Profit Maximization of a Hydro Producer in a Day-
Ahead Energy Market and Ancillary Service Markets
Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar*Presenting autor
What was the the goal of this work?
• To see how liberalization of electricty market and ancillary services markets affects the profit of HPP Vinodol
What has been done
• Mathematical model of studied HPS Vinodol is formulated
• Ancillary services markets are formulated:– 10 minute spinning reserve market– Regulation Market
• Case Study is done to give an insight to a reader (one set of input data)
What has been done
• HPP Vinodol participates in:– Day-ahead auction market: energy and
ancillary services
• Accent is on flexible mathematical model and on market organization
Hydropower system Vinodol
Something about model
Something about model
Input data
Results
What should be done
• Take into account longer time horizon
• Scenario analysis should be done (more than one set of input data)
• Taking into account constrainng risk of financial losses