Sell or store? An ADP approach to marketing renewable energy

DOI10.1007/S00291-016-0439-XMaRDI QIDQ2011830zbMATH OpenOpenAlexFDO

Authors Jochen Gönsch, Michael Hassler

Publication date 7 August 2017

Published in OR Spectrum (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00291-016-0439-x

zbMATH Keywords

dynamic programmingelectricityrenewable energystorage

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40)

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Cites work

• 10.1162/1532443041827907
• A survey of stochastic modelling approaches for liberalised electricity markets
• An approximate dynamic programming approach to benchmark practice-based heuristics for natural gas storage valuation
• An Optimal Approximate Dynamic Programming Algorithm for Concave, Scalar Storage Problems With Vector-Valued Controls
• An optimal approximate dynamic programming algorithm for the lagged asset acquisition problem
• Approximate dynamic programming. Solving the curses of dimensionality
• scientific article; zbMATH DE number 5685899 (Why is no real title available?)
• OnActor-Critic Algorithms
• Optimal energy commitments with storage and intermittent supply
• Optimal hour-ahead bidding in the real-time electricity market with battery storage using approximate dynamic programming
• Optimizing trading decisions for hydro storage systems using approximate dual dynamic programming

Cited in

(16)

• Least squares approximate policy iteration for learning bid prices in choice-based revenue management
• Heuristic decision rules for short-term trading of renewable energy with co-located energy storage
• On the complexity of energy storage problems
• Energy management for stationary electric energy storage systems: a systematic literature review
• Quantitative solutions for future energy systems and markets
• Resource allocation problems in decentralized energy management
• A deep reinforcement learning framework for continuous intraday market bidding
• Optimal bidding functions for renewable energies in sequential electricity markets
• Integrated day-ahead and intraday self-schedule bidding for energy storage systems using approximate dynamic programming
• SMART: A stochastic multiscale model for the analysis of energy resources, technology, and policy
• Optimal energy commitments with storage and intermittent supply
• Optimal hour-ahead bidding in the real-time electricity market with battery storage using approximate dynamic programming
• Dynamic decision making in energy systems with storage and renewable energy sources
• Online decision making for trading wind energy
• The role of demand response in mitigating market power: a quantitative analysis using a stochastic market equilibrium model
• A sample robust optimal bidding model for a virtual power plant

Describes a project that uses

Uses Software

• astsa

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