面向能源和应急储备市场储能竞价的时间感知深度强化学习

Jinhao Li;Changlong Wang;Yanru Zhang;Hao Wang
{"title":"面向能源和应急储备市场储能竞价的时间感知深度强化学习","authors":"Jinhao Li;Changlong Wang;Yanru Zhang;Hao Wang","doi":"10.1109/TEMPR.2024.3372656","DOIUrl":null,"url":null,"abstract":"The battery energy storage system (BESS) has immense potential for enhancing grid reliability and security through its participation in the electricity market. BESS often seeks various revenue streams by taking part in multiple markets to unlock its full potential, but effective algorithms for joint-market participation under price uncertainties are insufficiently explored in the existing research. To bridge this gap, we develop a novel BESS joint bidding strategy that utilizes deep reinforcement learning (DRL) to bid in the spot and contingency frequency control ancillary services (FCAS) markets. Our approach leverages a transformer-based temporal feature extractor to effectively respond to price fluctuations in seven markets simultaneously and helps DRL learn the best BESS bidding strategy in joint-market participation. Additionally, unlike conventional “black-box” DRL model, our approach is more interpretable and provides valuable insights into the temporal bidding behavior of BESS in the dynamic electricity market. We validate our method using realistic market prices from the Australian National Electricity Market. The results show that our strategy outperforms benchmarks, including both optimization-based and other DRL-based strategies, by substantial margins. Our findings further suggest that effective temporal-aware bidding can significantly increase profits in the spot and contingency FCAS markets compared to individual market participation.","PeriodicalId":100639,"journal":{"name":"IEEE Transactions on Energy Markets, Policy and Regulation","volume":"2 3","pages":"392-406"},"PeriodicalIF":0.0000,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Temporal-Aware Deep Reinforcement Learning for Energy Storage Bidding in Energy and Contingency Reserve Markets\",\"authors\":\"Jinhao Li;Changlong Wang;Yanru Zhang;Hao Wang\",\"doi\":\"10.1109/TEMPR.2024.3372656\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The battery energy storage system (BESS) has immense potential for enhancing grid reliability and security through its participation in the electricity market. BESS often seeks various revenue streams by taking part in multiple markets to unlock its full potential, but effective algorithms for joint-market participation under price uncertainties are insufficiently explored in the existing research. To bridge this gap, we develop a novel BESS joint bidding strategy that utilizes deep reinforcement learning (DRL) to bid in the spot and contingency frequency control ancillary services (FCAS) markets. Our approach leverages a transformer-based temporal feature extractor to effectively respond to price fluctuations in seven markets simultaneously and helps DRL learn the best BESS bidding strategy in joint-market participation. Additionally, unlike conventional “black-box” DRL model, our approach is more interpretable and provides valuable insights into the temporal bidding behavior of BESS in the dynamic electricity market. We validate our method using realistic market prices from the Australian National Electricity Market. The results show that our strategy outperforms benchmarks, including both optimization-based and other DRL-based strategies, by substantial margins. Our findings further suggest that effective temporal-aware bidding can significantly increase profits in the spot and contingency FCAS markets compared to individual market participation.\",\"PeriodicalId\":100639,\"journal\":{\"name\":\"IEEE Transactions on Energy Markets, Policy and Regulation\",\"volume\":\"2 3\",\"pages\":\"392-406\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2024-03-05\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"IEEE Transactions on Energy Markets, Policy and Regulation\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://ieeexplore.ieee.org/document/10458427/\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"IEEE Transactions on Energy Markets, Policy and Regulation","FirstCategoryId":"1085","ListUrlMain":"https://ieeexplore.ieee.org/document/10458427/","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

摘要

电池储能系统(BESS)在通过参与电力市场提高电网可靠性和安全性方面潜力巨大。BESS 通常通过参与多个市场来寻求各种收入流,以充分释放其潜力,但现有研究对价格不确定情况下联合参与市场的有效算法探索不足。为了弥补这一不足,我们开发了一种新颖的 BESS 联合投标策略,利用深度强化学习(DRL)在现货市场和应急频率控制辅助服务(FCAS)市场进行投标。我们的方法利用基于变压器的时间特征提取器来同时有效应对七个市场的价格波动,并帮助 DRL 学习联合市场参与中的最佳 BESS 投标策略。此外,与传统的 "黑箱 "DRL 模型不同,我们的方法更具可解释性,可为动态电力市场中 BESS 的时间竞价行为提供有价值的见解。我们使用澳大利亚国家电力市场的实际市场价格验证了我们的方法。结果表明,我们的策略大大优于基准策略,包括基于优化的策略和其他基于 DRL 的策略。我们的研究结果进一步表明,与单独参与市场相比,有效的时间感知投标可以显著提高现货和应急 FCAS 市场的利润。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Temporal-Aware Deep Reinforcement Learning for Energy Storage Bidding in Energy and Contingency Reserve Markets
The battery energy storage system (BESS) has immense potential for enhancing grid reliability and security through its participation in the electricity market. BESS often seeks various revenue streams by taking part in multiple markets to unlock its full potential, but effective algorithms for joint-market participation under price uncertainties are insufficiently explored in the existing research. To bridge this gap, we develop a novel BESS joint bidding strategy that utilizes deep reinforcement learning (DRL) to bid in the spot and contingency frequency control ancillary services (FCAS) markets. Our approach leverages a transformer-based temporal feature extractor to effectively respond to price fluctuations in seven markets simultaneously and helps DRL learn the best BESS bidding strategy in joint-market participation. Additionally, unlike conventional “black-box” DRL model, our approach is more interpretable and provides valuable insights into the temporal bidding behavior of BESS in the dynamic electricity market. We validate our method using realistic market prices from the Australian National Electricity Market. The results show that our strategy outperforms benchmarks, including both optimization-based and other DRL-based strategies, by substantial margins. Our findings further suggest that effective temporal-aware bidding can significantly increase profits in the spot and contingency FCAS markets compared to individual market participation.
求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信