Abstract
Pumped storage hydropower plants can contribute to a better integration of intermittent renewable energy and to balance generation and demand in real time by providing rapid-response generation. In order to invest in a new pumped storage plant, it is necessary to assess carefully the profitability of the project as the recovery of investment costs could be jeopardised by many factors. Apart from participating in the day-ahead market, ancillary services can also play an important role when determining the incomes. The aim of this paper is to make a preliminary comparison of pumped storage plant's market incomes with and without ability to regulate power in pumping mode through variable speed technology. A deterministic mixed-integer programming model is proposed to calculate power bids for the day-ahead and secondary regulation markets. The model considers the hourly day-ahead and secondary reserve market prices as well as usage and prices of secondary regulation-up and down energy requested by the Spanish System Operator.
Sign-in/Register to access full text options 
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.
