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The Influence of Environmental Constraints on the Water Value

Author

Listed:
  • Ignacio Guisández

    (Department of Hydraulic, Energy and Environmental Engineering, Escuela de Ingenieros de Caminos, Canales y Puertos, Technical University of Madrid (UPM), c/ Profesor Aranguren s/n, Madrid 28040, Spain)

  • Juan I. Pérez-Díaz

    (Department of Hydraulic, Energy and Environmental Engineering, Escuela de Ingenieros de Caminos, Canales y Puertos, Technical University of Madrid (UPM), c/ Profesor Aranguren s/n, Madrid 28040, Spain)

  • José R. Wilhelmi

    (Department of Hydraulic, Energy and Environmental Engineering, Escuela de Ingenieros de Caminos, Canales y Puertos, Technical University of Madrid (UPM), c/ Profesor Aranguren s/n, Madrid 28040, Spain)

Abstract

The establishment of more severe hydrological environmental constraints, usually as seasonal minimum flows ( ? ) and maximum ramping rates ( ? ), on hydropower operation is a growing trend. This paper presents a study on the influence of ? and ? on the water values (WV) of a real hydropower plant that participates in the Spanish day-ahead electricity market. For this purpose, a master-slave algorithm , based on stochastic dynamic programming (SDP) and deterministic mixed integer linear programming (DMILP), is used on a real hydropower plant. The master module , based on SDP, has a yearly planning period with weekly time steps and considers three state variables: stored water volume in the reservoir at the beginning of each week; weekly water inflow; and average weekly energy price. The slave module , based on DMILP, has a weekly planning period with hourly time steps and considers many features of the hydropower plant operation, such as: start-up costs, evaporation, wear and tear costs, etc . The results indicate that WV of a hydropower plant are very sensitive to the presence of these constraints; ? especially during the wettest season and ? during the driest one. As the severity of ? and ? increase, WV increase and decrease, respectively.

Suggested Citation

  • Ignacio Guisández & Juan I. Pérez-Díaz & José R. Wilhelmi, 2016. "The Influence of Environmental Constraints on the Water Value," Energies, MDPI, vol. 9(6), pages 1-21, June.
    • Handle: RePEc:gam:jeners:v:9:y:2016:i:6:p:446-:d:71744
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    References listed on IDEAS

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    Cited by:

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