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Project information

Study of the modeling in EXVAL of bidding curves for highly dispatchable hydropower plants

J. García-González A.F. Oviedo-Gómez

March 2026 - April 2026

Funding entity Endesa Medios y Sistemas S.L, Endesa S.A.


This project is part of the professional services provided to Enel-Endesa within the framework of the EXVAL model. The objective is to analyze how to properly value the hydropower resources of highly dispatchable hydropower plants.


Layman's summary: The EXVAL model is used to calculate the water value of Endesa’s hydropower resources within the context of the Iberian electricity market. This study aims to analyze what changes would be necessary in the mathematical model to account for the availability of highly dispatchable hydropower resources over time.



Techniques employed: Mixed integer linear programming



2026_SSPP_EXVAL_muygest