Hedging the risk of wind power production using dispatchable energy source

DOI10.1515/EQC-2020-0033MaRDI QIDQ2054938zbMATH OpenOpenAlexFDO

Authors Guglielmo D'Amico, Bice Di Basilio, Filippo Petroni

Publication date 3 December 2021

Published in Stochastics and Quality Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1515/eqc-2020-0033

zbMATH Keywords

copula functionelectricity priceoptimizationWeibull distributionwind energy

Mathematics Subject Classification ID

Characterization and structure theory for multivariate probability distributions; copulas (62H05) Reliability and life testing (62N05) Applications of statistics in engineering and industry; control charts (62P30) Reliability, availability, maintenance, inspection in operations research (90B25)

Recommendations

• Optimal control of a dispatchable energy source for wind energy management
• Internal hedging of intermittent renewable power generation and optimal portfolio selection
• Optimal management of wind and solar energy resources
• Mathematical modelling of the combined optimization of a pumped-storage hydro-plant and a wind park
• Insuring wind energy production

Cites work

• A First Course in Optimization Theory
• A table of normal integrals
• Insuring wind energy production
• Internal hedging of intermittent renewable power generation and optimal portfolio selection
• On optimal participation in the electricity markets of wind power plants with battery energy storage systems
• Optimal control of a dispatchable energy source for wind energy management
• Principles of copula theory
• Risk shaping of optimal electricity portfolios in the stochastic LCOE theory

Cited in

(6)

• Insuring wind energy production
• Internal hedging of intermittent renewable power generation and optimal portfolio selection
• Optimising for wind power contributions in an electricity grid
• Optimal management of wind and solar energy resources
• HEDGING WITH ENERGY
• PPA investments of minimal variability

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