Probabilistic Hydropower Flexibility Valuation: Case Studies for Boating Flow Regime

Conference · Thu May 09 04:00:00 EDT 2024

DOI:https://doi.org/10.1109/GreenTech58819.2024.10520433· OSTI ID:2428964

Sun, Mucun ^[1]; Huang, Jianqiao ^[1]; Lin, Yingqian ^[1]; Gallego Calderon, Juan Felipe ^[1]; , Dave Steindorf ^[2]; Venturino, Jeff ^[2]

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1. Idaho National Laboratory
2. American Whitewater

The optimal scheduling of hydropower generation holds significant importance to power system operation. The unique requirements of environmental constraints and the power system, depending on their respective objectives, demand distinct flow patterns. While power system stakeholders strive to optimize revenue in electricity markets, stakeholders from boating recreation seeks to identify flow ranges that optimize the boating experience. In pursuit of a win-win solution, this study aims to reconcile the interests of various stakeholders in hydropower scheduling. The maximum revenue from day-ahead electricity market is explored through an optimization process considering both plant operation constraints, boating flow constraints, water availability, and market prices. Results of real world case studies at a river in California show that the proposed approach can achieve dual objectives: maximizing market revenue while addressing boating recreation necessities. In addition, as the accuracy of electricity price forecasting and flow forecasting increase, the optimal revenue becomes increasingly advantageous to hydropower plant operators.

• Research Organization: Idaho National Laboratory (INL), Idaho Falls, ID (United States)
• Sponsoring Organization: 17
• DOE Contract Number: AC07-05ID14517
• OSTI ID: 2428964
• Report Number(s): INL/CON-24-76991-Rev000
• Country of Publication: United States
• Language: English

Related Subjects

13 HYDRO ENERGY
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
electricity market
electricity price forecasting
flow forecasting
hydropower flexibility
optimization