Stig Ødegaard Ottesen, Head of R&D in eSmart Systems, recently got accepted for publication an article in the international research journal Energy.
The title of the article is “Prosumer bidding and scheduling in electricity markets” and is about how a smart grid aggregator should take optimal bidding decisions when trading in day-ahead markets and further how to operate flexible energy appliances.
The main part of the article is the mathematical formulation of the decision problems, also taking into consideration the fact that some information (like prices and loads) is not known with certainty at the decision time. It also contains a case study based on data from Norske Skog Saugbrugs and the municipality of Hvaler. Co-authors are Asgeir Tomasgard and Stein-Erik Fleten, both professors at NTNU, Department of Industrial Economics and Technology Management.
Download and read the article here