Risk Constrained Short Term Hydro Scheduling using Two Point estimate method and conditional value at risk

Abstract

This paper presents application of Two Point estimate method to build a risk constrained model for generating optimal bids of hydro power plants in deregulated environment. Hydro Generation Company is considered as a price taker. Market prices are stochastic in nature and have been considered as exogenous variables. The objective is to find practically… (More)

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