A Stochastic Decision Support System for generation and trading of electric energy in France.
Type
consulting project
Start Date
October 1, 2003
End Date
December 31, 2003
Status
completed
Keywords
stochastic optimization
long-term planning
hydro-thermal generation
take-or-pay contracts
unit outages
Description
For a major French power producer, the basic version of a Stochastic Decision Support System had been adapted in order to model the generation system's characteristics adequately and to incorporate relevant features of a benchmark system. By means of a multistage stochastic programming methodology, long-term planning results concerning power generation and contract trading -- in the presence of multiple uncertainties like e.g. natural inflows, spor price or unit outages -- were achieved.
Leader contributor(s)
Member contributor(s)
Ostermaier, Georg
Funder
Division(s)
Eprints ID
7273