Optimal Hydropower Maintenance Scheduling in Liberalized Markets

Abstract

Maintenance scheduling is an important and complex task in hydropower systems. In a liberalized market, the generation company will schedule maintenance periods to maximize the expected profit. This paper describes a method for hydropower maintenance scheduling suitable for a profit maximizing, price-taking and risk neutral hydropower producer selling energy and reserve capacity to separate markets. The method uses Benders decomposition principle to coordinate the timing of power plant maintenance with the medium-term scheduling of the hydropower system, treating inflow to reservoirs and prices for energy and reserve capacity as stochastic variables. The proposed method is applied in a case study for a Norwegian watercourse, and results, in terms of maintenance schedules and computational performance, are presented and discussed. IEEE

Optimal Hydropower Maintenance Scheduling in Liberalized Markets