Evaluating Hydro Project Benefits with the POWRSYM Production Cost Model

by Richard L. Mittelstadt, Corps of Engineers, Portland, United States,



Document Type: Proceeding Paper

Part of: Waterpower '91: A New View of Hydro Resources

Abstract:

The contribution that a hydro peaking project or pumped-storage project makes to reducing system operating costs can be determined only by modeling the project's operation in the power system. This paper describes POWRSYM, a chronological hourly production cost model that is well-suited to the evaluation of peaking projects. Several different ways of simulating hydro projects are described, as well as a number of studies where POWRSYM was used.

Subject Headings: Hydro power | Project management | Power plants | Electric power | Construction costs | Hydrologic models | Energy storage

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