A Cournot–Nash model for a coupled hydrogen and electricity market
Abstract
Abstract We present a novel model of a coupled hydrogen and electricity market on the intraday time scale, where hydrogen gas is used as a storage device for the electric grid. Electricity is produced by renewable energy sources or by extracting hydrogen from a pipeline that is shared by non-cooperative agents. The resulting model is a generalized Nash equilibrium problem. Under certain mild assumptions, we prove that an equilibrium exists. Perspectives for future work are presented.
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Authors: Pavel Dvurechensky, Caroline Geiersbach, Michael Hintermüller, Aswin Kannan, Stefan Kater, Gregor Zöttl
Institutions: Friedrich-Alexander-Universität Erlangen-Nürnberg, Humboldt-Universität zu Berlin, University of Freiburg, International Institute of Information Technology Bangalore, University of Klagenfurt, Weierstrass Institute for Applied Analysis and Stochastics