Synergetic operation of photovoltaic and hydro power stations on a day-ahead energy market

Jakub Jurasz, Alexander Kies and Pawel Zajac

Energy, 2020, vol. 212, issue C

Abstract: Hydropower has huge potential for a technically feasible and economically justified integration of variable, renewable energy sources with the power system. On the other hand, the operational intricacies of hydropower stations with a reservoir are limited by various constraints. Many previous works addressed the idea of solar-hydro resources complementarity, optimal sizing of such systems or their optimal dispatch. However, no one has ever established such a system in a highly competitive energy market with strongly fluctuating energy prices. Therefore, in this paper, we analyse the potential operation of a photovoltaic-hydro (PV-hydro) hybrid power station on a day-ahead electricity market. Due to its relatively small size such a station can be considered on the market as a price taker.

Keywords: Solar energy; Complementary operation; Energy storage; Forecasting; Bidding uncertainty (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:212:y:2020:i:c:s0360544220317941

DOI: 10.1016/j.energy.2020.118686

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