paper-with-me

Papers

A Machine Learning Approach for Prosumer Management in Intraday Electricity Markets

2022-03-11 · Saeed Mohammadi, Mohammad Reza Hesamzadeh

Prosumer operators are dealing with extensive challenges to participate in short-term electricity markets while taking uncertainties into account. Challenges such as variation in demand, solar energy, wind power, and electricity prices as well as faster response time in intraday electricity markets. Machine learning approaches could resolve these challenges due to their ability to continuous learning of complex relations and providing a real-time response. Such approaches are applicable with presence of the high performance computing and big data. To tackle these challenges, a Markov decision process is proposed and solved with a reinforcement learning algorithm with proper observations and actions employing tabular Q-learning. Trained agent converges to a policy which is similar to the global optimal solution. It increases the prosumer's profit by 13.39% compared to the well-known stochastic optimization approach.

📄 PDF Abstract BibTeX arXiv:2203.06053

Code (0)

등록된 구현이 없습니다.

Tasks

BIG-bench Machine LearningManagementQ-LearningReinforcement Learning (RL)Stochastic Optimization

Similar Papers 제목 키워드 기반

Multivariate Simulation-based Forecasting for Intraday Power Markets: Modelling Cross-Product Price Effects

2023-06-23 · Simon Hirsch, Florian Ziel

Intraday electricity markets play an increasingly important role in balancing the intermittent generation of renewable energy resources, which creates a need for accurate probabilistic price forecasts. However, research …

Price formation and optimal trading in intraday electricity markets with a major player

2020-11-15 · Olivier Féron, Peter Tankov, Laura Tinsi

We study price formation in intraday electricity markets in the presence of intermittent renewable generation. We consider the setting where a major producer may interact strategically with a large number of small produc…

Decentralized Integration of Grid Edge Resources into Wholesale Electricity Markets via Mean-field Games

2025-03-11 · Chen Feng, Andrew L. Liu

Grid edge resources refer to distributed energy resources (DERs) located on the consumer side of the electrical grid, controlled by consumers rather than utility companies. Integrating DERs with real-time electricity pri…

An optimal trading problem in intraday electricity markets

2015-01-19

We consider the problem of optimal trading for a power producer in the context of intraday electricity markets. The aim is to minimize the imbalance cost induced by the random residual demand in electricity, i.e. the con…

Simulating and analyzing a sparse order book: an application to intraday electricity markets

2024-10-09 · Philippe Bergault, Enzo Cognéville

This paper presents a novel model for simulating and analyzing sparse limit order books (LOBs), with a specific application to the European intraday electricity market. In illiquid markets, characterized by significant g…