Sell or store? An ADP approach to marketing renewable energy

DOI10.1007/s00291-016-0439-xzbMath1372.90008OpenAlexW3125920710MaRDI QIDQ2011830

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 programmingstoragerenewable energyelectricity

Mathematics Subject Classification ID

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

Related Items (9)

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 ⋮ 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 ⋮ Energy management for stationary electric energy storage systems: a systematic literature review ⋮ The role of demand response in mitigating market power: a quantitative analysis using a stochastic market equilibrium model ⋮ 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

Uses Software

• astsa

Cites Work

• Unnamed Item
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• Optimal Hour-Ahead Bidding in the Real-Time Electricity Market with Battery Storage Using Approximate Dynamic Programming
• OnActor-Critic Algorithms
• 10.1162/1532443041827907
• Optimizing Trading Decisions for Hydro Storage Systems Using Approximate Dual Dynamic Programming
• An Optimal Approximate Dynamic Programming Algorithm for Concave, Scalar Storage Problems With Vector-Valued Controls

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