Medium-term hydro operation in a competitive electricity market

Barquín Gil, Julián, Centeno Hernáez, Efraim, Malillos Torán, Eugenio

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1999
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Abstract


This paper presents a model to represent medium-term hydro poeration in a deregulated power market. The objective of the model is to maximise the profit for a firm. The system is represented in two different levels: weekly and yearly. Weekly module computes profit as a function of total hydro production of the firm in each week. The yearly module uses this function to obtain the optimal operation that maximises profit.
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Keywords

Instituto de Investigación Tecnológica (IIT), Power systems operation, profit maximisation, medium-term hydrothermal scheduling.