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CenSES annual report 2014
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Master students Ellen K. Åsgaard and Gørild Andersen
presented at the BEEER conference in Bergen in May
2014.
A new research project based on this work will be carried
out by researchers in CEDREN and CenSES. The project
aims at learning how hydropower producers should bid
in day-ahead markets that are integrated in a sequence of
balancing markets. This will be achieved by studying opti-
mal behaviour in short-term markets by the use of research
models. The next step will be to extend the detailed hydro-
power scheduling models currently used by the industry
with balancing markets based on the knowledge gained
from the research models. Providing a consistent descrip-
tion of market and in ow uncertainty is a premise for both
these steps.
Styggevatnet, (Photo Vegard Martinsen)