Assessing the Cost of the Hazard-Decision Simplification in Multistage Stochastic Hydrothermal Scheduling

Hydropower is one of the world’s primary renewable energy sources whose usage has profound economic, environmental, and social impacts. We focus on the dispatch of generating units and the storage policy of hydro resources. In this context, an accurate assessment of the water opportunity-cost is cru- cial for driving the sustainable use of this scarce … Read more