Optimisation of hydropower operation in a liberalised market with focus on price modelling

2001 IEEE Porto Power Tech Proceedings

Volumn 1, Issue , 2001, Pages 228-233

  Mo, Birger ^a   Gjelsvik, Anders ^a   Grundt, Asbjørn ^b   Kåresen, Kjetil ^c  

^a SINTEF ENERGY RESEARCH   (Norway)

^b Statkraft SF ^*  (Norway)

^c NORWEGIAN COMPUTING CENTER   (Norway)

Author keywords

[No Author keywords available]

Indexed keywords

FINANCIAL HEDGING; FORWARD MARKET; OPTIMAL OPERATION OF HYDROPOWER PLANT; OPTIMISATION MODELS; OPTIMISATIONS; PRICE MODELS; PRICE PROCESS; SIMULATION CAPABILITY; SPOT PRICE MODEL; STOCHASTIC OPTIMIZATIONS;

COMPUTER SIMULATION; COSTS; HYDROELECTRIC POWER; OPTIMIZATION; STOCHASTIC MODELS; STOCHASTIC SYSTEMS;

COMMERCE;

EID: 32344441323     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1109/PTC.2001.964603     Document Type: Conference Paper

References (6)

1. A. Haugstad and O. Rismark, "Price Forecasting in an Open Electricity Market based on System Simulation," in Proc. 1998 SEV-ETH-ZEE Conference EPSOM '98, ETH Zurich, Switzerland, Paper No. 37.
2. O.B. Fosso, A. Haugstad, B.Mo and I. Wangensteen, "Generation Scheduling in a Deregulated System: The Norwegian Case", IEEE Trans. on Power Systems, vol. 14, pp. 75-81, February 1999.
3. nd, 1999, pp. 1079-1085.
4. B. Mo, A. Gjelsvik and A. Grundt, "Integrated risk management of hydro power scheduling and contract management", EEE PE-161 PRS(12-2000).
5. E. S. Schwartz, "The stochastic behaviour of commodity prices: Implications for valuation and hedging", The Journal ofFinance, LII(3), 1997, pp. 923-973.
6. I. Schjølberg and B. Mo, "Extension of price forecasts for hydropower scheduling and risk management tools", to be presented at Hydropower into the new millennium, Bergen, Norway, 20-22 June, 2001.