Technical Papers
Feb 26, 2019

Simulation-Optimization Model to Derive Operation Rules of Multiple Cascaded Reservoirs for Nash Equilibrium

Publication: Journal of Water Resources Planning and Management
Volume 145, Issue 5

Abstract

Operation rules are commonly used to make decisions for cascaded hydropower reservoirs for profit maximization, given the energy price of current and future periods. For large-scale cascaded hydropower reservoirs whose decisions can affect market price, the operation optimization models are transformed into game models to get Nash equilibriums. For market competition of multiple cascaded hydropower reservoirs, a multiplayer game model is established in which the actions are storage energy based operation rules and the payoff function values are simulated profits of cascades using the rules. The game model is solved using a successive low dimensional search method in which only one parameter of the rules is optimized at each step. The proposed method is tested using data of three cascaded reservoirs in Southwestern China in a hypothetical pure hydropower market. Results show the effect of different kind of models on rule curves and the potential impact of market reformation to the operation of the cascaded hydropower reservoirs. For the studied cascaded reservoirs, the profit increasing percentages can be 2.6%–3.9% with 0.5%–2.0% energy losing, comparing the game model to the energy maximization model.

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Data Availability Statement

The following data, models, or code generated or used during the study are available from the corresponding author by request. (Part of the JAVA code of the proposed method.)

Acknowledgments

The research work described in this paper is supported by the National Nature Science Foundation of China (51679027, 91647113, and 91547201).

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Go to Journal of Water Resources Planning and Management
Journal of Water Resources Planning and Management
Volume 145Issue 5May 2019

History

Received: Jan 25, 2018
Accepted: Oct 10, 2018
Published online: Feb 26, 2019
Published in print: May 1, 2019
Discussion open until: Jul 26, 2019

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Authors

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Associate Professor, Institute of Hydropower and Hydroinformatics, Dalian Univ. of Technology and Key Laboratory of Ocean Energy Utilization and Energy Conservation of Ministry of Education, Dalian 116024, China. Email: [email protected]
Master Student, Institute of Hydropower and Hydroinformatics, Dalian Univ. of Technology, Dalian 116024, China. Email: [email protected]
Chuntian Cheng [email protected]
Professor, Institute of Hydropower and Hydroinformatics, Dalian Univ. of Technology and Key Laboratory of Ocean Energy Utilization and Energy Conservation of Ministry of Education, Dalian 116024, China (corresponding author). Email: [email protected]
Shumin Miao [email protected]
Ph.D. Student, Institute of Hydropower and Hydroinformatics, Dalian Univ. of Technology, Dalian 116024, China. Email: [email protected]
Master Student, Institute of Hydropower and Hydroinformatics, Dalian Univ. of Technology, Dalian 116024, China. Email: [email protected]

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