New bidding strategy for PV asset owners operating in spot market
- Admin
- Aug 13, 2024
- 1 min read
A research team developed a novel bidding strategy for PV plant operators in electricity spot markets based on solar power forecasts. The method aims to increase revenues and reduce imbalances by considering scenarios from probabilistic models. The strategy involves optimizing bids for DAM and IM markets using various prediction mechanisms, leading to higher revenues and less imbalance. Results show that tree-based models outperform other models, resulting in significant revenue increases.
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