Team GEB's solution ranked 3rd in trading, 4th in forecasting, and 1st among student teams in the IEEE Hybrid Energy Forecasting and Trading Competition 2024 (HEFTCom2024).
The solution involves a stacking-based approach for wind power forecasts, an online solar post-processing model for the online test set, a probabilistic aggregation method for accurate quantile forecasts of hybrid generation, and a stochastic trading strategy to maximize trading revenue considering uncertainties in electricity prices.
The paper also discusses the potential of end-to-end learning to improve trading revenue by adjusting forecast error distributions and provides detailed case studies validating these methods.
All methods mentioned in the solution have accompanying code available for reproduction and further research in both industry and academia.