DOE OSTI · code-158544
Hybrid Energy Resources Bidding Model (HERB) v1.0
Abstract
The HERB Model provides a stochastic optimization framework for hybrid power plants (Storage plus Renewables) participating in day-ahead electricity markets. It considers uncertainty in market prices and renewable energy generation and generated risk-constrained price-quantity bid curves with limited, non-decreasing price steps.
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Heleno, Miguel [Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)], Valenzuela Meza, Alan [Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)], Moreira da Silva, Alexandre [Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)], Kemp, Julie Mulvaney [Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)], Tiwari, Anamika [Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)]. 2025-05-15. Hybrid Energy Resources Bidding Model (HERB) v1.0. https://doi.org/10.11578/dc.20250724.4
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