Multi-horizon Modeling in Hydro Power Planning
| Type of publication: | Article |
| Citation: | |
| Journal: | Energy Procedia |
| Volume: | 87 |
| Year: | 2016 |
| Pages: | 2 - 10 |
| Note: | 5th International Workshop on Hydro Scheduling in Competitive Electricity Markets |
| ISSN: | 1876-6102 |
| URL: | http://www.sciencedirect.com/s... |
| DOI: | 10.1016/j.egypro.2015.12.351 |
| Abstract: | Abstract In this paper, a novel modeling framework is proposed, the multi-horizon modeling approach. This approach allows a very detailed and transparent modeling of many problems in hydro power planning by simultaneously being computationally very efficient. The model is applied to a complex pumped storage hydro power plant in a liberalized market environment in order to give decision support for the self-scheduling of it. The modeling framework is compared to three alternative state-of-the-art modeling approaches. The results suggest that multi-horizon models are especially valuable for the modeling of hydro power plants with different types of reservoirs. |
| Keywords: | stochastic dual dynamic programming |
| Authors | |
| Added by: | [] |
| Total mark: | 0 |
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