NDLI: A pumped storage hydro unit operation with increasing degrees of market power: Standalone and portfolio integration

Content Provider	IEEE Xplore Digital Library
Author	Teixeira, F. Sousa, J. Faias, S.
Copyright Year	2013
Description	Author affiliation: ISEL - Lisbon Eng. Super. Inst., INESC-ID, Lisbon, Portugal (Sousa, J.; Faias, S.) \|\| Dept. of Electr. Eng. & Autom., ISEL - Lisbon Eng. Super. Inst., Lisbon, Portugal (Teixeira, F.)
Abstract	When a pumped storage hydro (PSH) unit has some degree of market power, its profit maximization strategy may lead to a decrease of storage energy and, therefore, the capacity to integrate wind power may be reduced under these circumstances. However, if the PSH unit is integrated in a generation company (GenCo) that has a portfolio generation with different power plant technologies, the PSH unit operation is considerably changed. To analyze this problem, an optimal weekly scheduling of a PSH unit integrated in a price-maker GenCo is computed. The degree of market power is modeled by the residual inverse demand function with variable elasticity. The achieved results show that in the standalone mode, increasing degrees of market power corresponds to decreasing levels of storage. However, when integrated on a GenCo the situation may be reversed, and therefore, the capacity to integrate wind power may be considerably increased.
Starting Page	1
Ending Page	8
File Size	1222211
Page Count	8
File Format	PDF
ISBN	9781479920082
ISSN	21654093
DOI	10.1109/EEM.2013.6607342
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2013-05-27
Publisher Place	Sweden
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	pumped storage hydro unit wind integration price-maker Elasticity market power Portfolios Day-ahead electricity market
Content Type	Text
Resource Type	Article

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
8	Digital Preservation Centre (DPC)	Assistance with digitizing and archiving copyright-free printed books	dpc@ndl.gov.in
9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

How market power affects the behavior of a pumped storage hydro unit in the day-ahead electricity market?

Optimal scheduling of a pumped storage hydro unit in the day-ahead and secondary reserve electricity market

Multi-market optimal scheduling of a power generation portfolio with a price-maker pumped-storage hydro unit

Optimized daily scheduling of wind-pumped hydro plants for a day-ahead electricity market system

Price-maker strategies of a hydro producer in a day-ahead electricity market

Price-maker wind power producer participating in a joint day-ahead and real-time market

Bidding strategies of the joint wind, hydro, and pumped-storage in generation company using novel improved clonal selection optimisation algorithm

Self-scheduling of a price-taker hydro producer in day-ahead energy and ancillary service markets

Stochastic Price-Based Coordination of Intrahour Wind Energy and Storage in a Generation Company

A pumped storage hydro unit operation with increasing degrees of market power: Standalone and portfolio integration

Similar Documents

How market power affects the behavior of a pumped storage hydro unit in the day-ahead electricity market?

Optimal scheduling of a pumped storage hydro unit in the day-ahead and secondary reserve electricity market

Multi-market optimal scheduling of a power generation portfolio with a price-maker pumped-storage hydro unit

Optimized daily scheduling of wind-pumped hydro plants for a day-ahead electricity market system

Price-maker strategies of a hydro producer in a day-ahead electricity market

Price-maker wind power producer participating in a joint day-ahead and real-time market

Bidding strategies of the joint wind, hydro, and pumped-storage in generation company using novel improved clonal selection optimisation algorithm

Self-scheduling of a price-taker hydro producer in day-ahead energy and ancillary service markets

Stochastic Price-Based Coordination of Intrahour Wind Energy and Storage in a Generation Company

A pumped storage hydro unit operation with increasing degrees of market power: Standalone and portfolio integration