Prioritized Reliability-Risk$ Optimization for a Hydro-Thermal System CddHoward Consulting Ltd
Abstract
This paper provides a real-world example of a hydro-economic model for risk estimation and impact assessment. Ensembles of forecasted reservoir inflows were used to drive an integrated hydro-thermal two-reservoir stochastic long term economic optimization model. The optimization objective was to minimize long term thermal energy purchases by recommending the best current operating decisions within policies on long-term Risk (probabilistic cost). Risk was determined as a function of Reliability to meet forecasted energy load. Reservoir End of Month Rule Curves Reliability: Thermal Risk and Hydro Revenue
- Publication:
-
AGU Fall Meeting Abstracts
- Pub Date:
- December 2010
- Bibcode:
- 2010AGUFM.H11F0866H
- Keywords:
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- 1808 HYDROLOGY / Dams;
- 1857 HYDROLOGY / Reservoirs;
- 1878 HYDROLOGY / Water/energy interactions;
- 1880 HYDROLOGY / Water management