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arXiv · 2501.04647

Optimal Trading of a Charging-Station Company in Auction Markets for Electricity

Farnaz Sohrabi·Mohammad Rohaninejad·Mohammad Reza Hesamzadeh·Július Bemš
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Abstract

This paper addresses a charging-station company (Chargco) for electric and hydrogen vehicles. The optimal trading of the Chargco in day-ahead and intraday auction markets for electricity is modeled as a stochastic Mixed-Integer Quadratic Program (MIQP). We propose a series of linearization and reformulation techniques to reformulate the stochastic MIQP as a mixed-integer linear program (MILP). To model stochasticity, we utilize generative adversarial networks to cluster electricity market price scenarios. Additionally, a combination of random forests and linear regression is employed to model the relationship between Chargco electricity and hydrogen loads and their selling prices. Finally, we propose an Improved L-Shaped Decomposition (ILSD) algorithm to solve our stochastic MILP. Our ILSD algorithm not only addresses infeasibilities through an innovative approach but also incorporates warm starts, valid inequalities and multiple generation cuts, thereby reducing computational complexity. Numerical experiments illustrate the Chargco trading using our proposed stochastic MILP and its solution algorithm.

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Farnaz Sohrabi, Mohammad Rohaninejad, Mohammad Reza Hesamzadeh, Július Bemš. 2025-01-08. Optimal Trading of a Charging-Station Company in Auction Markets for Electricity. https://doi.org/10.1109/tits.2024.3524790

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