Optimal Management of a Wind Power Plant with Storage Capacity.
Authors
Publication date
- COLLET Jerome
- FERON Olivier
- TANKOV Peter
2018
Publication type
Book Chapter
Summary
We consider the problem of a wind producer who has access to the spot and intraday electricity markets and has the possibility of partially storing the produced energy using a battery storage facility. The aim of the producer is to maximize the expected gain of selling in the market the energy produced during a 24-hour period. We propose and calibrate statistical models for the power production and the intraday electricity price, and compute the optimal strategy of the producer via dynamic programming.
Publisher
Springer International Publishing
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