Optimal bidding of a virtual power plant on the Spanish day-ahead and intraday market for electricity

D Wozabal, G Rameseder - European Journal of Operational Research, 2020‏ - Elsevier
We develop a multi-stage stochastic programming approach to optimize the bidding strategy
of a virtual power plant (VPP) operating on the Spanish spot market for electricity. The VPP …

Comprehensive survey on support policies and optimal market participation of renewable energy

A Cicek, S Güzel, O Erdinc, JPS Catalao - Electric Power Systems …, 2021‏ - Elsevier
Energy demand in the world is mostly met by conventional sources that cause carbon
emissions. Considering environmental problems and the depletion of these sources in the …

A bibliometric review of hybrid offshore renewable energy and the optimization methods

H Khurshid, CY Ng, BS Mohammed - Ocean Engineering, 2024‏ - Elsevier
This study presents a comprehensive bibliometric review of hybrid offshore renewable
energy sources (HORES) and their optimization methods over the past 24 years. The …

[HTML][HTML] Taking a Portfolio approach to wind and solar deployment: The case of the National Electricity Market in Australia

C Li, CK Chyong, DM Reiner, F Roques - Applied Energy, 2024‏ - Elsevier
We formulate a new, computationally inexpensive framework based on Mean–Variance
Portfolio Theory to determine the optimal allocation of wind and solar capacity, which can …

Reducing forecasting error by optimally pooling wind energy generation sources through portfolio optimization

C Han, A Vinel - Energy, 2022‏ - Elsevier
Generation variability is generally accepted as one of the key challenges in enabling wider
penetration of renewable energy sources in general, and wind energy in particular. It is …

An equilibrium pricing model for wind power futures

G Gersema, D Wozabal - Energy Economics, 2017‏ - Elsevier
Generation from wind power plants is intermittent and affects profits of wind power
generators and conventional generators alike. Currently, generators have limited options for …

Analysis of futures and spot electricity markets under risk aversion

FS Oliveira, C Ruiz - European Journal of Operational Research, 2021‏ - Elsevier
We analyze the procurement problem in the electricity supply chain, focusing on the
interaction between futures and spot prices. The supply chain network analyzed in our study …

Asset bundling for hierarchical forecasting of wind power generation

H Zhang, M Tanneau, C Huang, VR Joseph… - Electric Power Systems …, 2024‏ - Elsevier
The growing penetration of intermittent, renewable generation in US power grids, especially
wind and solar generation, results in increased operational uncertainty. In that context …

Optimal pooling of renewable energy sources with a risk-averse approach: Implications for US energy portfolio

A Vinel, E Mortaz - Energy Policy, 2019‏ - Elsevier
Tap** into a large amount of renewable generation considering the inherent variability of
renewable energy sources (RES) can greatly increase the risk of supply and demand …

Building resilient renewable power generation portfolios: The impact of diversification on investors' risk and return

SR Sinsel, X Yan, A Stephan - Applied Energy, 2019‏ - Elsevier
Over the coming years, variable renewables such as wind and photovoltaics will become
increasingly exposed to market risks due to the gradual reduction in policy support. Building …