Results for “bidding curve” | Engineering Papers

DOE OSTI2025

Bidding Curve Design for Hybrid Power Plants with Uncertain Solar Forecast

This paper presents a novel bidding curve design algorithm tailored for hybrid power plants (HPPs) to participate in the wholesale electricity market. Utilizing forecasts for photovoltaic (PV) generation and available battery power, our algorithm strategically computes the bidding curve to maximize HPP profit while adeptly managing the inherent uncertainty associated with PV power generation. In addition, the introduction of the penalty cost in HPP bidding curves provides the system operator a tool to effectively manage the system-level uncertainty that caused by HPPs. Numerical analysis through Monte Carlo simulations confirms that our bidding curve methodology outperforms the benchmark across various scenarios.

bidding curve↗

DOE OSTI2024

Bidding Curve Design for Hybrid Power Plants with Uncertain Solar Forecast: Preprint

This paper presents a novel bidding curve design algorithm tailored for hybrid power plants (HPPs) to participate in the wholesale electricity market. Utilizing forecasts for photovoltaic (PV) generation and available battery power, our algorithm strategically computes the bidding curve to maximize HPP profit while adeptly managing the inherent uncertainty associated with PV power generation. In addition, the introduction of the penalty cost in HPP bidding curves provides the system operator a tool to effectively manage the system-level uncertainty that caused by HPPs. Numerical analysis through Monte Carlo simulations confirms that our bidding curve methodology outperforms the benchmark across various scenarios.

bidding curve↗

DOE OSTI2025

Hybrid Energy Resources Bidding Model (HERB) v1.0

The HERB Model provides a stochastic optimization framework for hybrid power plants (Storage plus Renewables) participating in day-ahead electricity markets. It considers uncertainty in market prices and renewable energy generation and generated risk-constrained price-quantity bid curves with limited, non-decreasing price steps.

Heleno, Miguel [Lawrence Berkeley National Laborat↗

DOE OSTI2025

Dynamic Boundary Microgrids Under Privatization Considerations

Microgrids have physical, electrical, and logical (data, network, and ownership) boundaries. To power unserved customer loads during an outage, microgrids can extend the traditional operational boundaries. This can become complex when considering microgrid-to-microgrid (M2M) interactions where sensitive information such as competitive microgrid operational data is not shared. This work proposes an optimization method coordinated between microgrid controllers and distribution management systems that limits data sharing. The method involves a competitive bidding strategy that maximizes unserved load coverage while minimizing resource utilization and sensitive operational data sharing among entities. The work is validated on a two-microgrid system with photovoltaic and energy storage systems and curves of load derived from real world residential buildings datasets. Results show that the proposed method, when applied for three distinct use cases of energy storage sufficiency to cover the predefined boundary and/or the expanded boundary, can successfully select and bid the available load coverage.

Starke, Michael [ORNL] (ORCID:0000000221211195)↗