Brieuc Le Roux Tardif

Price Information Is Not Enough: Ordering and Decision Rules in Storage Bidding

Price forecasts are evaluated in EUR/MWh of error, while storage earns euros; their link depends on the decision rule. We separate the optimal value of a signal V(S|C) from the revenue J(g,S) achieved by an implemented policy. For a price-taking asset with daily throughput bound L and a conditionally sub-Gaussian price...