Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets...
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![Page 1: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/1.jpg)
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
![Page 2: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/2.jpg)
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
![Page 3: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/3.jpg)
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)
![Page 4: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/4.jpg)
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
![Page 5: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/5.jpg)
Hydropower system Vinodol
![Page 6: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/6.jpg)
Something about model
![Page 7: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/7.jpg)
Something about model
![Page 8: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/8.jpg)
Input data
![Page 9: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/9.jpg)
Results
![Page 10: Profit Maximization of a Hydro Producer in a Day- Ahead Energy Market and Ancillary Service Markets Perica Ilak*, Slavko Krajcar, Ivan Rajš, Marko Delimar.](https://reader036.fdocuments.us/reader036/viewer/2022083009/5697bf851a28abf838c877f1/html5/thumbnails/10.jpg)
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