Optimization; Market Simulation; Hydropower; Flexible production
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, Dresden, GermanyIEEE, US.
(2017), Hydropower Operation in a Changing Market Environment – A Swiss Case Study
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SchumannRené (2016), Automatic Configuration of Hybrid Mathematical Models, in Proceedings of the 18th International Configuration Workshop within CP 2016 Conference
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Barry Michael, Schillinger Moritz, Weigt Hannes, Schumann René (2016), Configuration of Hydro Power Plant Mathematical Models, in 4th D-A-CH Conference, EI 2015, Karlsruhe, Germany, November 12-13, 2015, Proceedings
Barry Michael, Hediger Werner, Romerio Franco, Schillinger Moritz, Schumann René, Voegeli Guillaume, Weigt Hannes (2015), The Future of Swiss Hydropower - A Review on Drivers and Uncertainties
, Social Science Electronic Publishing, Rochester, NY.
Barry Michael, Abgottspon Hubert, Schumann René, Solver Tuning and Model Configuration, in Proceedings of the 41st German Conference on Artificial Intelligence (KI 2018)
, BerlinSpringer International Publishing, Heidelberg.
With more than 50% of total electricity generation hydropower plays an important role in the energy production of Switzerland, and it will do so in the future. However, due to the market developments in recent years HP companies face several challenges: a) the increased share of renewables leads to price reductions and changed production profiles of conventional plants (merit order effect and back-up discussion), b) the volatile nature of renewables increases the importance of reserve/balancing and system stability aspects, and c) the European market liberalization has led to increased competition across national borders and new market and trading alternatives for energy companies. To successfully implement the Energy Strategy 2050 sufficient investments are required, that needs to be financed by the operation. Thus, production needs to become more flexible to cope with the increased volatility of the market. The aim of this project is to provide modeling tools and insights how HP operation can account for those challenges by extending the existing approaches to account for different trading alternatives and market segments like future markets, the energy spot-market, or the reserve capacity market while at the same time include the technical and socio-economic constraints on the plant operation. This will be done for single and cascading hydropower plants. Also we will provide a methodology and tooling for the economic assessment of upcoming HP techniques that can increase efficiency or flexibility of HP production.This information will help the Swiss hydropower industry, to increase their profitability and therefore support the goals of the Energy Strategy 2050, and increase their competitive situation in the European energy market.