Optimal bidding functions for renewable energies in sequential electricity markets

DOI10.1007/S00291-021-00646-9MaRDI QIDQ2125362zbMATH OpenOpenAlexFDO

Authors Benedikt Finnah

Publication date 14 April 2022

Published in OR Spectrum (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1007/s00291-021-00646-9

zbMATH Keywords

bidding functionforecast evaluationmultiple marketsOR in energyrenewable energy

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76)

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Cites work

• A deep reinforcement learning framework for continuous intraday market bidding
• A long-term unit commitment problem with hydrothermal coordination for economic and emission control in large-scale electricity systems
• A unified framework for stochastic optimization
• An optimal trading problem in intraday electricity markets
• Bidding in sequential electricity markets: the Nordic case
• Dispatch planning using newsvendor dual problems and occupation times: application to hydropower
• Energy management for stationary electric energy storage systems: a systematic literature review
• On optimal participation in the electricity markets of wind power plants with battery energy storage systems
• Optimal bidding of a virtual power plant on the Spanish day-ahead and intraday market for electricity
• 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
• Optimal operation of a CHP plant participating in the German electricity balancing and day-ahead spot market
• Optimizing trading decisions for hydro storage systems using approximate dual dynamic programming
• Sell or store? An ADP approach to marketing renewable energy
• Strategic offering of a flexible producer in day-ahead and intraday power markets

Cited in

(28)

• Application of gradient descent continuous actor-critic algorithm for bilateral spot electricity market modeling considering renewable power penetration
• Optimal capacity allocation in multi-auction electricity markets under uncertainty
• Intraday renewable electricity trading: advanced modeling and optimal control
• Sell or store? An ADP approach to marketing renewable energy
• Intraday renewable electricity trading: advanced modeling and numerical optimal control
• Renewable auctions: bidding for real options
• Interval prediction algorithm and optimal scenario making model for wind power producers bidding strategy
• Integrated day-ahead and intraday self-schedule bidding for energy storage systems using approximate dynamic programming
• On stochastic auctions in risk-averse electricity markets with uncertain supply
• Optimal bidding of a virtual power plant on the Spanish day-ahead and intraday market for electricity
• An analysis of staged purchases in deregulated time-sequential electricity markets
• Bidding in sequential electricity markets: the Nordic case
• Optimal design of bilateral contracts for energy procurement
• \varepsilon-Optimal Bidding in an Electricity Market with Discontinuous Market Distribution Function
• Optimal hour-ahead bidding in the real-time electricity market with battery storage using approximate dynamic programming
• Optimal trading policies for wind energy producer
• Optimal cross-border electricity trading
• Optimal generation and trading in solar renewable energy certificate (SREC) markets
• Price formation and optimal trading in intraday electricity markets
• Price formation and optimal trading in intraday electricity markets
• Online decision making for trading wind energy
• Stochastic optimization with dynamic probabilistic forecasts
• A sample robust optimal bidding model for a virtual power plant
• Optimal bidding strategies for wind power producers with meteorological forecasts
• A bicriteria almost equal minimum cost flow model for day-ahead trading
• Optimal trading of a hybrid electric, hydrogen and gas fueling station in day-ahead and Intra-day markets: modeling aspect
• A bilevel multistage stochastic self-scheduling model with indivisibilities for trading in the continuous intraday electricity market
• Bidding under price uncertainty in multi-unit pay-as-bid procurement auctions for power systems reserve

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