Improvements in VALORE execution: Hourly executions and P48

A. Bello L. Montero G. Marulanda P. Rodilla

May 2023 - December 2023

Funding entity Endesa Medios y Sistemas S.L

The purpose of this project is to improve the quality of forecasts made with VALORE by implementing a chronological hourly execution mode that takes into account temporal couplings, reengineering the optimization process associated with P48, and making modeling improvements regarding renewable energy spills. Additionally, there is a plan to optimize the resources required to size the Cloud containers based on different execution typologies.

Research topics:
• Unit-commitment in electricity markets with high RES penetration
• Short and Medium term hydro and hydrothermal scheduling
• Electricity, natural gas and renewable gases markets models

2023_VALORE-LPM-T2