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A framework for joint management of regional water-energy ... - Orbit

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eservoirs, although some level <strong>of</strong> aggregation will always be necessary <strong>for</strong><br />

systems as large as the IP.<br />

The other limitation is the temporal aggregation <strong>of</strong> the power system. It was<br />

shown in Figure 3 that hourly power production and prices vary considerably<br />

within the week. Using hourly time steps would allow a more realistic representation<br />

<strong>of</strong> the power system, including a better representation <strong>of</strong> the power<br />

supply and demand functions, and the inclusion <strong>of</strong> pumped-storage hydropower.<br />

However, hourly time steps would have made the problem computationally<br />

intractable. Some alternatives to include production and price variability<br />

within a week would be to divide the week into a few load segments<br />

with a certain demand pr<strong>of</strong>ile (e.g. Wolfgang et al., 2009) or to derive hydropower<br />

revenue functions <strong>for</strong> each week (e.g. Madani and Lund, 2009).<br />

These sources <strong>of</strong> uncertainty were not considered because the focuse <strong>of</strong> the<br />

study was to propose a methodological <strong>framework</strong> to assess the interactions<br />

between <strong>water</strong> and <strong>energy</strong> systems. However, such issues must be considered<br />

if the <strong>framework</strong> is to be used <strong>for</strong> detailed studies or <strong>for</strong> decision support.<br />

43

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