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Seminar - Short-term Stochastic Hydropower Planning in a Competitive Electricity Market Environment, AUA

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July 28, 2015, 18:00 - July 28, 2015, 19:00

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About the Seminar

Short-term hydro power planning and bidding under uncertainty is a complicated task. Within last two decades the problem became more challenging with the liberalized market environment. Apart from this, new reforms take place in the electricity market. The electricity market participants including hydro power producer experienced the second change in the form of intermittent wind power integration into power system. Previous decision support tools, therefore, are not capable to fulfill market participant’s expectations in the competitive and highly uncertain market environment.

Intermittent power sources, namely wind power, increase the imbalances in the power system, which in its turn increases the need of the regulating power sources. Being flexible energy source, hydro power can provide regulating power. For this purpose, new hydropower planning models must be developed capable to address uncertainties and the dynamics existing within market places.

Yelena Vardanyan received her diploma degree (with honors) from the Physics-Mathematics Department at the Gyumri State Pedagogical Institute, Armenia. She then earned her Master’s Degree from the Department of Industrial Engineering and Systems Management at the American University of Armenia in 2007. Yelena worked for almost a year at the Eurasia International University as a Dean of the Economic department.
Yelena currently lives in Stockholm, and is pursuing her PhD from the Electrical Power Systems Division, Royal Institute of Technology, Stockholm, Sweden. Her research focuses on short-term planning of hydropower under uncertain conditions.
Yelena is an active member of SOAR-Stockholm (Society of Orphaned Armenian Relief).

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