Next Article in Journal
Internal Force Response of a Pile in an Inhomogeneous Temperature Field
Next Article in Special Issue
Assessment of Future Whole-System Value of Large-Scale Pumped Storage Plants in Europe
Previous Article in Journal
A Quantitative Risk Analysis Method for the High Hazard Mechanical System in Petroleum and Petrochemical Industry
Previous Article in Special Issue
Extension of Operating Range in Pump-Turbines. Influence of Head and Load
Open AccessArticle

Value-Creation Potential from Multi-Market Trading for a Hydropower Producer

SINTEF Energy Research, 7034 Trondheim, Norway
SINTEF Technology and Society, 7034 Trondheim, Norway
Author to whom correspondence should be addressed.
Energies 2018, 11(1), 16;
Received: 13 November 2017 / Revised: 15 December 2017 / Accepted: 19 December 2017 / Published: 22 December 2017
(This article belongs to the Special Issue Hydropower 2017)
We study a hydropower producer’s potential for value-creation from multi-market trading given the price variations in the markets and the flexibility provided through access to hydro reservoirs. We use a perfect foresight optimization model for a price-taking hydropower producer co-optimizing his trades in the day-ahead, intra-day and balancing markets. The model is used on real market data from Norway, Sweden and Germany. The study shows a theoretical potential for added value when selling energy in multiple markets relative to optimal day-ahead sale. Most of this value is achievable also when the perfect foresight is limited to the period from day-ahead bidding until operation. Flexible production plants achieve the largest relative added values for multi-market sales, and has the largest benefit from a long horizon with perfect foresight. View Full-Text
Keywords: hydropower; multi-market; case study; optimization; trading hydropower; multi-market; case study; optimization; trading
Show Figures

Figure 1

MDPI and ACS Style

Fodstad, M.; Aarlott, M.M.; Midthun, K.T. Value-Creation Potential from Multi-Market Trading for a Hydropower Producer. Energies 2018, 11, 16.

Show more citation formats Show less citations formats
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

Back to TopTop