Electric Power Systems

7

Optimal Self-Schedule of a Hydro Producer under Uncertainty

F. Javier Díaz

Javier Contreras

7.1    Introduction

Hydroelectric Unit Commitment Problem • Bidding Strategies in the Day-Ahead Market • The Variable Head Problem in Hydroelectric Systems

7.2    Development of an Optimization Model for Hydroelectric Operation

Introduction • Hydroelectric Power Production Function • Technical Efficiency of the Generating Units as a Function of the Net Head and the Water Discharge • Constraints on the Hydroelectric Generation System • Measures ofRisk: VaR and CVaR • Objective Function: Profit Maximization and CVaR-Based Profit Maximization • Strategy for Solving the Hydroelectric Operation Scheduling Problem

7.3    Case Study: Hydroelectric Operation ...