Virtual power plant

Objective

Profit-optimized trading of flexible power generation from renewable power plants like biomass or biogas.

Renewable power generation shall be traded at the following markets

  • Secondary reserve market
  • Tertiary reserve market
  • EPEX Day-Ahead auction
  • EPEX Intraday auction
  • EPEX Intraday continuous trading

taking into account

  • legal frameworks
  • contractual constraints
  • physical constraints
  • market rules

Therefore, the power generation units spread all over Germany are to be bundled in virtual power plants.

Solution

Development of a mathematical optimization model; development of a data base comprising all in- and output data for the model; development of a software to supply the data, operate the model, and provide results; implementation of workflows and interfaces to integrate the model into the existing IT-Landscape