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