Title: A decision rule approach to medium-term hydropower scheduling under uncertainty
Speaker: Paula Rocha
Affiliation: Department of Computing – Imperial College London
Location: CPSE seminar room (C615 Roderic Hill)
Time: 4:00pm

Abstract. We present a multistage stochastic optimisation model for the medium-term scheduling of a cascaded hydropower system. Electricity spot prices change on a much shorter time scale than the hydrological dynamics of the reservoirs in the cascade. We exploit this property to reduce computational complexity: we partition the planning horizon into hydrological macroperiods, and we account for intra-stage price variability by using price duration curves. Moreover, we restrict the space of recourse decisions to those affine in the observable data, thereby obtaining a tractable approximate problem.

About the speaker.