Risk and profit-based bidding and offering strategies for pumped hydro storage in the energy market
Man‐Wen Tian, Shu‐Rong Yan, Xiao‐Xiao Tian, Sayyad Nojavan, Kittisak Jermsittiparsert
Topics & Concepts
BiddingDownside riskProfit (economics)Electricity marketRisk managementStochastic programmingElectricityFinancial riskEnvironmental economicsBusinessEconomicsRisk analysis (engineering)MicroeconomicsActuarial scienceFinanceMathematical optimizationEngineeringMathematicsElectrical engineeringPortfolioElectric Power System OptimizationSmart Grid Energy ManagementOptimal Power Flow Distribution