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Optimal Trading of a Charging-Station Company in Auction Markets for Electricity
Czech Technical University in Prague, Faculty of Electrical Engineering, Department of Economics, Management, and Humanities, Prague, Czechia, 160 00, Czech Republic.ORCID iD: 0000-0002-9901-372X
Czech Institute of Informatics Robotics and Cybernetics, Czech Technical University in Prague, Department of Industrial Informatics, Prague, Czechia, 160 00, Czech Republic.ORCID iD: 0000-0002-0623-4890
KTH, School of Electrical Engineering and Computer Science (EECS), Electrical Engineering, Electric Power and Energy Systems.ORCID iD: 0000-0002-9998-9773
Czech Technical University in Prague, Faculty of Electrical Engineering, Department of Economics, Management, and Humanities, Prague, Czechia, 160 00, Czech Republic.ORCID iD: 0000-0002-4254-9451
2025 (English)In: IEEE Transactions on Intelligent Transportation Systems, ISSN 1524-9050, E-ISSN 1558-0016, Vol. 26, no 5, p. 6545-6555Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
Institute of Electrical and Electronics Engineers (IEEE) , 2025. Vol. 26, no 5, p. 6545-6555
Keywords [en]
L-shaped decomposition, charging station, electricity auction markets, generative adversarial networks (GANs), random forest, stochastic programming
National Category
Computer Sciences Probability Theory and Statistics
Identifiers
URN: urn:nbn:se:kth:diva-385280DOI: 10.1109/TITS.2024.3524790ISI: 001400180400001Scopus ID: 2-s2.0-85215622950OAI: oai:DiVA.org:kth-385280DiVA, id: diva2:2086106
Note

QC 20260713

Available from: 2026-07-13 Created: 2026-07-13 Last updated: 2026-07-13Bibliographically approved

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Hesamzadeh, Mohammad Reza

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Sohrabi, FarnazRohaninejad, MohammadHesamzadeh, Mohammad RezaBems, Julius
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