A stochastic model for the daily coordination of pumped storage hydro plants and wind power plants

Maria Vespucci (), Francesca Maggioni (), Maria Bertocchi () and Mario Innorta ()

Annals of Operations Research, 2012, vol. 193, issue 1, 105 pages

Abstract: We propose a stochastic model for the daily operation scheduling of a generation system including pumped storage hydro plants and wind power plants, where the uncertainty is represented by the hourly wind power production. In order to assess the value of the stochastic modeling, we discuss two case studies: in the former the scenario tree is built so as to include both low and high wind power production scenarios, in the latter the scenario tree is built on historical wind speed data covering a time span of one and a half year. The Value of the Stochastic Solution, computed by a modified new procedure, shows that in scenarios with low wind power production the stochastic solution allows the producer to obtain a profit which is greater than the one associated to the deterministic solution. In-sample stability of the optimal function values for increasing number of scenarios is reported. Copyright Springer Science+Business Media, LLC 2012

Keywords: Pumped storage hydro plants; Uncertain wind power production; Operation scheduling; Stochastic programming (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (5)

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DOI: 10.1007/s10479-010-0756-4

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