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Workshop: NeurIPS 2023 Workshop on Tackling Climate Change with Machine Learning: Blending New and Existing Knowledge Systems

Contextual Reinforcement Learning for Offshore Wind Farm Bidding

David Cole · Himanshu Sharma · Wei Wang

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Sat 16 Dec 9:22 a.m. PST — 9:30 a.m. PST
 
presentation: NeurIPS 2023 Workshop on Tackling Climate Change with Machine Learning: Blending New and Existing Knowledge Systems
Sat 16 Dec 6:15 a.m. PST — 3:30 p.m. PST

Abstract:

We propose a framework for applying reinforcement learning to contextual two-stage stochastic optimization and apply this framework to the problem of energy market bidding of an off-shore wind farm. Reinforcement learning could potentially be used to learn close to optimal solutions for first stage variables of a two-stage stochastic program under different contexts. Under the proposed framework, these solutions would be learned without having to solve the full two-stage stochastic program. We present initial results of training using the DDPG algorithm and present intended future steps to improve performance.

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