Simulation of the optimal programing strategy between different markets of a pure pumping storage plant
Abstract
The increasing incorporation of renewable energies in the electrical system needs
more and more energy storage systems due to their intermittent associated
production. Currently, the industry's state of the art technology is pumping
hydropower, that can be seen as giant batteries, being able to store the excess of
energy in the system when there is not enough demand and act as regulators
balancing the system when needed. For this reason, it is essential to manage this type
of facilities in an optimal way.
This project seeks to obtain, through the formulation of optimization models, the
optimum scheduling of a pumping plant not only for a single market, but for several
electricity markets. The models developed try to replicate the behavior of these
markets as detailed as possible and, as a result, obtain a tool that maximizes the usage
of the plant.
Due to the wide options of market participation that this kind of plant offers, only the
daily and intraday markets have been studied considering all possible options for the
management of the energy reserves that are stored through pumping and turbining.
The results obtained by the developed models have been satisfactory, fulfilling the
proposed objectives. These results show that the optimal management of the plant
depends on several factors, such as taxes, initial and final level of the upper reservoir,
time horizon, market prices, competition in the market, and pump storage plant
characteristics.
Trabajo Fin de Máster
Simulation of the optimal programing strategy between different markets of a pure pumping storage plantTitulación / Programa
Master in the Electric Power IndustryMaterias/ UNESCO
33 Ciencias tecnológicas3322 Tecnología energética
332205 Fuentes no convencionales de energía
53 Ciencias económicas
5312 Economía sectorial
531205 Energía
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