Project
AA4-9
Volatile Electricity Markets and Battery Storage: A Model-Based Approach for Optimal Control
Project Heads
Christian Bayer, Dörte Kreher, Manuel Landstorfer
Project Members
N.N.
Project Duration
01.04.2022 − 31.03.2025
Located at
WIAS
Description
In this project we want to model a volatile electricity market together with a stationary battery storage device to reduce an electricity consumer’s overall cost. This is achieved by a stochastic optimal control problem with a virtual battery as constraint to determine charging and discharging.
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