit for the Nordic power system of using detailed snow storage information in Norway.…”
Section: Introductionmentioning
confidence: 99%
“…The prototype model SOVN (Stochastic Optimization model with individual water values and net restrictions) is a candidate for such studies [26]. This study uses one scenario for the future European power system.…”
mentioning
confidence: 99%