Optimal forward trading and battery control under renewable electricity generation
| Autor: | Juri Hinz, Jeremy Yee |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
021103 operations research business.industry 020209 energy 0211 other engineering and technologies 02 engineering and technology Environmental economics Energy storage Renewable energy Microeconomics Stand-alone power system Forward contract Electricity generation Hardware_GENERAL 0202 electrical engineering electronic engineering information engineering Economics Electricity market Electricity retailing business Finance Market penetration |
| Zdroj: | Journal of Banking & Finance. 95:244-254 |
| ISSN: | 0378-4266 |
| DOI: | 10.1016/j.jbankfin.2017.06.006 |
| Popis: | The increased market penetration of renewable energy sources and the rapid development of electric battery storage technologies yield a potential for reducing electricity price volatility while maintaining stability of the power grid. This work presents an algorithmic approach to control battery levels and forward positions to optimally manage power output fluctuations caused by intermittent renewable energy generation. This paper will also explore the effect of battery technology on the firm’s optimal trading behaviour in the electricity spot market. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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