{"about":{"site":"https://codewithpapers.app","non_affiliation":"Code with Papers and Syntology are not affiliated with, endorsed by, or sponsored by Papers with Code, Meta, or the pwc-archive mirror.","licence":"CC BY-SA 4.0","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","attribution":"https://codewithpapers.app/attribution","modified":"archive material modified by Syntology; see the attribution page"},"url":"/paper/flexible-robust-optimal-bidding-of-renewable","title":"Flexible Robust Optimal Bidding of Renewable Virtual Power Plants in Sequential Markets","arxiv_id":"2402.12032","date":"2024-02-19","proceeding":null,"authors":["Hadi Nemati","Pedro Sánchez-Martín","Álvaro Ortega","Lukas Sigrist","Enrique Lobato","Luis Rouco"],"abstract":"In this paper, a novel approach to define the optimal bidding of renewable-only virtual power plants (RVPPs) in the day-ahead, secondary reserve, and intra-day markets is proposed. To this aim, a robust optimization algorithm is developed to account for the asymmetric nature of the uncertainties that characterize the market prices, as well as the energy production of the RVPP stochastic sources and flexible demand consumption. Simulation results show increased RVPP benefits compared to other existing solutions and demonstrate the potential of renewable sources to further increase their economic competitiveness. The simplicity of the implementation, the computational efficiency, and the flexible robustness are also verified.","url_abs":"https://arxiv.org/abs/2402.12032v1","url_pdf":"https://arxiv.org/pdf/2402.12032v1.pdf","source":{"archive":"pwc-archive (Hugging Face), CC BY-SA 4.0","snapshot":"2025-07-28","licence_url":"https://creativecommons.org/licenses/by-sa/4.0/legalcode","row_kind":"abstracts"},"code_links":[{"paper_slug":"flexible-robust-optimal-bidding-of-renewable","repo_url":"https://github.com/hadinemati70/Hnemati","is_official":1,"mentioned_in_paper":0,"mentioned_in_github":0,"framework":"none","reach":null}],"tasks":[{"task_slug":"computational-efficiency","task_name":"Computational Efficiency"}],"methods":[],"datasets_introduced":[],"methods_introduced":[],"results":[],"syntology":{"atlas_url":null,"mcp":null,"developers":"https://syntology.ai/developers"},"arxiv_metadata":null,"syntology_extracted_results":null}