Optimal Management of a Wind Power Plant with Storage Capacity

  • Jérôme Collet
  • Olivier Féron
  • Peter TankovEmail author
Conference paper
Part of the Springer Proceedings in Mathematics & Statistics book series (PROMS, volume 254)


We consider the problem of a wind producer who has access to the spot and intraday electricity markets and has the possibility of partially storing the produced energy using a battery storage facility. The aim of the producer is to maximize the expected gain of selling in the market the energy produced during a 24-h period. We propose and calibrate statistical models for the power production and the intraday electricity price, and compute the optimal strategy of the producer via dynamic programming.


Wind power generation Battery storage Intraday electricity market Stochastic control 



This research was supported by the ANR project FOREWER (ANR-14-CE05-0028). The research of Peter Tankov has also benefited the support of the FIME Research Initiative. We are grateful to N. Girard (Maïa Eolis/Engie Green) and Philippe Vassilopoulos (EPEX Spot) for providing the data used in this study.


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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  1. 1.EDF LabPalaiseauFrance
  2. 2.CREST-ENSAE ParisTechPalaiseauFrance

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