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http://hdl.handle.net/11531/68054| Título : | Economic impact of forecasting errors in residual reserve curves in the day-ahead scheduling of pumped storage plants |
| Autor : | Chazarra Jover, Manuel Pérez-Díaz, Juan I. García González, Javier Helseth, Arild |
| Fecha de publicación : | 18-jun-2017 |
| Editorial : | Institute of Electrical and Electronics Engineers Power and Energy Society; University of Manchester (Mánchester, Reino Unido) |
| Resumen : | The economic impact of forecasting errors in the residual demand curves of the secondary regulation reserve market is analysed in the context of the operation of a closed-loop and daily-cycle pumped-storage hydropower plant. The plant participates in the day-ahead energy market as a price-taker and in the secondary regulation reserve market as a price-maker. The secondary regulation energy due to the real-time use of the committed reserves is also considered in the optimization model. The results show that profit is significantly more sensitive to forecast errors in the day-ahead energy market prices than in the residual demand curves of the secondary regulation reserve market. The economic impact of forecasting errors in the residual demand curves of the secondary regulation reserve market is analysed in the context of the operation of a closed-loop and daily-cycle pumped-storage hydropower plant. The plant participates in the day-ahead energy market as a price-taker and in the secondary regulation reserve market as a price-maker. The secondary regulation energy due to the real-time use of the committed reserves is also considered in the optimization model. The results show that profit is significantly more sensitive to forecast errors in the day-ahead energy market prices than in the residual demand curves of the secondary regulation reserve market. |
| Descripción : | Capítulos en libros |
| URI : | http://hdl.handle.net/11531/68054 |
| Aparece en las colecciones: | Artículos |
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| Fichero | Descripción | Tamaño | Formato | |
|---|---|---|---|---|
| IIT-17-126A.pdf | 378,18 kB | Adobe PDF | Visualizar/Abrir Request a copy |
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