Distributed energy resources flexibility as volumetric options on electricity

نویسندگان

چکیده

The goal of the paper is twofold: a) following identification merits Distributed Energy Resources (DERs) by FERC 2222 for flexibility they bring to grid, we recognize water heaters and thermostats as mini-batteries introduce volumetric/swing options that Aggregator can sell shifting consumers' consumption while rewarding them; b) We propose address pricing complexity these volumetric - which are in our setting very general terms number exercises quantities constraints a novel approach combines Monte Carlo simulations Recurrent Neural Networks (RNN).

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ژورنال

عنوان ژورنال: Frontiers of mathematical finance

سال: 2023

ISSN: ['2769-6715']

DOI: https://doi.org/10.3934/fmf.2023018