Optimizing Trading Decisions for Hydro Storage Systems using Approximate Dual Dynamic Programming
We propose a new approach to optimize operations of hydro storage systems with multiple connected reservoirs which participate in wholesale electricity markets. Our formulation integrates short-term intraday with long-term interday decisions. The intraday problem considers bidding decisions as well as storage operation during the day and is formulated as a stochastic program. The interday problem … Read more