The Brazilian power-market design features were based on the system's physical and
economic characteristics in the'90s. However, some of the approximations and assumptions …

The multistage solution is very important to achieve optimal hydrothermal economic dispatch
considering the uncertainty of renewable energy sources. In data-driven settings, only some …

This work investigates and improves methodology for approximating hydropower systems by
feasibility spaces, which can be embedded in the stochastic dual dynamic programming …

We provide a tutorial-type review on stochastic dual dynamic programming (SDDP), 4 as
one of the state-of-the-art solution methods for large-scale multistage stochastic programs …

Abstract The Optimal Power Flow (OPF) problem is integral to the functioning of power
systems, aiming to optimize generation dispatch while adhering to technical and operational …

In many oil-and natural gas-producing countries, fuels are allocated to the electricity sector
at administratively set prices below international market prices for domestic policy reasons …

The intermittent nature of wind generation combined with the well-known volatility of
electricity spot prices expose Wind Power Companies (WPCs) committed to long-term …

Power generation planning for real large-scale systems is a complex multistage stochastic
problem, which requires modeling approximations for the representations of system …

Modeling large energy systems requires different forms of simplifications and aggregations.
This is especially true for large hydropower systems. One way to simplify the modeling of …

Simulating long-term hydrothermal bid-based markets considering strategic agents is a
challenging task. The representation of strategic agents considering inter-temporal …