IDEAS home Printed from https://ideas.repec.org/h/ito/pchaps/194227.html
   My bibliography  Save this book chapter

Optimal Bidding in Wind Farm Management

In: Modeling, Simulation and Optimization of Wind Farms and Hybrid Systems

Author

Listed:
  • Alexandre Brouste
  • Alain Bensoussan

Abstract

We study the problem of wind farm management, in which the manager commits himself to deliver energy in some future time. He reduces the consequences of uncertainty by using a storage facility (a battery, for instance). We consider a simplified model in discrete time, in which the commitment is for the next period. We solve an optimal control problem to define the optimal bidding decision. Application to a real dataset is done, and the optimal size of the battery (or the overnight costs) for the wind farm is determined. We then describe a continuous time version involving a delay between the time of decision and the implementation.

Suggested Citation

  • Alexandre Brouste & Alain Bensoussan, 2020. "Optimal Bidding in Wind Farm Management," Chapters, in: Karam Youssef Maalawi (ed.), Modeling, Simulation and Optimization of Wind Farms and Hybrid Systems, IntechOpen.
    • Handle: RePEc:ito:pchaps:194227
    DOI: 10.5772/intechopen.89806
    as

    Download full text from publisher

    File URL: https://www.intechopen.com/chapters/69620
    Download Restriction: no
    File URL: https://libkey.io/10.5772/intechopen.89806?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    optimal control; stochastic control; wind farm management; wind production forecast; storage;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ito:pchaps:194227. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Slobodan Momcilovic (email available below). General contact details of provider: http://www.intechopen.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.