Multi-horizon Modeling in Hydro Power Planning
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Author / Producer
Date
2016-01
Publication Type
Conference Paper
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yes
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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.
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Publication status
published
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Book title
5th International Workshop on Hydro Scheduling in Competitive Electricity Markets
Journal / series
Volume
87
Pages / Article No.
2 - 10
Publisher
Elsevier
Event
5th International Workshop on Hydro Scheduling in Competitive Electricity Markets
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Methods
Software
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Date created
Subject
Hydro scheduling; Medium-term; Multi-horizon; Stochastic dual dynamic programming