Arbeitspapier
Model Of strategic electrolysis firms in energy, ancillary services and hydrogen markets
This work analyses the trading of strategic merchant hydrogen technologies in energy and ancillary services markets. The hydrogen firms trade in two markets: 1) a joint hydrogen and energy/reserves day-ahead market and 2) the balancing settlements market. We contrast the co-optimized markets with trading in an energy-only market. Trading both energy and ancillary services leads hydrogen firms to produce and use more hydrogen, leading to less reliance on fossil fuels and an increase in the revenue streams of the electrolysis-based firms. The problem is formulated as a stochastic multi-leader-multi-follower model. Each leader firm solves a bi-level Stackelberg problem. The upper-level is the Nash game among strategic firms. The lower-level is an instance of a Generalized Nash Equilibrium of the followers.
- Sprache
-
Englisch
- Erschienen in
-
Series: ESRI Working Paper ; No. 734
- Klassifikation
-
Wirtschaft
- Thema
-
OR in energy
Energy markets
EPEC
Hydrogen economy
Stackelberg model
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Longoria, Genaro
Lynch, Muireann
Devine, Mel
Curtis, John A.
- Ereignis
-
Veröffentlichung
- (wer)
-
The Economic and Social Research Institute (ESRI)
- (wo)
-
Dublin
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Longoria, Genaro
- Lynch, Muireann
- Devine, Mel
- Curtis, John A.
- The Economic and Social Research Institute (ESRI)
Entstanden
- 2022
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