How to profit from price swings

With HYDROGRID’s intelligent real-time dispatch to maximized revenues

Project Overview

 
Boge I and Boge II is a storage power plant with two connected reservoirs located in Norway. Before the power plant owner decided to use the innovative HYDROGRID Insight Suite, the plant was manually dispatched based on hydrological conditions, earning a realized price slightly lower than the average market price.

Enabling remote connectivity

Existing local SCADA system communicates with HYDRIGRID via API to enable intelligent price-driven dispatch of the plant

8 GWh Production

2.6 MW Capacity

0.4 hm³ Storage

11 hm³ Inflow/yr

Historical Dispatch

Manual dispatch based on hydrological conditions

Plant manually dispatched based on hydrological conditions. For the year 2018, realized price (42.87 €/MWh) was slightly below average price (43.71 €/MWh) in the Nordpool power market

Optimal Price Driven Dispatch

Fully automatic alignment of power generation to market prices with HYDROGRID’s intelligent algorithms

HYDROGRID forecasts when prices will be the highest and aligns your storage power plants’ generation accordingly to earn you a higher revenue per produced MWh.

Results

Achieved results between January and July 2019

EFFICIENCY

+0.4%

SPILL REDUCTION

-57%

PRICE EFFECT

+8,0%

TOTAL REVENUE INCREASE: 10%