Risk assessment of optimal firm water and energy supply from hydroelectric plants |
| |
| Authors: | M. Mimikou S. Kanelopoulou |
| |
| Affiliation: | Division of Water Resources, Hydraulic and Maritime Engineering, Civil Engineering Department , Technical University of Athens |
| |
| Abstract: | When developing optimal reservoir operating policies it is desired to specify beneficial and reliable supply levels. The presented pre‐contract study of the operation of a hydroelectric plant concerns the estimation of optimal annual firm water and energy supply levels such that there is a tolerable risk or probability that the contract will be violated and shortages will occur. Control over operational reliability is successfully accomplished by incorporating into the optimization problems stochastic analysis techniques. The stochastic mathematical model employed was successfully applied to the reservoir system of the Palialona hydroelectric plant on the Aliakmon river in northwestern Greece, improving the estimation of the optimal annual release policy. |
| |
| Keywords: | |
|
|
