Algorithmic Development and Industrial Applications of Short-term Hydro Scheduling in the Nordic Power Market

This paper summarizes the algorithmic development and industrial applications of short-term hydro scheduling (STHS) in the Nordic power market. It focuses on the modeling techniques and solution methodologies applied to solve new challenges related to the large-scale integration of non-dispatchable renewable energy in the electric power system. Three optimization and simulation tools developed for STHS are presented. The tools are widely used in the Nordic hydropower industry and are part of business-critical daily scheduling, trading, and energy management operations.