no code implementations • 7 Apr 2023 • Bing Huang, Arezou Ghesmati, Yonghong Chen, Ross Baldick
To provide a practical solution to the daily operation of a PSHU in a single day look-ahead commitment (LAC) and real-time market, this paper proposes two pumped storage hydro (PSH) models that only use probabilistic price forecast to incorporate uncertainties and manage risks in the LAC and real-time market operation.