Optimal management of a wind power plant with storage capacity

Abstract : 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.
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Submitted on : Thursday, November 2, 2017 - 9:47:55 AM
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Long-term archiving on: Saturday, February 3, 2018 - 1:26:24 PM

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Jérôme Collet, Olivier Féron, Peter Tankov. Optimal management of a wind power plant with storage capacity. 2017. ⟨hal-01627593⟩

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