Integrated day-ahead and intraday self-schedule bidding for energy storage systems using approximate dynamic programming

DOI10.1016/J.EJOR.2021.11.010MaRDI QIDQ2140221zbMATHOpenAlexWikidataFDO

Authors Benedikt Finnah, Jochen Gönsch, Florian Ziel

Publication date 20 May 2022

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2021.11.010

zbMATH Keywords

OR in energybackwards approximate dynamic programmingelectricity price forecastmultiple sequential marketstrading for energy storage

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Stochastic programming (90C15)

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Cites work

• A unified framework for stochastic optimization
• Benchmarking a scalable approximate dynamic programming algorithm for stochastic control of grid-level energy storage
• Bidding in sequential electricity markets: the Nordic case
• Energy contracts management by stochastic programming techniques
• Energy management for stationary electric energy storage systems: a systematic literature review
• Modeling time-dependent randomness in stochastic dual dynamic programming
• 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
• Optimizing trading decisions for hydro storage systems using approximate dual dynamic programming
• Pricing American options by simulation using a stochastic mesh with optimized weights
• Sell or store? An ADP approach to marketing renewable energy
• Short-term hydropower production planning by stochastic programming
• Stochastic dynamic programming approach to managing power system uncertainty with distributed storage

Cited in

(10)

• Sell or store? An ADP approach to marketing renewable energy
• Optimizing trading decisions for hydro storage systems using approximate dual dynamic programming
• A common shock model for multidimensional electricity intraday price modelling with application to battery valuation
• Day-ahead strategic bidding for advanced adiabatic compressed air energy storage plant: a Stackelberg game approach
• A bicriteria almost equal minimum cost flow model for day-ahead trading
• Heuristic decision rules for short-term trading of renewable energy with co-located energy storage
• A sample robust optimal bidding model for a virtual power plant
• Optimized ensemble value function approximation for dynamic programming
• Optimal hour-ahead bidding in the real-time electricity market with battery storage using approximate dynamic programming
• The Value of Coordination in Multimarket Bidding of Grid Energy Storage

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