Feature-Driven Strategies for Trading Wind Power and Hydrogen

Emil Helgren*, Jalal Kazempour, Lesia Mitridati

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review

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Abstract

This paper develops a feature-driven model for hybrid power plants, enabling them to exploit available contextual information such as historical forecasts of wind power, and make optimal wind power and hydrogen trading decisions in the day-ahead stage. For that, we develop different variations of feature-driven linear policies, including a variation where policies depend on price domains, resulting in a price-quantity bidding curve. In addition, we propose a real-time adjustment strategy for hydrogen production. Our numerical results show that the final profit obtained from our proposed feature-driven trading mechanism in the day-ahead stage together with the real-time adjustment strategy is very close to that in an ideal benchmark with perfect information.
Original languageEnglish
Article number110787
JournalElectric Power Systems Research
Volume234
Number of pages7
ISSN0378-7796
DOIs
Publication statusPublished - 2024

Keywords

  • Hybrid power plans
  • Trading decisions
  • Feature-driven model
  • Lnear policies
  • Real-time adjustment strategy

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