Abstract
This paper presents a new methodology to maximise the income and derive the optimal end of day storage of closed-loop and daily-cycle pumped-storage hydropower plants. The plants participate in the day-ahead energy market as a price-taker and in the secondary regulation reserve market as a price-maker, in the context of the Iberian electricity system. The real-time use of the committed reserves is considered in the model formulation. The operation of the plants with the proposed methodology is compared to the ones that use an end of day storage of an empty reservoir or half of the storage capacity. Results show that the proposed methodology increases the maximum theoretical income in all the plants analysed both if they only participate in the day-ahead energy market and if they also participate in the secondary regulation service. It is also shown that the increase in the maximum theoretical income strongly depends on the size of the plant. In addition, it is proven that the end of day storages change notably in the new reserve-driven strategies of pumped-storage hydropower plants and that the proposed methodology is even more recommended if the secondary regulation service is considered.
Highlights
Closed-loop and daily-cycle pumped-storage hydropower plants (PSHPs)
In order to maximize the income of the PSHP under the mentioned strategy, the upper reservoir usually starts every day at 0:00 hours empty and finishes the day in the same conditions to fulfil the daily-cycle
To obtain the maximum theoretical income (MTI) throughout 2014, the model was run, day by day, over the 365 days of the year to: (1) prove that the proposed methodology with a look-ahead period to derive the end of day storage is feasible for realistic PSHPs described in Section 3.1; (2) quantify the extent to which the proposed methodology with a look-ahead period can enlarge the MTI with respect to strategies without look-ahead period; and (3) quantify the extent to which the participation, with the proposed methodology, in the day-ahead energy market (DM) and the secondary regulation service (SRS), can enlarge the MTI with respect to the participation only in the DM
Summary
Closed-loop and daily-cycle pumped-storage hydropower plants (PSHPs) A daily-cycle pumped-storage hydropower plant is able to empty and refill the upper reservoir in less than 24 h.) have been traditionally operated by the so-called price-arbitrage strategy [1]. In order to maximize the income of the PSHP under the mentioned strategy, the upper reservoir usually starts every day at 0:00 hours empty (to pump water and store energy at night) and finishes the day in the same conditions to fulfil the daily-cycle. In the past years, several publications have proposed the PSHPs to participate in other markets and services, apart from the day-ahead energy market, in order to enlarge their income: in the secondary regulation service [3], in the tertiary
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
