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This paper analyses the economic viability of pumped-storage hydropower plants equipped with ternary units and considering hydraulic short-circuit operation. The analysed plant is assumed to participate in the day-ahead energy market and in the secondary regulation service of the Spanish power system. A deterministic day-ahead energy and reserve scheduling model is used to estimate the maximum theoretical income of the plant assuming perfect information of the next day prices and the residual demand curves of the secondary regulation reserve market. Results show that the pay-back periods with and without the hydraulic short-circuit operation are significantly lower than their expected lifetime and that the pay-back periods can be reduced with the inclusion of the hydraulic short-circuit operation.

Economic Viability of Pumped-Storage Power Plants Equipped with Ternary Units and Considering Hydraulic Short-Circuit Operation