AA4 – Energy and Markets

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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