Strategic bidding of ancillary services for a hydro power producer

Agent-Based Models in Electricity Markets: A Literature Review

“…Reference [13] concluded that agents have learning capabilities and MIBEL needs accurate hydropower model. An ABM is designed in [41] to study the strategic behavior of hydropower plants. The analysis on Swiss system showed that it would be beneficial for them to act strategically however, that would not happen in practice.…”

Optimized Offers for Cascaded Hydroelectric Generators in a Market With Centralized Dispatch

“…Faria and Fleten [10] expand this by allowing the hydroelectric generator to adjust its day-ahead schedule in the real-time market to correct infeasibilities or suboptimality caused by incorrect day-ahead forecasts. Kazempour et al [11], [12], Ahmadi et al [13], and Abgottspon and Andersson [14] expand upon these works by modeling self scheduling of energy and ancillary services.…”

Medium-term scheduling of a hydropower plant participating as a price-maker in the automatic frequency restoration reserve market

“…The first attempts to compute the water value in a deregulated electricity market considered only the sales of electricity in the EM were [12] and [13]. To the best of our knowledge, the work presented in [14] was the first one considering other markets different from the day-ahead electricity market in the medium-term generation scheduling of a hydropower plant. The authors of [14] considered the secondary load-frequency control (or automatic frequency restoration reserve) market operated by the Swiss TSO Swissgrid in the medium-term generation scheduling of a large open-loop pumped-storage power plant.…”

“…To the best of our knowledge, the work presented in [14] was the first one considering other markets different from the day-ahead electricity market in the medium-term generation scheduling of a hydropower plant. The authors of [14] considered the secondary load-frequency control (or automatic frequency restoration reserve) market operated by the Swiss TSO Swissgrid in the medium-term generation scheduling of a large open-loop pumped-storage power plant. According to the results obtained in [14], considering the secondary load-frequency control market operated by Swissgrid for the computation of the water value would have a minor impact on the power plant profit.…”

“…The authors of [14] considered the secondary load-frequency control (or automatic frequency restoration reserve) market operated by the Swiss TSO Swissgrid in the medium-term generation scheduling of a large open-loop pumped-storage power plant. According to the results obtained in [14], considering the secondary load-frequency control market operated by Swissgrid for the computation of the water value would have a minor impact on the power plant profit. The secondary load-frequency market of Swissgrid was later considered in [15] and [16] to compute the water value of a small hydropower system with pumping capacity.…”