Risk-Averse Hydropower Planning for Bidding into Sequential Electricity Markets 2022 (English)In: 2022 IEEE Conference on Control Technology and Applications, CCTA 2022, IEEE, 2022, p. 151-158Conference paper, Published paper (Refereed)

Abstract [en]

We consider the problem faced by a hydropower plant owner who sells electricity on the spot and balancing power markets. We allow for risk sensitivity and consider the setting of a single power plant connected to a reservoir with a stochastic inflow. Our results indicate that risk-aversion tends to shift trading towards the less risky day-ahead market.

Place, publisher, year, edition, pages

IEEE, 2022. p. 151-158

Series

Control Technology and Applications (CCTA), ISSN 2768-0762, E-ISSN 2768-0770

Keywords [en]

Hydroelectric power, Hydroelectric power plants, Power markets, Balancing power market, Day ahead market, Hydropower planning, Hydropower plants, On the spots, Risk averse, Risk aversion, Risk sensitivity, Spot power market, Stochastic inflows, Stochastic systems

National Category

Electrical Engineering, Electronic Engineering, Information Engineering

Research subject

Physics, Electrotechnology

Identifiers

URN: urn:nbn:se:lnu:diva-122909DOI: 10.1109/CCTA49430.2022.9966026Scopus ID: 2-s2.0-85144594532ISBN: 9781665473385 (electronic)ISBN: 9781665473392 (print)OAI: oai:DiVA.org:lnu-122909DiVA, id: diva2:1776912

Conference

2022 IEEE Conference on Control Technology and Applications, CCTA 2022, Trieste 23-25 August 2022

Available from: 2023-06-28 Created: 2023-06-28 Last updated: 2024-06-28Bibliographically approved

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Authority records

Marcial, AlexanderPerninge, Magnus

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Marcial, AlexanderPerninge, Magnus

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Department of Physics and Electrical Engineering

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Electrical Engineering, Electronic Engineering, Information Engineering

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