How to trade electricity flexibility using artificial intelligence : An integrated algorithmic framework

Titelangaben

Hanny, Lisa ; Körner, Marc-Fabian ; Leinauer, Christina ; Michaelis, Anne ; Strüker, Jens ; Weibelzahl, Martin ; Weissflog, Jan:
How to trade electricity flexibility using artificial intelligence : An integrated algorithmic framework.
In: Proceedings of the 55th Hawaii International Conference on System Sciences (HICSS). - Kauai, USA , 2022
ISBN 978-0-9981331-5-7

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Abstract

In course of the energy transition, the growing share of Renewable Energy Sources (RES) makes electricity generation more decentralized and intermittent. This increases the relevance of exploiting flexibility potentials that help balancing intermittent RES supply and demand and, thus, contribute to overall system resilience. Digital technologies, in the form of automated trading algorithms, may considerably contribute to flexibility exploitation, as they enablefaster and more accurate market interactions. In this paper, we develop an integrated algorithmic framework that finds an optimal trading strategy for flexibility onmultiple markets. Hence, our work supports the trading of flexibility in a multi-market environment that results in enhanced market integration and harmonization of economically traded and physically deliver edelectricity, which finally promotes resilience in highly complex electricity systems.