Deep Reinforcement Learning for Wind and Energy Storage Coordination in Wholesale Energy and Ancillary Service Markets
Wind energy has been increasingly adopted to mitigate climate change. However, the variability of wind energy causes wind curtailment, resulting in considerable economic losses for wind farm owners. Wind curtailment can be reduced using battery energy storage systems (BESS) as onsite backup sources. Yet, this auxiliary role may significantly weaken the economic potential of BESS in energy trading. Ideal BESS scheduling should balance onsite wind curtailment reduction and market bidding, but practical implementation is challenging due to coordination complexity and the stochastic nature of energy prices and wind generation. We investigate the joint-market bidding strategy of a co-located wind-battery system in the spot and Regulation Frequency Control Ancillary Service markets. We propose a novel deep reinforcement learning-based approach that decouples the system's market participation into two related Markov decision processes for each facility, enabling the BESS to absorb onsite wind curtailment while performing joint-market bidding to maximize overall operational revenues. Using realistic wind farm data, we validated the coordinated bidding strategy, with outcomes surpassing the optimization-based benchmark in terms of higher revenue by approximately 25\% and more wind curtailment reduction by 2.3 times. Our results show that joint-market bidding can significantly improve the financial performance of wind-battery systems compared to participating in each market separately. Simulations also show that using curtailed wind generation as a power source for charging the BESS can lead to additional financial gains. The successful implementation of our algorithm would encourage co-location of generation and storage assets to unlock wider system benefits.
Code (0)
등록된 구현이 없습니다.
Tasks
Deep Reinforcement Learningenergy tradingSchedulingMethods 이 논문이 사용한 방법론
Similar Papers 제목 키워드 기반
Sizing Co-located Storage for Uncertain Renewable Energy Sold Through Forward Contracts
In this paper, we propose a high-level Stochastic steady-state model to analyze the value of co-located energy storage systems for wind power producers that participate in an electricity market through Forward or Day Ahe…
SensitivityEvaluating the Impact of Multiple DER Aggregators on Wholesale Energy Markets: A Hybrid Mean Field Approach
The integration of distributed energy resources (DERs) into wholesale energy markets can greatly enhance grid flexibility, improve market efficiency, and contribute to a more sustainable energy future. As DERs -- such as…
Reinforcement Learning (RL)DSO-DERA Coordination for the Wholesale Market Participation of Distributed Energy Resources
We design a coordination mechanism between a distribution system operator (DSO) and distributed energy resource aggregators (DERAs) participating directly in the wholesale electricity market. Aimed at ensuring system rel…
Decentralized Integration of Grid Edge Resources into Wholesale Electricity Markets via Mean-field Games
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…
Transferable Energy Storage Bidder
Energy storage resources must consider both price uncertainties and their physical operating characteristics when participating in wholesale electricity markets. This is a challenging problem as electricity prices are hi…
Transfer Learning