Water values in future power markets
Chapter, Peer reviewed
Accepted version
Permanent lenke
http://hdl.handle.net/11250/2617710Utgivelsesdato
2017Metadata
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Originalversjon
12th IEEE Power and Energy Society PowerTech Conference PowerTech Manchester 2017Sammendrag
In this paper we elaborate on how a hydropower producer's expected marginal value of water (water value) is affected when considering both sales of energy and reserve capacity in a liberalized market setting. We derive analytical expressions for the water value in this market context, and verify these through numerical computations. We find that the water values are more sensitive to changes in the reservoir level when considering sales of both energy and reserve capacity compared to the energy-only case.