Toshiba AI Technology Catalog

  • Operation and Control

Technologies to optimize electric power market transactions

Proposes transaction strategies that take into account the uncertainty in prediction of renewable energy generation volumes and market prices.


  • Supports strategic decision-making in market transactions for renewable energy aggregators, both in spot markets and hour-ahead markets.
  • In spot market transactions, create multiple patterns for power generation volumes and transaction prices that could arise in the future, and calculate optimum bidding volumes based on those patterns.
  • In hour-ahead market transactions, estimate cumulative transaction profits based on assessments of transaction risks and price forecasts at each hour, and calculate optimum bidding timing and bidding volumes.

Applications



  • Electric power market transaction support systems

Benchmarks, strengths, and track record



  • Complete verification assessment in renewable energy aggregation verification business for FY2021~23
  • Optimizes transaction volumes taking into account the stochastic scenarios which are made based on the accurate power generation forecasts and price forecasts.
  • Increase efficiency of electric power transactions both in spot markets and hour-ahead markets

Inquiries



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Please note that because this technology is currently the subject of R&D activities, immediate responses to inquiries may not be possible.

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